Traveloka Raises $250 Million for Online Travel: Travel Startup Funding This Week
Photo Credit: Traveloka's head office in Jakarta. Traveloka
Skift Take
Jakarta-based agency Traveloka, South Korea-based agency MyRealTrip, and Colombia-based agency Awake Travel are among the travel startups that together announced more than $297 million in funding this week.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
This week, travel startups announced more than $297 million in funding.
A side note, first: Ritesh Agarwal, the founder and CEO of hospitality company Oyo, said this week he had co-founded an early-stage venture capital firm, Aroa Ventures. The firm, based in Singapore, will invest in a variety of startups, not just ones in travel and lifestyle.
Here are this week's funding stories.
>>Traveloka, an online travel agency based in Jakarta, Indonesia, said it had raised $250 million in fresh funding. The company has hinted this funding would come for more than a year.
Traveloka, founded in 2012, has tended to keep details quiet about its financing, and it did not reveal who led this round, Reuters reported. But Nikkei cited media reports that Qatar Investment Authority led the round. The company has officially raised $750 million to date from investors including Hillhouse Capital, Sequoia Capital, Expedia Group, and JD.com. It's one of the world's 10 best-funded travel st
