Travelio Announces Series B Funding Worth of 253.8 Billion Rupiah

Travelio Announces Series B Funding Worth of 253.8 Billion Rupiah

Funding was led by Pavilion Capital and Gobi Partners, participated by the previous investors
travelio
travelio

A technology property (proptech) startup, Travelio, today (11/14) announced series B funding worth of $18 million or around 253.8 billion Rupiah. This round was led by Pavilion Capital and Gobi Partners. Participated also the previous investors, including Vynn Capital, Insignia Ventures Partners, IndoGen Capital, and PT Surya Semesta Internusa Tbk.

Travelio was founded by Hendry Rusli, Christina Suriadjaja, and Christie Tjong, with services of apartment and house rent that is said to reach various cities in Indonesia. The tenants have options for daily, monthly, or yearly stay.

Previously, the company has secured Series A funding in mid-2018 worth of 56 billion Rupiah. This year, they become part of Gojek Xcelerate, a business accelerator program held by Gojek.

The fresh money will be focused on accelerating business growth, with the ambition to be the leading player for the online real estate platform in Indonesia. It is to be realized through marketing improvement, talent acquisition, and the new vertical development to serve tenants and landlords.

The new product is currently in development for interior design platform, tenant’s daily needs, payment transaction, and logistics. The innovative step is necessary for Travelio amidst the tight competition in the related landscape.

Indonesia’s property business dynamic is expanding, following the urban needs of temporary residence. Recently, 99.co decided to create a joint venture with REA Group, signed a synergy with the Rumah123 platform in Indonesia. Previously, 99.co has acquired UrabnIndo and merged the property listing to its service.


Original article is in Indonesian, translated by Kristin Siagian

Application Information Will Show Up Here

DailySocial.id adalah portal berita startup dan inovasi teknologi. Kamu bisa menjadi member komunitas startup dan inovasi DailySocial.id, mengunduh laporan riset dan statistik seputar teknologi secara cuma-cuma, dan mengikuti berita startup Indonesia dan gadget terbaru.

ENGLISH
Artikel Populer
x
Minerva | Maximize
3

Minerva is typing…