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

By Antonia Timmerman

August 30, 2016

Indonesian travel platform Travelio has raised $2 million in a pre-series A investment round led by Shanghai-based VC Gobi Partners. Funding will be used to expand accommodation offerings, product development, widen market reach, and increase new hires.

“This is a milestone for Travelio, from a conventional company to one that opens itself for other opportunities,” Director of Travelio, Christina Suriadjaja said.

Existing investor PT Surya Semesta Internusa Tbk (SSIA), Singapore’s Anthill Ventures, executives from Kuok Group, and China-based angel investors Zhenzhen Sun, Partner of Proxima Ventures and Tian Gu, and CEO of Travel+Leisure Magazine also participated in the round.

Travelio was launched in 2015 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.

Hendry Rusli, director of Travelio said, the company plans to double its listings in Indonesia as well as other countries.

“Funding from Gobi Partners will allow us to achieve sustainable growth. We also have strong partnerships with notable hotels such as ShangriLa, Banyan Tree, and Melia,” Rusli said.

The platform currently has over 12,000 accommodations in 14 countries including Indonesia, Singapore, Malaysia, Thailand, the Philippines, Vietnam, China, Japan, South Korea, Hong Kong, Taiwan, Macau, Australia and New Zealand.

Also Read:

Indonesia Dealbook: Government, Kadin launch SME marketplace, Traveloka adds new feature

Indonesia: KREN ventures into travel e-commerce biz by acquiring 30% in ICI

Uber for Business launches in Indonesia. Service lets company pick up tab for staff travel

Indonesia: Kresna buys 35% stakes in OTT operator Arjuna Indotech

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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.
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