Wednesday, August 12, 2020

In brief: Indonesia’s Online Travel Agency Traveloka secure US$420M in funding

Must Read

Singapore’s best web hosting providers in 2020: Exabytes SG’s VPS plans

When you want to be able to ensure your website is always up and running, you need...

How to choose the best cordless vacuum cleaner for your Singapore home [Infographic]

Having a cordless vacuum cleaner is no longer a high-tech dream. In fact, most of the newest...

BenQ entertainment 4K monitors unfold dark drama with the world’s first HDRi immersion technology, ideal for gaming

BenQ, a globally renowned provider of digital lifestyle devices, today introduced five brand-new monitors in the Entertainment...
Felicia Calle
Felicia Calle
Australia | Felicia's fascination with tech began in the 90s, and she loves to update readers on the best tech deals on the internet. When she’s not writing, you’ll find her travelling around the world.

Singapore’s sovereign wealth fund GIC led a funding round with Traveloka, an online travel agency from Indonesia. The online travel unicorn has raised US$420 million in funding.

  • This announcement was following after a Bloomberg report citing multiple people privy to the development of talks to raise US$400 million in late last year.
  • The company plans to use the investment to push beyond traditional airline tickets and hotel bookings into activities for travelers like concerts or amusement parks.
  • More than a year ago, global online travel agency Expedia invested US$350 million primary minority investment into Traveloka. Its other investors include East Ventures and Global Founders Capital.
  • Traveloka provides flights, hotels, and trains booking services, besides offering tour packages for attractions and activities.
  • The company has established partnerships with over 100 domestic and international airlines, serving more than 200,000 routes worldwide.
  • It also has a direct accommodation inventory, ranging from hotels, apartments, guest houses, homestays, to villas and resorts.
- Advertisement -
- Advertisement -

Latest News

The best mobile games of 2020 (so far)

Even though there's a global pandemic going on, the mobile game industry managed to go strong. Since...

Fantech UX1 HERO: Elite performance gaming mouse

In the past, when some of us heard of a gaming mouse, what came in mind was a bulky and uncomfortable mouse....

The future of start-up investment: Post COVID-19

With the ongoing coronavirus pandemic and the exacerbation of the economic recession, start-up companies are faced with the reality that securing investments...

Top 10 laptops for 2020: XPS, Chromebook, MacBook and more!

There are thousands of laptops out there, and the best for you depends on your needs and the investment you are willing...

New Combat Mode Path of Glory arrives in Black Desert Mobile

Pearl Abyss announced that Path of Glory, a brand-new combat mode, is now available in Black Desert Mobile. This tower defense-esque mode...
- Advertisement -

More Articles Like This