Traveloka Holding Limited, a Southeast Asian online travel company, received a $350m primary minority investment from Expedia, Inc. (NASDAQ: EXPE).
Expedia’s investment in Traveloka is part of a broader a partnership on global hotel supply scale. Over the course of its last two funding rounds, East Ventures, Hillhouse Capital Group, JD.com and Sequoia Capital also contributed funding, bringing the total investment amount to approximately $500m within the last year.
Led by Ferry Unardi, Co-founder and Chief Executive Officer, Traveloka is a Southeast Asia online travel company that provides a wide range of travel needs in one platform. The company has established partnerships with more than 100 domestic and international airlines, serving more than 200,000 routes worldwide. It also has the largest direct accommodation inventory, varying from hotels, apartments, guest houses, homestays, to villas and resorts.
Traveloka provides more than 40 payment options for consumers in Indonesia, Thailand, Vietnam, Malaysia, Singapore and the Philippines, with 24/7 assistance from local customer service in their native languages.