LINE and Venture Republic have agreed to form a capital alliance in their travel businesses. According to the agreement, LINE Travel, which is a travel meta-search launched by LINE, will provide new travel services by using know-how of Venture Republic’s operating travel meta search Travel.jp with 15 million or more visitors a month.
LINE Travel aims to make the best proposals to LINE users before, in or after traveling, taking advantage of their user IDs and position information. Takeshi Idezawa, LINE President, said that the alliance will allow LINE Travel to provide LINE users with the best travel plans and enriched travel experiences in a seamless way from pre-travel to post-travel.
LINE Travel is able to share the user base and the travel product data on Travel.jp and 27,000 or more travel stories written by 500 travel experts.
LINE will acquire 34% of all stocks of Venture Republic (a capital of 10 million JPY as of March 2018) on August 1 2018 and sent three executives and one auditor. Even after the deal, Venture Republic will be led by Kei Shibata as president and Kenichi Shibata as vice president.