Indonesian traveltech unicorn Traveloka is said to be in discussion to raise a new funding round. The company aims to secure up to US$500 million or around IDR7 trillion, bringing its valuation to US$4.5 billion.
Reported by WSJ, the information included Traveloka’s plan to increase its regional expansion effort. There is no information yet on the identity of participating investors; the funding round is expected to be closed within the next months.
Report on the company’s latest funding round circulated in April. It entailed a private equity round led by GIC, which is said to value around US$450 million. There is a possibility that the US$500 million figure was also part of this funding round. Traveloka’s fundraising efforts have been widely reported since last year, in which the company was said to aim for US$400 million.
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