Booking Holdings-backed online travel services provider Yanolja has raised capital from SoftBank Vision Fund 2 ahead of a planned initial public offering.
Internet and telecommunications group SoftBank’s Vision Fund 2 supplied $1.7bn in funding for South Korea-based travel and accommodation services provider Yanolja today.
Founded in 2005, Yanolja initially began as a short-term accommodation services provider before adding hospitality, food, leisure and transportation booking services to its offering, which is accessible through a mobile app.
Yanolja will use the capital to invest in its technology and expand its technology-based services into new markets. It intends to build a global travel platform that…
