Serko to raise $85m as losses widen

Wed, 24 Nov 2021

Serko has announced it will raise $85 million to help prepare the company for an eventual return to business travel in international markets.The travel booking software company announced on Wednesday its total operating revenue climbed 81% to $9.2m in the half year ended September.However, its losses widened as it continued to invest in the platform and expand into international markets.The company reported a net loss 50% wider than the previous financial year at $15.2m and an earnings loss of $11.8m, widening from $6.7m.Serko said this reflect...

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