How Traveloka, Waresix convinced new investors to back them amid pandemic

Clockwise from top left: Andree Susanto, Co-founder & CEO, Waresix; Shotaro Tani, Indonesia Correspondent, Nikkei Asia; Joydeep Chakraborty, Chief Strategy Officer, Traveloka

Indonesia’s travel booking unicorn Traveloka’s latest funding round, in which it raised $250 million, was “the toughest” in the company’s history, said the company’s chief strategy officer at the Asia PE-VC Summit 2020 last week.

The funding, which saw backing from only one new investor — an undisclosed global financial institution that also led the round — was sealed in July, even as the company faced huge headwinds from the coronavirus outbreak.

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