Indonesia: Traveloka raises $500m from Expedia, East Ventures, JD, others

A tourist drinks a bottle of beer during sunset at Seminyak beach, near Kuta, on the resort island of Bali, in this photo dated March 3, 2015. Reuters.

Indonesia’s largest online travel company Traveloka has raised $500 million in two rounds of funding from American travel firm Expedia, China’s, East Ventures, Hillhouse Capital Group, and Sequoia Capital. Expedia provided $350 million while the others supplied the remaining $150 million in a separate round.

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