Easybook.com
\nis Southeast Asia’s leading long-range mobility software provider. The business
\nprovides ticketing and route management software solutions to bus, train and
\nferry operators across the region. Operating in Malaysia, Singapore, Indonesia,
\nVietnam, Myanmar, Cambodia, Laos and Brunei. Easybook currently manages a
\nstaggering USD1.6B worth of regional long-range travel inventory in an industry\u00a0estimated to be worth north of USD11B a year, giving the business a strong
\nmarket presence and significant room for growth. <\/p>\n
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The new capital will be utilized to expand the
\ncompany’s inventory as well as drive revenue through additional monetization
\nstrategies. The business will continue its efforts to add to its suite of
\nsoftware solutions including additional functionality in the bus\/ferry terminal
\nmanagement space. Easybook will also be making key structural changes to the
\nbusiness by moving its HQ to Malaysia to drive more operational efficiency. <\/p>\n
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Key pillar to the region’s economy<\/b><\/p>\n
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Long-range travel is a key pillar to the region’s
\neconomy. Far too often investors’ attention is focused on air-travel, but for
\nthe vast bulk of people, air-travel comes second to buses, trains and ferries. This
\nis especially true for archipelago nations like Indonesia and the Philippines
\nwith still developing airport infrastructure. Land and sea travel are industries
\nthat have been built on small- to mid-sized operators that don’t have the scale
\nto develop highly integrated software themselves. Easybook is the clear
\nsolution for these operators, providing them with an advanced suite of
\nfunctions. Of the regions estimated 5,000 route operators, the company already services
\nover 1,200 of them. Through these efforts Easybook is focused on digitizing an
\nindustry that is the sleeping giant of the region, bringing efficiency to the
\ngrassroots of how people travel across Southeast Asia. <\/p>\n
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Managing Director of Easybook, William Lee said:
\n“We are very happy with the completion of this funding round. The capital from
\nthis investment will go a long way in expanding our presence and growing our
\ninventory. This will be key as we line up for an IPO in the coming years.
\nHaving a partner like Emissary that brings operational value to the table is
\nwhat attracted us to the deal. Many investors talk about adding value but there
\nis little substance behind those words. With the Emissary team we felt that was
\ndifferent, they have already begun adding a number of high profile people to
\nthe management team” <\/p>\n
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Erman Akinci \u2013 Managing Partner at Emissary stated,
\n“We are very excited about this investment. We have been impressed with what
\nWilliam and the Easybook team have done over the past several years. They have
\nsecured what we feel is one of the region’s most valuable travel assets. This
\ndeal allows us to get in on an amazing business that has been unfairly affected
\nby COVID-19 and is expected to rebound swiftly as travel restrictions are
\nlifted through 2021 and 2022.”<\/p>\n
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Easybook plans to utilise the USD5M raised to drive
\nmore growth into the business. This will be done by expanding its inventory and
\ndeveloping monetization strategies for the assets that it currently controls. This
\nwill be done to move the company towards an IPO in the next 24 to 36 months. <\/p>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"KUALA LUMPUR, MALAYSIA\u00a0–\u00a0Media
OutReach\u00a0– 15 July 2021 –\u00a0Easybook.com (Easybook) – Southeast Asia’s
leading long-range mobility software provider has just completed a Series-C
funding round led by investment firm Emissary Capital (Emissary). The round
equaling a total of USD5M features a combination of both new and vendor shares,
and will be utilized to bolster Easybook’s already …<\/p>\n","protected":false},"author":1,"featured_media":16323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16322"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=16322"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/16323"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=16322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=16322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=16322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![](\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/500x0\/163583\/Easybook-1.jpeg#image-163583\")
<\/p>\n![](\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/500x0\/163590\/Easybook-2.jpeg#image-163590\")
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