HSG

HSG, formerly known as Sequoia Capital China, is a global venture capital and private equity firm, managing over USD 55 billion across various funds. Established in 2005, HSG invests in technology, healthcare, and consumer sectors, with a focus on seed, venture, growth, buyout, and infrastructure stages. The firm has backed over 1,500 companies, with more than 160 listed on public exchanges and over 140 achieving unicorn status. HSG operates globally, with offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, providing extensive resources and industry expertise to its portfolio companies.

Rohit Agarwal

Managing Director

Mohit Bhatnagar

Managing Director

Wang Chenyu

Vice President

Sakshi Chopra

Managing Director

Raghavv Garg

Analyst

Pushpak Kedia

Vice President

Sunint Khurana

Analyst

Ishaan Mittal

Managing Director

Saksham Mittal

Analyst

Abhishek Mohan

Principal

Javier Ng

Associate

Enita Pu

Partner

Wendy Qian

Analyst

Haim Sadger

Partner

Yoav Shaked

Partner

Johan Surani

Vice President

Vedant Trivedi

Associate

Aradhita Tuli

Investment Analyst

Pavel Vyhnalek

Operating Partner

Fu Xin

Partner

Past deals in Tourism

Slice

Seed Round in 2024
Slice mission is to make travel accessible for everyone and enables travel experiences at a fair price.

Klook

Series E in 2021
Klook is a global online platform facilitating the booking of travel experiences, services, and accommodations. It offers a wide array of activities such as tours, theme park tickets, cultural experiences, and adventure activities across numerous destinations worldwide. Additionally, Klook provides essential travel services like public transport passes, airport transfers, car rentals, SIM cards/eSIMs, and dining reservations to cater to various aspects of travel planning.

Zhiketong Technology

Series D in 2020
Beijing Zhiketong Technology Co., Ltd., established in 2014, specializes in providing direct marketing services for the hospitality, leisure, and entertainment sectors through its web platform on WeChat. The company acts as an agency that offers a range of digital marketing solutions, including consulting, advertising, and comprehensive data analysis. By assisting partners in optimizing their management efficiency and enhancing service quality, Zhiketong Technology helps businesses increase brand awareness and attract more customers. Its services encompass intelligent data analysis systems, online marketing strategies, customer management tools, and online store design, all aimed at driving revenue growth for hotels and tourism attractions in China.

LvYue

Series A in 2019
LvYue Travel Information Technology (Beijing) Co., Ltd., established in 2016 and based in Beijing, operates within the hotel management sector in China. The company is part of the Luyue Group, which is strategically linked to Ctrip Group and focuses on integrating hotel management with information technology and procurement. Under the leadership of CEO Zhang Qiang, the Luyue Group aims to enhance the tourism industry by leveraging internet innovations and technology to improve operational effectiveness. It utilizes data-driven strategies derived from user information from Ctrip and Qunar.com, alongside its own technology development team. The group is recognized for its innovative systems, including the Aladdin global intelligent location system and XPMS, which facilitate the management of non-standard hotels through a comprehensive service approach.

Zhiketong Technology

Series C in 2019
Beijing Zhiketong Technology Co., Ltd., established in 2014, specializes in providing direct marketing services for the hospitality, leisure, and entertainment sectors through its web platform on WeChat. The company acts as an agency that offers a range of digital marketing solutions, including consulting, advertising, and comprehensive data analysis. By assisting partners in optimizing their management efficiency and enhancing service quality, Zhiketong Technology helps businesses increase brand awareness and attract more customers. Its services encompass intelligent data analysis systems, online marketing strategies, customer management tools, and online store design, all aimed at driving revenue growth for hotels and tourism attractions in China.

Klook

Series D in 2019
Klook is a global online platform facilitating the booking of travel experiences, services, and accommodations. It offers a wide array of activities such as tours, theme park tickets, cultural experiences, and adventure activities across numerous destinations worldwide. Additionally, Klook provides essential travel services like public transport passes, airport transfers, car rentals, SIM cards/eSIMs, and dining reservations to cater to various aspects of travel planning.

Zhiketong Technology

Series B in 2018
Beijing Zhiketong Technology Co., Ltd., established in 2014, specializes in providing direct marketing services for the hospitality, leisure, and entertainment sectors through its web platform on WeChat. The company acts as an agency that offers a range of digital marketing solutions, including consulting, advertising, and comprehensive data analysis. By assisting partners in optimizing their management efficiency and enhancing service quality, Zhiketong Technology helps businesses increase brand awareness and attract more customers. Its services encompass intelligent data analysis systems, online marketing strategies, customer management tools, and online store design, all aimed at driving revenue growth for hotels and tourism attractions in China.

OYO

Series E in 2018
OYO Hotels and Homes Pvt Ltd. is a hospitality company based in Ahmedabad, India, that was founded in 2013. The company specializes in owning and operating a network of hotels, homes, and living spaces, which are available for booking through its mobile application. OYO aims to provide affordable and comfortable accommodation options, catering to both budget-conscious travelers and those seeking premium experiences. By offering technology-driven solutions, OYO empowers entrepreneurs and small business owners in the hospitality sector, enhancing their operational efficiency and revenue potential. The company is a subsidiary of Oravel Stays Private Limited and is recognized for its commitment to delivering quality services comparable to those of five-star hotels while remaining accessible to a broader audience.

Klook

Series D in 2018
Klook is a global online platform facilitating the booking of travel experiences, services, and accommodations. It offers a wide array of activities such as tours, theme park tickets, cultural experiences, and adventure activities across numerous destinations worldwide. Additionally, Klook provides essential travel services like public transport passes, airport transfers, car rentals, SIM cards/eSIMs, and dining reservations to cater to various aspects of travel planning.

XBand Club

Series A in 2018
Xband, founded in 2016 by Zhu Shengxuan and Wu Chon, is a Chinese company based in Xuhui District, Shanghai, that focuses on rural cultural tourism solutions. The company provides comprehensive development, planning, and investment services aimed at transforming rural village properties into tourism facilities. By promoting cultural experiences in rural areas, Xband seeks to enhance tourism outside of urban environments and support the development of these regions.

Huangbaoche

Series C in 2018
Huangbaoche is a travel service that specializes in offering tour packages and booking options for outbound Chinese tourists. The company operates a platform featuring over 100,000 Chinese-speaking drivers and tour guides who facilitate various services, including airport pick-up, chartered car rentals, and guided tours. Huangbaoche covers more than 1,500 travel destination cities across 80 countries, catering specifically to the needs and preferences of Chinese-speaking travelers.

Klook

Series C in 2017
Klook is a global online platform facilitating the booking of travel experiences, services, and accommodations. It offers a wide array of activities such as tours, theme park tickets, cultural experiences, and adventure activities across numerous destinations worldwide. Additionally, Klook provides essential travel services like public transport passes, airport transfers, car rentals, SIM cards/eSIMs, and dining reservations to cater to various aspects of travel planning.

OYO

Series D in 2017
OYO Hotels and Homes Pvt Ltd. is a hospitality company based in Ahmedabad, India, that was founded in 2013. The company specializes in owning and operating a network of hotels, homes, and living spaces, which are available for booking through its mobile application. OYO aims to provide affordable and comfortable accommodation options, catering to both budget-conscious travelers and those seeking premium experiences. By offering technology-driven solutions, OYO empowers entrepreneurs and small business owners in the hospitality sector, enhancing their operational efficiency and revenue potential. The company is a subsidiary of Oravel Stays Private Limited and is recognized for its commitment to delivering quality services comparable to those of five-star hotels while remaining accessible to a broader audience.

Klook

Series B in 2017
Klook is a global online platform facilitating the booking of travel experiences, services, and accommodations. It offers a wide array of activities such as tours, theme park tickets, cultural experiences, and adventure activities across numerous destinations worldwide. Additionally, Klook provides essential travel services like public transport passes, airport transfers, car rentals, SIM cards/eSIMs, and dining reservations to cater to various aspects of travel planning.

OYO

Series C in 2016
OYO Hotels and Homes Pvt Ltd. is a hospitality company based in Ahmedabad, India, that was founded in 2013. The company specializes in owning and operating a network of hotels, homes, and living spaces, which are available for booking through its mobile application. OYO aims to provide affordable and comfortable accommodation options, catering to both budget-conscious travelers and those seeking premium experiences. By offering technology-driven solutions, OYO empowers entrepreneurs and small business owners in the hospitality sector, enhancing their operational efficiency and revenue potential. The company is a subsidiary of Oravel Stays Private Limited and is recognized for its commitment to delivering quality services comparable to those of five-star hotels while remaining accessible to a broader audience.

OYO

Series B in 2015
OYO Hotels and Homes Pvt Ltd. is a hospitality company based in Ahmedabad, India, that was founded in 2013. The company specializes in owning and operating a network of hotels, homes, and living spaces, which are available for booking through its mobile application. OYO aims to provide affordable and comfortable accommodation options, catering to both budget-conscious travelers and those seeking premium experiences. By offering technology-driven solutions, OYO empowers entrepreneurs and small business owners in the hospitality sector, enhancing their operational efficiency and revenue potential. The company is a subsidiary of Oravel Stays Private Limited and is recognized for its commitment to delivering quality services comparable to those of five-star hotels while remaining accessible to a broader audience.

Tuniu

Post in 2015
Tuniu Corporation is an online leisure travel company based in Nanjing, China, founded in 2006. It specializes in offering a wide array of packaged tours, including organized and self-guided options, tailored for leisure travelers. The company provides comprehensive travel-related services such as ticket sales for tourist attractions, visa applications, accommodation reservations, and transportation options, including air, train, and bus tickets. Tuniu also offers car rental and insurance services, along with advertising solutions for tourism boards. The company's products and services are accessible through its website, mobile platform, and a network of offline channels, which includes call centers and retail stores across China. With over 550,000 stock keeping units covering more than 140 countries, Tuniu aims to enhance customer experience and expand its market presence by diversifying its offerings and investing in technology.

OYO

Series A in 2015
OYO Hotels and Homes Pvt Ltd. is a hospitality company based in Ahmedabad, India, that was founded in 2013. The company specializes in owning and operating a network of hotels, homes, and living spaces, which are available for booking through its mobile application. OYO aims to provide affordable and comfortable accommodation options, catering to both budget-conscious travelers and those seeking premium experiences. By offering technology-driven solutions, OYO empowers entrepreneurs and small business owners in the hospitality sector, enhancing their operational efficiency and revenue potential. The company is a subsidiary of Oravel Stays Private Limited and is recognized for its commitment to delivering quality services comparable to those of five-star hotels while remaining accessible to a broader audience.

YaoChuFa

Series C in 2014
YaoChuFa, established in October 2011, operates an online tourism service platform focused on providing comprehensive travel packages for urban and regional tourism. The company specializes in one-day travel itineraries centered around major cities and their neighboring areas, featuring carefully selected boutique resorts, specialty restaurants, and access to popular tourist attractions. YaoChuFa's offerings are designed to maintain high-quality standards, typically rated 4-5 stars, ensuring a premium experience for families and parents traveling with children. The platform aims to deliver economical, convenient, and satisfying tourism products and services, including transportation, accommodation, and travel planning, catering to the leisure and entertainment needs of the public.

OYO

Seed Round in 2014
OYO Hotels and Homes Pvt Ltd. is a hospitality company based in Ahmedabad, India, that was founded in 2013. The company specializes in owning and operating a network of hotels, homes, and living spaces, which are available for booking through its mobile application. OYO aims to provide affordable and comfortable accommodation options, catering to both budget-conscious travelers and those seeking premium experiences. By offering technology-driven solutions, OYO empowers entrepreneurs and small business owners in the hospitality sector, enhancing their operational efficiency and revenue potential. The company is a subsidiary of Oravel Stays Private Limited and is recognized for its commitment to delivering quality services comparable to those of five-star hotels while remaining accessible to a broader audience.

Lvmama

Series C in 2011
Lvmama is a prominent e-tourism platform based in China, specializing in both domestic and international travel services. Founded in 2008, the company initially focused on DIY tour services but has since evolved into a comprehensive tourism website. Its offerings include hotel reservations, ticket bookings, tour planning, and visa applications, catering to a diverse range of travel needs. Lvmama features over 6,000 scenic spots and resort hotels, as well as collaborations with numerous domestic and international tourism bureaus and airlines. The platform supports various travel formats, including group tours and long-distance travel, and is accessible across all provinces in China, as well as in more than 50 countries and regions worldwide.

Tuniu

Series C in 2011
Tuniu Corporation is an online leisure travel company based in Nanjing, China, founded in 2006. It specializes in offering a wide array of packaged tours, including organized and self-guided options, tailored for leisure travelers. The company provides comprehensive travel-related services such as ticket sales for tourist attractions, visa applications, accommodation reservations, and transportation options, including air, train, and bus tickets. Tuniu also offers car rental and insurance services, along with advertising solutions for tourism boards. The company's products and services are accessible through its website, mobile platform, and a network of offline channels, which includes call centers and retail stores across China. With over 550,000 stock keeping units covering more than 140 countries, Tuniu aims to enhance customer experience and expand its market presence by diversifying its offerings and investing in technology.

Lvmama

Series B in 2010
Lvmama is a prominent e-tourism platform based in China, specializing in both domestic and international travel services. Founded in 2008, the company initially focused on DIY tour services but has since evolved into a comprehensive tourism website. Its offerings include hotel reservations, ticket bookings, tour planning, and visa applications, catering to a diverse range of travel needs. Lvmama features over 6,000 scenic spots and resort hotels, as well as collaborations with numerous domestic and international tourism bureaus and airlines. The platform supports various travel formats, including group tours and long-distance travel, and is accessible across all provinces in China, as well as in more than 50 countries and regions worldwide.

Via.com

Venture Round in 2010
Via.com, formerly known as FlightRaja, is India's largest travel services company, operating across over 1,700 cities. The company provides an online travel platform that offers a wide range of travel products including air travel, train tickets, hotels, holiday packages, buses, car rentals, insurance, mobile recharges, money transfers and bill payments. Via.com enables customers to manage their travel needs efficiently while helping them reduce travel expenses.

Via.com

Venture Round in 2009
Via.com, formerly known as FlightRaja, is India's largest travel services company, operating across over 1,700 cities. The company provides an online travel platform that offers a wide range of travel products including air travel, train tickets, hotels, holiday packages, buses, car rentals, insurance, mobile recharges, money transfers and bill payments. Via.com enables customers to manage their travel needs efficiently while helping them reduce travel expenses.

Via.com

Venture Round in 2007
Via.com, formerly known as FlightRaja, is India's largest travel services company, operating across over 1,700 cities. The company provides an online travel platform that offers a wide range of travel products including air travel, train tickets, hotels, holiday packages, buses, car rentals, insurance, mobile recharges, money transfers and bill payments. Via.com enables customers to manage their travel needs efficiently while helping them reduce travel expenses.
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