Expedia has made a US$350 million primary minority investment in Indonesia-based OTA Traveloka, an investment that is expected to deepen both parties’ cooperation on global hotel supply.
East Ventures, Hillhouse Capital Group, JD.com and Sequoia Capital also contributed funding over Traveloka’s last two funding rounds, bringing the total investment amount to approximately US$500 million within the last year.
As Expedia continues growing its presence in Asia, Traveloka represents “the clear online travel leader in Indonesia, and is expanding aggressively throughout South-east Asia”.
Traveloka has partnerships with more than 100 domestic and international airlines, serving more than 200,000 routes worldwide. It also has the largest direct accommodation inventory and provides more than 40 payment options for consumers in Indonesia, Thailand, Vietnam, Malaysia, Singapore and the Philippines, with 24/7 assistance from local customer service in their native languages.