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Qunar.com has raised $82.9M across 4 funding rounds.
Key people at Qunar.com.
Qunar.com was founded in 2005 by Fritz Demopoulos (CEO and Cofounder).
Qunar.com has raised $82.9M in total across 4 funding rounds.
Qunar.com is a prominent Chinese online travel agency, providing a comprehensive platform for travel search and booking services. It offers users an engine to compare and book flights and hotels, aggregating an array of products. The platform delivers an efficient interface for planning and executing travel, serving web and mobile users across mainland China.
Founded in May 2005 in Beijing, China, Qunar.com was established by Douglas Khoo, a former Yahoo! executive, and Fritz Demopoulos. Their insight identified potential in China's burgeoning online travel market. They sought a transparent, efficient search and booking experience, fulfilling a clear need for a localized platform consolidating diverse offerings for Chinese travelers.
Qunar.com primarily serves individual travelers across China, providing convenient and cost-effective travel solutions. The platform empowers its broad consumer base to discover, compare, and book various journey components. The company envisions cultivating a comprehensive travel ecosystem, seamlessly integrating users with the entire travel industry value chain, enriching the overall travel experience.
Key people at Qunar.com.
Qunar.com is China's leading online travel search engine and agency, founded in 2005 and headquartered in Beijing, enabling users to search, compare, and book flights, hotels, packages, visas, and other travel services across over 700 OTAs, 100,000 hotels, and 12,000 routes.[1][2][5] It serves primarily Chinese travelers—one of the world's largest and fastest-growing travel markets—by aggregating vast travel data for the best value deals while offering advertisers targeted branding and transaction-based formats to reach high-spending consumers; the platform attracts over 51 million monthly visits and generates $2.1 billion in revenue with around 3,000 employees.[1][2][3] Qunar solves the problem of fragmented travel information in China by providing instant, comprehensive comparisons, powering a shift toward online bookings in a market where Chinese outbound and domestic travel spending continues to surge.[1][2]
Qunar was founded in May 2005 in Beijing as a travel search engine, with its name meaning "where to go?" (去哪儿) in Mandarin Chinese, initially focusing on helping consumers compare flights, hotels, and deals amid China's booming internet and travel sectors.[1][2][5] Key early traction came from its role as the top travel search platform, recognized as a "top star" in travel media, leading to rapid growth with $1.1 billion in funding and a 2013 NASDAQ IPO under ticker QUNR.[1][4][5] Pivotal moments include Baidu's 2011 majority stake acquisition for $306 million, a 2015 partial merger with Ctrip (now Trip.com Group, where Ctrip holds ~45% and Baidu ~25% via Ctrip), and a 2017 privatization by Ocean Management Holdings, delisting from NASDAQ; it later integrated with Huawei's Hongmeng ecosystem in 2021 for atomic travel services.[5]
Qunar rides the explosive growth of China's online travel market, fueled by rising middle-class outbound tourism, domestic leisure spending, and digital adoption, where it acts as a key intermediary in a sector projected to dominate global bookings.[1][2][4] Timing aligns with post-2005 internet proliferation in China and recovery from events like COVID-19 disruptions (e.g., 2020 refund surges), positioning it amid market forces like mobile-first travel apps and ecosystem integrations (e.g., Hongmeng).[5] It influences the ecosystem by standardizing comparisons, boosting OTA competition, and enabling data-driven advertiser access, while its Trip.com ties amplify cross-border reach in a consolidating industry.[5]
Qunar is poised for sustained expansion as Chinese travel rebounds, leveraging its search dominance, tech stack, and partnerships to capture online accommodation growth (projected to hit 50% of hotel revenues globally by early 2020s) and emerging trends like AI personalization and atomic services.[4][5][6] Expect deeper Hongmeng integration, cloud enhancements for revenue optimization, and navigation of refund/regulation challenges to solidify its lead; its influence may evolve toward seamless super-app travel within broader Chinese tech ecosystems, circling back to its core as the essential "passport" for lucrative travelers.[1][2][5][6]
Qunar.com has raised $82.9M across 4 funding rounds. Most recently, it raised $57.0M Series U in April 2013.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2013 | $57M Series U | — | Granite Asia | Announced |
| Nov 1, 2009 | $15M Series C | — | Climacticvc, EVC Ventures, First Round Capital, Foundation Capital, Granite Asia, Tenaya Capital, Chris Moore, Matt Coffin | Announced |
| Nov 1, 2007 | $10M Series B | — | Climacticvc, EVC Ventures, First Round Capital, Foundation Capital | Announced |
| Oct 1, 2006 | $900K Series B | — | Climacticvc, EVC Ventures, First Round Capital, Foundation Capital | Announced |
Qunar.com was founded in 2005 by Fritz Demopoulos (CEO and Cofounder).
Qunar.com has raised $82.9M in total across 4 funding rounds.
Qunar.com's investors include Granite Asia, ClimacticVC, EVC Ventures, First Round Capital, Foundation Capital, Tenaya Capital, Chris Moore, Matt Coffin.
