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

by Felicia Calle

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.

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