Traveloka operates a travel platform serving about 50 million users, offering end-to-end travel products and financial services such as PayLater and insurance. The company emphasizes a seamless, connected travel experience and partners with tourism boards and global organizations to support recovery and drive demand. Traveloka built PayLater in-house using proprietary data and AI/ML to model creditworthiness, and supports multiple payment methods including bank transfers, credit cards, PayPal and internet banking. It has taken leadership roles in regional initiatives, including coordinating a G-20 digital economy working group and partnering with the Global Sustainable Tourism Council to promote sustainable tourism and train hoteliers. Market dynamics vary across Southeast Asia—Traveloka said its business doubled in Vietnam compared to pre-pandemic levels and noted airline seat capacity in Vietnam has grown more than 30%—and the company plans to deepen localized offerings and expand partnerships across the region. The company intends to expand PayLater and insurance penetration, roll out sustainability training in additional markets, and continue investing in product relevance and global partnerships. Traveloka is an Indonesia-based online travel and lifestyle company that began as an online travel and accommodation platform and has developed into a superapp. It now offers bookings for travel, tourism, healthcare, financial services products and food delivery. The company operates in Indonesia and has a presence in Singapore, Malaysia, Vietnam, Thailand and the Philippines. Traveloka has raised a total of $1.2 billion to date and was last valued at $3 billion. After a planned SPAC deal did not proceed, the company was reported to be in talks for another funding round of more than $200 million and has explored a traditional U.S. IPO. Traveloka says it aims to expand services and collaborate with partners to capture regional demand and create opportunities for merchant partners. Traveloka is an Indonesia-based online travel portal and aggregator offering flights, hotels, activities and other travel & lifestyle services. The company has launched initiatives to adapt to COVID-19, including flights that bundle COVID-19 tests, flexible open-date vouchers (‘Buy Now Stay Later’), online experiences, flash sale livestreams and standardized hygiene protocols for bookable accommodations. Traveloka has shifted focus toward domestic and short‑hop travel and plans to deepen its Travel & Lifestyle portfolio and expand financial services offered to ecosystem partners. The pandemic severely hit the business — Traveloka says it has experienced the lowest business rate since its inception — but reports improving demand: Vietnam is approaching pre-COVID-19 levels, Thailand is “on its way” to surpassing 50%, and Indonesia and Malaysia show week-to-week improvement, especially in accommodation. The company was founded in 2012 and had previously raised roughly $950M across five funding rounds prior to this latest injection. Traveloka is an online travel portal founded in Indonesia in 2012 that serves Indonesia, Thailand, Malaysia, Singapore, Vietnam and the Philippines. The platform sells travel products and accommodations and has partnered with Expedia to add international hotel inventory beyond Asia. Expedia invested $350 million for a minority stake, valuing Traveloka at more than $1 billion. Traveloka also raised an additional $150 million over the past year from investors including East Ventures, Hillhouse Capital Group, JD.com and Sequoia Capital. Prior financing included seed rounds from East Ventures and Rocket Internet’s Global Founders Capital, and its most recent public round was in 2013. The new capital and the Expedia partnership position Traveloka to expand international hotel offerings across its six primary Southeast Asian markets.

Total raised

$900M

Funding rounds

4

Latest round

Equity

Latest activity

Jan 2023