Travel startup Myrealtrip announced on October 19 that it has received a total of USD 6.2M from IMM Investment, Mirae Asset – Naver Fund, IBK Capital, and other investors.
After receiving investment from IMM Investment one year ago, Myrealtrip successfully received follow-on funding from various investors. The accumulated investment amount is around USD 11M and previous investors include Primer, Bon Angels Venture Partners, and Capstone Partners.
Myrealtrip has grown rapidly since its launch in 2012, with over 700% growth in sales from last year. More than 11,000 travel-related products from 400 cities in 73 countries are displayed on their platform. Major products include local guide tours, activities, admission tickets, accommodation, and car rental services. As a result, Myrealtrip has over 130,000 cumulative reviews, which is one of the top ratings in Korea.
Donggun Lee, CEO of Myrealtrip, said, “through this investment, we will continue to develop high-quality content and become a platform that specializes in self-guided tours. We will focus on finding new content and will start by adding airfare services in the beginning of next year.
In-Su Baek, Head of Investment at Smilegate Investment, stated, “The demand for travel is increasing every year and the future of this industry is also very promising. We decided to invest in Myrealtrip because they have made a rapid growth since its launch and have stabilized its service in the Asian market”.
(top photo from Pixabay)
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This article, entitled “Myrealtrip raises USD 6.2M to develop online platform for travel-related product sales”, was written in Korean by Stephanie Seo of Platum, edited by AllTechAsia.