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.