Travel firm PKFARE acquires tens of millions of yuan, backed by Caissa Tourism
Having won financing from Civil Aviation Investment Fund, Caissa Tourism and CKGSB Chuang Fund, PKFARE will continue to exploit the supply chain and product inventories.
PKFARE, an all-in-one B2B platform for global travel products, announced on April 16 that it has raised tens of millions of yuan in its A round of financing backed by Civil Aviation Investment Fund, Caissa Tourism and CKGSB Chuang Fund.
The capital raised will be used to beef up the teams for management, business and operation, expand global network and develop new products.
In August 2015, PKFARE completed an angel round backed by Shenzhen Capital Group and Shenzhen Qianhai Creation Venture; in March 2017, it secured the Pre-A round funds from Shenzhen Qianhai Taiya Dingfu Equity Investment and Shenzhen Qianhai Creation Venture.
PKFARE is a Shenzhen-based trading platform that encompasses air tickets, hotels and destination services. It will continue to exploit the supply chain to broaden product inventories.
At present, PKFARE has collected dynamic data from more than 600 airlines, 400,000 hotels and 20 destination TMCs worldwide, serving tens of thousands of resource consolidators across over 100 countries and regions.