Rakuten Acquires Tokyo-Based Travel Startup Voyagin

travel

Image Source: Freepik 

Japan’s e-commerce giant Rakuten has acquired Tokyo-based travel startup Voyagin. Rakuten paid cash and holds more than 50 percent stakes in Voyagin.

The financial terms of the deal have not been disclosed, but the company will continue to operate under its current CEO Masashi Takahashi, with all 13 employees working out of its Tokyo­-based headquarters, as reported by TechCrunch.

The investment amount will be used to grow its engineering, sales, and operations teams.

Founded in 2012, by Tushar Khandelwal, Hiroyuki Hayashi and Masashi Takahashi, Voyagin is a travel discovery and booking portal which allows users to discover a curated list of tours and activities in Asia. Currently, the startup features over 1,800 activities in over 50 destinations and has served more than 30,000 travelers over the past year. Its main markets are Tokyo, Kyoto, Okinawa, and Bali. The startup is also looking out for expansion in the rest of Southeast Asia and China.

Voyagin will also help Rakuten grow its services, since most of Rakuten’s users are domestic tourists. The two companies are also collaborating for the upcoming Tokyo 2020 Olympic and Paralympic Games. They will grow and strengthen their services to meet the demand for tourism activities with the influx of visiting foreigners.

In March 2015, Rakuten had announced that it will accept Bitcoin across its global marketplaces. The company has put its investment in Bitnet — a startup that raised $14.5 million last October.

Similar Read:  The Worst Problems of Youtube That Marketers Should Know About
Category