- Seoul-based accommodation/leisure company Yanolja enters South East Asia by investing USD15M into ZEN Rooms in return for a minority stake
- Strategic investment into ZEN Rooms to benefit from exponential growth and synergistic effects in Southeast Asian market·
- This marks the first cross-border transaction for Yanolja and the largest startup investment by a Korean company in South East Asia
Singapore,
July 26th 2018
Leading
Southeast Asian economy hotel chain and online booking platform ZEN Rooms (www.zenrooms.com)
announces a strategic minority investment of USD15M by Yanolja, the leading
Seoul-based leisure company with rights to acquire 100% of ZEN Rooms in the
future. This is the largest startup investment by a Korean company in Southeast
Asia.
