What is Qunar?
Founded in 2005 and headquartered in Beijing, Qunar operates as a sophisticated online travel platform, bridging the gap between service providers and consumers through advanced search and booking technology. By leveraging a comprehensive database of flight, hotel, and vacation package information, the company has established itself as a critical node in the Chinese tourism ecosystem. Its business model focuses on optimizing the user experience through data-driven insights, allowing travelers to compare prices and secure bookings with unprecedented efficiency. As a key entity in the travel technology sector, Qunar has consistently adapted its platform to meet the evolving demands of the digital-first consumer, maintaining a strong competitive edge against both domestic and international incumbents.
How much funding has Qunar raised?
Qunar has raised a total of $1.1B across 8 funding rounds:
Series A
$1.1M
Private Equity
$10M
Unspecified
$15M
Unspecified
$306M
Private Equity
$57M
Stock Offering
$166.7M
Private Equity
$57M
Private Equity
$500M
Series A (2006): $1.1M with participation from GSR Ventures
Private Equity (2007): $10M led by GSR Ventures and Mayfield Fund
Unspecified (2009): $15M supported by Tenaya Capital, GSR Ventures, GGV Capital, and Mayfield
Unspecified (2011): $306M featuring Mayfield Fund, Baidu, Tenaya Capital, and GSR Ventures
Private Equity (2013): $57M backed by Hillhouse Capital Group, GGV Capital, and Baidu
Stock Issuance/Offering (2013): $166.7M, investors not publicly disclosed
Private Equity (2014): $57M led by Hillhouse Capital Group, GGV Capital, and Baidu
Private Equity (2015): $500M supported by Silver Lake
Key Investors in Qunar
Silver Lake
Silver Lake is a privately held global investment firm focused on technology, technology-enabled, and related growth businesses, serving institutional investors through a range of strategic investment vehicles.
Baidu
Headquartered in Beijing, Baidu is a leading search engine platform and internet portal providing mobile search, mapping services, and online marketing solutions for businesses.
GGV Capital
GGV Capital is a global multi-stage venture firm that invests in local founders across the social, internet, enterprise tech, and smart tech sectors.
What's next for Qunar?
Looking ahead, the infusion of capital positions Qunar to further refine its technological stack and expand its service offerings. The company is expected to prioritize the integration of artificial intelligence to enhance personalized travel recommendations and streamline the booking process. Furthermore, the strategic backing from major industry players suggests a focus on deepening market penetration and exploring potential synergies within the broader travel and hospitality value chain. As the travel industry continues to recover and evolve, Qunar remains well-capitalized to pursue aggressive growth initiatives, potentially exploring new geographic markets or diversifying its portfolio of travel-related services to maintain its leadership status.
See full Qunar company page
