SoftBank Vision Fund to invest $1.7 bln in S.Korea travel firm Yanolja

PUBLISHED: Thu, 15 Jul 2021 05:50:33 GMT

SEOUL, July 15 (Reuters) – SoftBank’s Vision Fund has invested $1.7 billion in Yanolja, the South Korean travel firm said on Thursday.

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Yanolja, a provider of cloud-based booking and other systems for hotels and travel companies, said this week it aims to expand its client base 16 times by 2025, building on rapid pandemic-induced growth in southeast Asia, India and Africa. (Reporting by Joyce Lee; Editing by Clarence Fernandez)

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