Indonesian Travel Startup Valued at $2 Billion After Expedia Deal
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Traveloka Holding Ltd. raised $400 million in a funding round led by Expedia Inc. that conferred a $2 billion valuation on Indonesia’s largest online travel startup, a person familiar with the matter said.
The person asked not to be identified discussing private information. Expedia said it was contributing $350 million to Traveloka’s financing round, a major investment into a five-year-old startup backed by China’s JD.com Inc., Sequoia Capital, East Ventures and Hillhouse Capital. That brought the total amount the company has raised in the last two rounds in the past year to $500 million, Expedia said. Traveloka representatives weren’t immediately available for comment. The Information first reported on its valuation.