7 JULY 2013- SINGAPORE – Flocations Pte Ltd (www.flocations.com), a Singapore based startup that enables metasearch for travel packages, has appointed an all-star Board of Directors from the travel industry. Kei Shibata of Venture Republic and Shirley Wong from TNF Ventures join as Directors, and Jixun Foo of GGV Capital joins as Advisor to the Board. Under such direction, Flocations.com aims to push the boundaries for online travel planning with new and innovative approaches to the sector.
Shibata says “Flocations is a new breed of online travel company. Their ideas and technology give me confidence that they will provide the most innovative travel search service, starting with aggregating travel packages available online”.
Shibata co-founded Venture Republic Inc., a public company in Japan that owns and runs Japan’s leading online travel search engine, “Travel.jp” as well as a user generated online hotel review service, “Hotel.jp” and a comparison shopping engine, “coneco.net.” The 3 Venture Republic websites attract more than 15 million visitors each month. Shibata began his business by bringing offline travel agents into the online field, an experience that is invaluable to Flocations’ core business and will help with their international expansion.
Jixun Foo is an investor in China’s leading online travel company Qunar.com and is the Managing Partner of GGV Capital. Foo says, “Online travel is fast growing and still has massive potential in Asia, as only 20% of travel is sold online. In addition, mobile is changing the way consumers consume travel. What I like about Flocations is their ability to consolidate travel package inventory that is not even online yet and couple it with inventory that is online, which ultimately reduces friction between users and service providers”.
For the past 12 years Foo has been a venture capitalist, investing and working with Asian entrepreneurs. His interests are primarily in the Internet and Mobile sectors. He is a board member on the boards of Qunar, Youku-Tudou (NYSE: YOKU), MediaV, and Douguo. He is also very actively involved with Meilishuo.com, UCWeb, AAC Technologies (HK: 2018), Chaoli and Meihua (600873.SS). Foo ranked 11th on “The Midas List 2007″ by Forbes, has been annually awarded one of “Best Venture Capitalists” by Forbes China since 2006. In 2012, he was recognized as one of the Top 10 Venture Capitalists by Zero2IPO and also named to the 2012 Venture Capital 100 by Always-On.
Shirley Wong takes an operational approach to the business. She says “Flocations’ business is very scalable and that’s key to centralizing in Singapore and easily expanding throughout South East Asia”.
Wong is the founding Partner of TNF Ventures. Shirley Wong is an entrepreneur with more than 20 years of experience in the IT industry. She co-founded Frontline Technologies Corporation Ltd in 1994, and it was listed on the Singapore Exchange in March 2001. British Telecom Global Services acquired the company and subsequently renamed it BT Frontline Pte Ltd. Shirley is active in the start-up scene working with a number of start-ups to help them secure funding, access resources, build market connections and go to markets. She is incredibly passionate about entrepreneurship and is excited to help build the start-up community in Singapore.
To date the company has concentrated on meta-search for the travel industry and only recently ventured into the business of search of online travel packages. ”Travel packages are the last bastion of offline travel” says Shaw Chian, the technical co-founder of Flocations. “Our clear success shows that bringing travel packages online is working”.
In the last 2 months, Flocations has had 125% organic growth month over month and the site converts 10% of visits to sales leads for their partners. In June 2013, more than S$1,500,000 worth of sales leads were sent to local travel agencies.
Flocations Pte Ltd is a Singapore based travel technology company that concentrates on bringing travel packages online. Flocations’ vision is to make it easy for anyone to find their next trip on any device. During the month of June 2013 alone, Flocations sent more than S$ 1,500,000 of booking requests to its partners. In December 2012, Flocations closed a pre-series round of funding, raising S$700,000, led by TNF Ventures. The investment is supported with additional capital from SingTel Innov8 and Singapore-based business angel Ben T Ball.