Target Information

PKFARE (比客) is an innovative global B2B travel product trading platform specializing in flights, hotels, and destination services. The company has successfully completed a financing round, securing several tens of millions in funding. The current funding will be allocated to expanding the management, business development, and operations teams, as well as enhancing the global network and broadening the company's product offerings. PKFARE's ambition is to establish itself as a leading platform in the worldwide travel product trading industry by providing simpler and smarter solutions for its clients.

PKFARE has previously undergone multiple funding rounds, starting with an angel round in August 2015, followed by a Pre-A round in March 2017. The consistent interest from capital markets highlights the confidence investors have in PKFARE's business model and market potential.

Industry Overview

The travel industry in China has experienced significant growth, especially in the realm of outbound tourism. This surge has created a thriving market for B2B travel platforms, enhancing trade and partnerships among industry players. As international travel becomes more accessible, the demand for efficient transaction methods has increased. Companies like PKFARE are strategically positioned to leverage this trend by integrating innovative technological solutions into their operations.

Furthermore, China's advancement in data analytics and artificial intelligence has enabled companies to harness customer data effectively, leading to more tailored services and offerings. This shift not only improves customer experiences but also enhances operational efficiencies within travel agencies and partners.

The competitive landscape features numerous players; however, PKFARE’s unique value proposition in terms of technology integration and its comprehensive service offering sets it apart. By addressing traditional barriers such as language, culture, currency fluctuations, and time zones, PKFARE is paving the way for greater connectivity among international partners.

Investment interest in the travel sector continues to grow as businesses recognize the importance of leveraging data and technology. PKFARE's focus on smart solutions positions it well to capitalize on the projected growth of the travel industry, particularly in the B2B segment.

Rationale Behind the Deal

The rationale for investing in PKFARE stems from its innovative approach and strong market positioning within the travel sector. The funding from notable investors, including the Civil Aviation Investment Fund and Caesar Travel, aligns with their strategic objective to back projects that demonstrate potential for significant growth and transformation within the industry. PKFARE's focus on using large data and intelligent algorithms reinforces this investment potential.

Moreover, the investment aims to help PKFARE navigate industry challenges and streamline operations, ultimately enhancing its service portfolio. The funding is expected to propel PKFARE into a phase of rapid development, potentially leading to an initial public offering in the near future.

Investor Information

The major investors in this round include the Civil Aviation Investment Fund, Caesar Travel, and the Changjiang Business School Venture Fund. The Civil Aviation Investment Fund has shown a keen interest in projects that apply big data to the aviation industry, and PKFARE's platform is a prime example of such an initiative. By supporting PKFARE, these investors are not only advancing a potentially lucrative opportunity but are also contributing to the modernization and efficiency of the travel sector.

Caesar Travel, a significant player in China's outbound tourism market, sees immense value in PKFARE's innovative trading platform. The collaboration is built on shared objectives of resource complementarity and mutual growth, signaling a promising partnership in the travel industry.

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This deal presents a compelling investment opportunity within the rapidly growing travel B2B sector. PKFARE's ability to integrate advanced technology with an expansive global network positions it favorably against competitors. The prevailing investment climate in the travel industry, coupled with PKFARE’s clear vision, indicate a strong potential for capital appreciation.

Additionally, the strategic backing from notable investors enhances PKFARE's credibility, paving the way for robust business development activities. The company's proactive strategies to overcome traditional barriers in the travel product market are particularly noteworthy, supporting the assertion that PKFARE is on a solid path to growth.

In conclusion, if executed appropriately, this investment could yield substantial returns, particularly as PKFARE aims for an IPO in the future. The strong commitment to innovation and expanding the service range suggests that this is a well-timed investment in a sector poised for significant advancement.

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民航投资基金, 凯撒旅游, 长江商学院创创基金

invested in

PKFARE(比客)

in 2018

in a Series A deal

Disclosed details

Transaction Size: $3M

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