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handy

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Technology incubator based in hong kong that develops mobile solutions for travelers

Hong KongFounded 2012Travel
Valuation $1–2.5B Latest valuation · 2018
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for handy and the history behind them.

About handy

Handy, a mobile hospitality platform, was launched in September 2012 by founder and CEO Terence Kwok through his Hong Kong-based tech startup, Tink Labs. The company provided a complimentary smartphone service to hotel guests, aiming to enhance their travel experience. The core of the business was offering hotel guests a dedicated smartphone with free unlimited local and international calls, internet access, and a curated city guide. This service was particularly beneficial for international travelers seeking to avoid high roaming charges.

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The business model centered on partnering with hotels, who would subscribe to the service to furnish their rooms with the 'handy' devices. For the hotels, this was a value-added amenity that improved guest satisfaction and could lead to increased spending on hotel services through targeted promotions on the device. The service was available in three- to five-star hotels, with partners including prominent chains like Hyatt, Starwood, and Shangri-La. By late 2018, Handy devices were reportedly in over 600,000 hotel rooms across 82 countries.

Tink Labs secured significant funding to fuel its global expansion, raising over $170 million from investors such as Foxconn subsidiary FIH Mobile, Sinovation Ventures, and the founder of Meitu. At its peak, Tink Labs achieved a valuation of $1.5 billion. However, the company's trajectory shifted as the telecommunications landscape evolved. The widespread availability of affordable roaming, public Wi-Fi, and the rise of eSIM technology made the 'handy' phone's primary benefits less distinct. Faced with an unsustainable business model and high operational costs from its rapid expansion, Tink Labs ceased operations and terminated its services in most markets around August 2019.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2012
Headquarters
Hong Kong
Open positions
None listed
Dealroom signal
0.0/100
Industry
Travel
Sub-industry
Travel Analytics & Software
Sector
SaaS, Travel, Icarus: From Unicorn to Failure
Technology
Mobile app
Business model
SaaS
Client focus
b2c
Investment activity
1 company, latest Nov 2016
Capital deployed
Preferred round
ACQUISITION

Latest news

Press, funding announcements and product moves mentioning handy.

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Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Nov 2018 $300M $1.5B Undisclosed
LATE VCOther financing Sep 2016 $125M $500M Sinovation Ventures · FIH Mobile
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Growth signals

handy website traffic

Latest recorded traffic for handy is 1.3K monthly website visits, up 420% over the last three months.

Latest monthly visits1.3K 3-month web change+420%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

  • TCL Communication Technology Holdings Limited
  • FIH Mobile

Series B and later1 investor entered at this stage

Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇭🇰 Hong Kong HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about handy on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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