GIC Leads USD420 Million Investment in Traveloka

Source(s): DEALSTREETASIA | Author(s): Sarah Yuniarni

Indonesia-based online travel platform Traveloka has reportedly raised USD420 million in a funding round led by Singaporean sovereign wealth fund GIC. Existing investors in the company, including Hillhouse Capital Management, Sequoia Capital, East Ventures, Global Founders Capital,, and Expedia, also participated in the round. Traveloka will use the funds to boost its tour offerings and expand into food and lifestyle services.