Traveloka confident of recovery after securing $250m new funding

Travel-booking platform Traveloka has raised $250 million in its latest funding round, providing the company with enough cash to steady its footing and bounce back after the Covid-19 pandemic. Traveloka said a "global financial institution" led the funding round. At the same time, existing investors like EV Growth, a venture capital-backed by Indonesian conglomerate Sinar Mas, also took part in the round. Ferry Unardi, Traveloka's co-founder and chief executive officer, said the pandemic had brought the company's business down to its lowest point.

July 30 2020, The Jakarta Globe - Read 17 times

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