KoreaTech Today - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
No Result
View All Result
KoreaTech Today - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home Startup

WAUG, Inc. to attract $11.5 billion won in investment in Series C

 626 total views,  1 views today

KoreaTechToday Editor by KoreaTechToday Editor
PUBLISHED: May 27, 2019 UPDATED: May 27, 2019
in Startup
0
WAUG, Inc. to attract $11.5 billion won in investment in Series C

WAUG Travel (CEO, Sun Woo-yoon), which provides a global travel activity reservation platform called WAUG, announced on April 18th that it has attracted investments in Series C.

The investment has SBI Investment, Albatross Investment, Login Investment, Delta Investment and IBK Industrial Bank as new shareholders, including existing investors LB Investment and CompanyK Partners. The investment in this round is worth 11.5 billion won (about US$9.8million). The company secured an additional 2 billion won (about US$1.7 million) in funds from the Korea Credit Guarantee Fund’s selection of the first penguin company.

WAUG is selling 20,000 travel activity products in 170 cities. The mobile payment ratio is 84 percent, which is the most optimized free travel service for mobile devices. In January this year, the company entered overseas markets in earnest. More than 2,000 payments are made every month by overseas users, and over 80 percent are from Southeast Asian countries such as Singapore and the Philippines.

WAUG Travel is planning to further accelerate its size and growth by exploring global markets. It has established a Singaporean corporation and a Japanese branch and plans to make inroads into major Southeast Asian countries such as Hong Kong, Thailand, and the Philippines this year. It will also hire professional workers there to strengthen local partnerships and marketing.

It will also strengthen its own brand (PB) tour called WAUG Pink series. There are 21 WAUG Pink series operating in eight countries. Recently, it has continuously created new tours loved by travellers in their 20s, including “CSI WAUG Pink Dolphin Cruise” and “Bangkok WAUG Pink Palace Tour.” This year, the company plans to increase its own brand (PB) tour to 50 units.

“WAUG is a service that has stable profitability compared to its competitors based on already high product content quality and sales,” said Hwang Kyu-jin, head of SBI Investment’s team that led the investment.

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: Albatross InvestmentDelta InvestmentIBK Industrial BankInvestmentLogin InvestmentSBI InvestmentStartupWAUGWAUG Travel

Related Posts

Yanolja Cloud partnered with VNTravel to accelerate the digital transformation of Vietnam’s travel and leisure sector using cloud-based and SaaS solutions.
Digital Transformation

New Yanolja Unit Offers Digital Travel Tech With Vietnam’s VNTravel

July 24, 2021
South Korea’s Digital New Deal provided extensive support to local technology startups, enabling them to expand their presence throughout overseas markets.
Startup

Korea’s Digital New Deal Sends Startups Across Global Stages

July 23, 2021
Nota, a South Korean on-device AI solution developer, promoted AI compression technology NetsPresso in the Arm AI Virtual Tech Talk series. / photo courtesy of Nota Inc.
AI

AI Solution Startup Nota Offers ‘NetsPresso’ Tech Trials at Arm AI Tech Talk

June 24, 2021
Naver Corp. vowed to further invest in smaller companies in various sectors after the D2SF-supported startups’ combined valuation reached 1.3 trillion won.
Naver

Naver D2SF Accelerates Startups’ Growth, Generating 99% Survival Rate

June 11, 2021
Samsung Electronics participated in the funding round for Ada Health, an AI symptom assessment app, further supporting AI-backed healthcare startups.
Healthcare

Samsung Promotes AI Healthcare Startups with Ada Health Investment

June 3, 2021
Samsung Electronics supported new innovative startups through its C-Lab program, helping them grow exponentially to cultivate the local startup ecosystem. / photos courtesy of Samsung Electronics
Samsung

Samsung’s C-Lab Program Showcases Four Innovative Spinoff Startups

May 21, 2021
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Top South Korean Tech Products to Look Out for in 2021

    0 shares
    Share 0 Tweet 0
  • 5 All-Time Best Rom-Com K-Dramas to Watch

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Coway Changes Name After Netmarble’s Aquisition

    0 shares
    Share 0 Tweet 0
  • Best Korean Dramas To Watch This 2021

    0 shares
    Share 0 Tweet 0
  • Top 8 South Korean Mobile MMORPG to Watch Out For in 2021

    0 shares
    Share 0 Tweet 0
  • SKT Popularizes Social VR with Ifland Metaverse Platform

    0 shares
    Share 0 Tweet 0
  • World’s First 5G Robot Café has a Seoul Opening

    0 shares
    Share 0 Tweet 0
  • LG, Samsung to Reveal Advanced AI-Based Fridges at CES 2020

    0 shares
    Share 0 Tweet 0
  • About Us
  • Account Page
  • application form
  • Cookie policy
  • Default Redirect Page
  • homepage
  • Login
  • login form
  • LogOut
  • Newsletter
  • Privacy Policy
  • Register
  • Reset Password
  • Sample Page
  • Subscription Plan
  • Terms of Use
  • test
  • test
  • testpage
  • TOS Page
  • Visitor Inside User Page

Copyright © 2021 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy|Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government

Copyright © 2021 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy|Contact : [email protected] |