Traveloka is Reportedly Seeking New Funds of 6 Trillion Rupiah

Traveloka reported is raising up to $400 million (or equivalent to 6 trillion Rupiah) from investors to accelerate expansion plans. In addition, investment is also needed to encourage the improvement of secondary services (beyond booking travel and hotel tickets), such as tickets for concerts or entertainment events.

Currently Traveloka services have accommodated consumers in various countries. Armed with more than 40 payment options, apart from Indonesia, Traveloka is now also serving the markets of Thailand, Vietnam, Malaysia, Singapore, and the Philippines. Traveloka's service ecosystem also continues to grow rapidly, lastly they entered the business car rental and loan options PayLater.

Last year Traveloka officially joined the startup ranks unicorn Indonesia after receiving investment from Expedia worth $350 million -- bringing the company to a valuation of more than $2 billion. Apart from Expedia, Traveloka's investors include East Ventures, Hillhouse Capital Group, JD.com, and Sequoia Capital.