Online and Mobile Travel Company Travelzen Wins RMB 600 Mln Series C

i.wshang.com, 3/22/16

Shanghai-based business travel service platform operator Travelzen recently announced completion of RMB 600 mln Series C funding from investors including Jiangsu-based Addor Capital, United Capital, Jinpu Innovation Consumption, and Everbright Fortune.

Travelzen was established in 2007 in Hong Kong as a joint venture between Shanghai-based Ever Bright Town International Travel Agency and a foreign private equity group. Travelzen purchased Ever Bright Town International Travel Agency in March 2011 and moved its headquarters to Shanghai in August 2011. Travelzen currently operates online B2G (business-to-government) travel services platform Travelzen.com and mobile and online B2B travel services platform Tdxinfo.com. Tdxinfo.com launched in December 2013 and since then the company's business model has transitioned from B2C to B2B operations.

Travelzen plans to use Series C funding to develop Tdxinfo's B2B platform including increasing airline and cruise upstream resource procurements, accelerating service expansion in China's northeast, eastern, southwest, and southern regions, and strengthening distribution technology development and mobile app innovation to improve the user experience. Travelzen completed USD 8-digit Series B funding in May 2014.

Keywords: United Capital Jinpu Everbright Fortune VC online travel mobile travel B2B Internet funding Series C Travelzen Addor

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