Singapore Telecommunications has exited travel e-commerce company Flocations, which raised almost $600,000 in 2012, through an acquisition by Venture Republic Group.
Travel e-commerce company Venture Republic Group has acquired Flocations, a Singapore-based travel website backed by telecommunications company Singapore Telecommunications, for an undisclosed sum, Tech in Asia reported yesterday.
The acquisition of Flocations will enable Japan-based Venture Republic to expand into Southeast Asia. Flocations has built a database containing more than 80 travel agencies, as well as a chat and booking platform through which travellers can book tour packages offered by the agencies.
Flocations was founded in 2012 when it graduated…
