Indonesia’s Travelio secures $4m Series A round led by Vynn Capital

The Travelio team

Indonesian travel platform Travelio has secured a Series A financing of $4 million in a round led by Vynn Capital, the startup has announced in a statement.

Also joining the oversubscribed round were Insignia Ventures Partners, Fenox Venture Capital, IndoGen Capital and Stellar Capital.

“The team’s understanding of the emerging trends of the travel and hospitality industry has allowed the company to grow and gain support from existing players. At this stage, we also welcome any property players looking to utilize innovation as a main driver for growth through potential collaborations with us,” said Vynn Capital Managing Partner Victor Chua, who is a former Vice President of Travelio’s previous lead backer, Gobi Partners.

Founded by Hendry Rusli, Christina Suriadjaja and Christie Tjong in 2015, Travelio was launched as a platform where travelers can search through a wide range of accommodation including apartments, villas, houses, and hostels. Users can set their own rates and send personalized offers to property owners.

The Jakarta-based company now has more than 4,000 listings on its platform and hosts a team of more than 80 employees.

With the new set of investors and fresh funds, Travelio says its near term priorities are growth acceleration, talent acquisition, product innovation, and new verticals.

Travelio developed Indonesia’s first VR camera based instant monthly booking platform that brings all the offline tenant experiences transparently online. This has simplified the process of renting a property, such as viewing, appointment management, negotiations, paperwork and payments.

In Indonesia, it competes in an industry currently still dominated by unicorn Traveloka, with other sites like PegiPegi and AiryRooms also fighting for the travel market pie.

Travelio’s raised its pre-series A funding round at $2 million in 2016. It used the proceeds to expand accommodation offerings, product development, widen market reach, and increase new hires.

Also Read:

Indonesia: Traveloka raises $500m from Expedia, East Ventures, JD, others

Vynn Capital bullish on early stage bets as growth funding matures in SE Asia

Indonesia: Gobi Partners leads $2m pre-series A round for Travelio

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.