Klook Eyes $500M US IPO; Agoda Launches AI Image Tool; United Airlines Sues Kiwi.com
Travel and tech companies have been making waves in the market. Klook, a Hong Kong-based travel activities and services platform, is planning an Initial Public Offering (IPO) in the U.S., potentially raising around $500 million. Meanwhile, Agoda, a Singapore-based online travel agency, has introduced an AI tool to enhance property images. In the legal sphere, American Airlines has taken action against Kiwi.com over alleged ticket sales violations.
Klook's IPO, expected to happen this year, is being advised by prominent financial institutions such as Goldman Sachs, Morgan Stanley, and JPMorgan. However, details about the banks involved in the planned IPO are scarce at present, typically being disclosed in financial news or official announcements.
In another development, United Airlines has filed a lawsuit against Kiwi.com, accusing the latter of unauthorised ticket sales and deceptive practices. The specifics of the lawsuit are yet to be fully disclosed.
Agoda, an online travel agency owned by Booking Holdings, has launched an AI-driven Content Enhancement Tool. This tool aims to improve property images across its platform, providing a better user experience.
Gathern, a Saudi vacation rental platform, has secured $72 million in a Series B funding round. This investment has increased the company's valuation to approximately $266 million. With the new funds, Gathern plans to list on the Saudi Exchange and expand both locally and regionally.
Yatra, an Indian online travel agency, has introduced an AI-powered travel assistant named DIYA. DIYA is designed to guide users through the booking journey, providing a more seamless and personalized experience.
The travel and tech industries continue to evolve, with companies exploring new funding opportunities and innovative technologies. Klook's potential IPO, Gathern's expansion plans, and Agoda's AI tool are just a few examples of the dynamic nature of these sectors. The lawsuit between United Airlines and Kiwi.com also highlights the importance of legal compliance in the industry.
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