Home Startups Startups News In brief: Indonesia's Online Travel Agency Traveloka secure US$420M in funding

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

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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.
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.

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