Traveloka eyes $250M fundraise at decreased valuation
July 8, 2020
Jakarta-based online travel startup Traveloka is in talks to raise $250 million from investors including Siam Commercial Bank, FWD Group, GIC and East Ventures, according to Bloomberg. The round would reportedly value the company at $2.75 billion, down from its most recent private valuation, which a PitchBook estimate pegs at about $4.1 billion. Traveloka is also backed by Expedia, JD.com and Sequoia.