The size of the funding round is significantly larger than the previously discussed target of about US$200 million that Bloomberg News reported in June. Traveloka, backed by investors including GIC Pte and Expedia Group Inc., is considering an initial public offering in the US or in Indonesia, according to a person familiar with the matter, who asked to remain anonymous discussing a private matter.
Traveloka has secured US$300 million ($432.4 million) in new financing from investors including BlackRock Inc., as Southeast Asia’s biggest online travel startup counts on a post-Covid rebound to expand in the region.
The Jakarta-based company said in a statement Thursday it struck a deal for financing with investors including Allianz Global Investors and the Indonesia Investment Authority.
