South-East Asia's biggest travel app Traveloka raises US$250mil as lockdowns ease


An employee of Traveloka is on duty at the company's headquarters in Jakarta, Indonesia. Traveloka, South-East Asia’s largest online travel app, announced on Tuesday it had raised US$250 million to help bolster its operations amid the coronavirus crisis

SINGAPORE July 28 (Reuters): Traveloka, South-East Asia’s largest online travel app, announced on Tuesday it had raised US$250 million to help bolster its operations amid the coronavirus crisis, and as domestic travel starts to pick up in the region of 650 million people.

The eight-year-old startup said its funding round was led by a "global financial institution" and included existing investors, such as early backer East Ventures.

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