Traveloka confirms US$250M fundraise, admits historic drop in biz activity due to COVID-19

The confirmation comes three weeks after Bloomberg reported that the Indonesian firm was in advanced talks with investors, including Siam Commercial Bank, FWD Group, GIC, and East Ventures, to raise US$250 million at about US$2.75 billion valuation — roughly 17 per cent less than its most recent fundraising. The new capital is expected to further strengthen the […] The post Traveloka confirms US$250M fundraise, admits historic drop in biz activity due to COVID-19 appeared first on e27.