Yeogiuhtte, the second-largest travel and accommodation platform operator, is expected to rise to the ranks of unicorn companies (unlisted companies with a corporate value of more than 1 trillion won).
According to the investment banking (IB) industry on the 8th, Yeogi-how Company, the operator of Yeogi-how, is working to attract tens of billions of won in investment from major institutional investors. It is known that Mirae Asset Capital is taking the lead. In this process, the company expects a valuation of up to 1.2 trillion won.
It is the second-largest travel and lodging app operator after Yanolja. Its main business was a reservation brokerage service for hotels, resorts, and motels, but it is aggressively expanding its business area after being sold to CVC Capital, a British private equity fund, in 2019. In 2020, it acquired Mango Plate, a restaurant curation service. Here, even under the COVID-19 situation, it has recorded a surplus. Last year, it posted 204.9 billion won in sales and 15.5 billion won in operating profit. Compared to 2020, sales increased by 59% and operating profit by 35%.
By Kim Jong-woo, staff reporter [email protected]
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