image : Traveloka

Indonesian travel unicorn Traveloka has now been reported to be in talks to raise $400 million in fresh funding to accelerate expansion of its service beyond traditional hotel bookings and airline tickets offerings into activities like concerts and amusements for travelers as per Bloomberg’s report.

If this goes through, This will add to  Traveloka’s vast amount already raised after having raised about $500 million from various investors which include travel giant Expedia, Sequoia Capital, JD, East Ventures and Hillhouse Capital.

Traveloka was last valued at $2 billion from its most previous investment marking it as one of the top startups in the Indonesian region alongside ride-hailing giant Go-Jek and several others. Just last month, Go-Jek was reported to be raising at least $2 billion in fresh funding marking another notable startup from the Indonesian space taking on expansion into other regions while investing heavily in its services.

The South East Asian online travel market is expected to triple from $26.6 billion last year to $76.6 billion in 2025 as per a report by Google and Temasek Holdings which indicates high growth of the travel market for this region where Traveloka’s operations are centered.

Traveloka currently operates in the Malaysian, Indonesian, Philippines, Thailand, Singapore and Vietnam markets.

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