Indonesia Investment Authority Leads Investors in Providing Financing Facility for Traveloka

Posted on 09/29/2022

Indonesia Investment Authority (INA), BlackRock Inc. (through a private credit fund it manages), Allianz Global Investors (through funds managed by them), Orion Capital Asia (through funds and accounts managed by them), and other financial institutions have signed an agreement to provide a financing facility of US$ 300 million to Jakarta-based online travel agent Traveloka. Traveloka is Southeast Asia’s travel and lifestyle platform and it provides users access to discover and purchase a wide range of travel, local services, and financial services products. Traveloka’s comprehensive product portfolio includes transport booking services such as flight tickets, bus, trains, car rental, airport transfer, as well as access to the largest accommodation inventory in Southeast Asia, including hotels, apartments, guest houses, homestays, resorts, and villas, making Traveloka a booking platform with the widest selection of accommodation and packages.

The financing round attracted significant interest from a number of long-term capital providers, resulting in an oversubscribed transaction.

Traveloka had been in talks to be acquired by a special purpose acquisition company (SPAC). The Indonesian unicorn decided to not merge with the SPAC Bridgetown Holdings in September 2021. Bridgetown Holdings is backed by billionaires Richard Li and Peter Thiel.

Keywords: Allianz SE.

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