10 years ago

Skyscanner Raises $192 Million to Expand Globally

  • Skyscanner, a travel search engine based in Edinburgh, Scotland, raised £128 million (about $192 million) in a funding round led by Khazanah Nasional Berhad and Yahoo! Japan

  • The company is now worth $1.6 billion, making it a unicorn

  • The funding will be used to expand into new markets around the world, make acquisitions, and give some of its shareholders more liquidity

  • Skyscanner has been making inroads into Asia for the past three years, striking partnerships with Baidu and Yahoo! Japan; opening offices in China and Singapore; and acquiring Youbibi, a Chinese travel search startup

  • The site is used by 50 million people every month and faces competition from companies like Kayak, Expedia, Qunar, Ctrip and Google Flights.

      • ProblemTechnology

      "Finding cheap flights across the globe is a hassle. Existing search engines are clunky, unreliable and often fail to show all available options."

      Solution

      "Skyscanner is a travel search engine that simplifies the process of finding cheap flights by aggregating data from multiple airlines and travel agencies. This gives users access to a wider range of options, helping them find the best deals."

      Covered on