Traveloka raised US$420 million in a funding round led by Singapore’s sovereign wealth fund, GIC, people familiar with the matter said. Existing investors also participated, says DealStreetAsia.
The fresh funds will help enable Traveloka to become the region’s “travel super app” as it looks to further expand into tours and activities as well as food and lifestyle services.
In October 2018, Traveloka was reportedly seeking to raise US$400 million from new and existing investors to accelerate its growth.
The company raised US$350 million from US online travel giant Expedia in 2017.
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