Traveloka Reportedly Looking for Rp6 Trillion New Funding
To be used for expansion and product improvement besides flight ticket and hotel booking
Randi Eka - 6 October 2018
Traveloka reportedly raising funds to $400 million (equal to Rp6 trillion) from investors to accelerate expansion. Investment also needed to support the secondary service improvement (besides flight ticket and hotel booking), such as concerts or entertainment shows.
Currently, Traveloka has accommodated consumers in many countries. Providing more than 40 payment options, besides Indonesia, Traveloka is now available in Thailand, Vietnam, Malaysia, Singapore, and the Philippines. Traveloka ecosystem is developing rapidly, they recently get into new business for car rental and PayLater credit option.
Last year, Traveloka officially joined Indonesia's unicorn startup boards after acquiring investment from Expedia worth of $350 million - it takes the company to more than $2 billion valuations. In addition, Traveloka investors are also East Ventures, Hillhouse Capital Group, JD.com, and Sequoia Capital.
- Original article is in Indonesian, translated by Kristin Siagian