Indonesia's travel unicorn Traveloka said to secure $420m in funding

Indonesia's travel unicorn Traveloka said to secure $420m in funding

Indonesian online travel unicorn Traveloka has raised $420 million in a funding round led by Singapore’s sovereign wealth fund GIC and existing investors, a person familiar with the matter said.

The funding will support the Indonesian firm’s ambition to become the region’s “travel super app” with its ongoing expansion into tours and activities as well as new areas such as food and lifestyle services.

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