GIC Leads Investment Round in Traveloka
Posted on 04/11/2019
Singapore’s GIC Private Limited led a funding round in Traveloka, an online travel portal from Indonesia. This funding round raised US$ 420 million.
In November 2018, Traveloka’s co-founder and Chief Technology Officer Derianto Kusuma resigned from the company, “this game is no longer for me” in an article post on the publishing site Medium.
In 2017, Expedia invested some US$ 350 million in Traveloka for a minority stake in the company. Other investors in Traveloka include East Ventures, Hillhouse Capital Group, JD.com, and Sequoia Capital. Traveloka was founded in Indonesia in 2012.
