Indonesia’s largest online travel company Traveloka has raised $500 million in two rounds of funding from American travel firm Expedia, China’s JD.com, East Ventures, Hillhouse Capital Group, and Sequoia Capital. Expedia provided $350 million while the others supplied the remaining $150 million in a separate round.
The deal values Traveloka at around $2 billion, according to an executive familiar with the development and affiliated with the company, who did not wish to be named.
