US travel giant Expedia has invested $350m in Indonesian start-up Traveloka. The investment brings the latter’s valuation to more than $1bn, meaning it joins the region’s unicorn club, which includes SEA Group, Grab, Go-Jek and Lazada. As part of the investment deal, Expedia has acquired a minority stake in the online travel portal. As part of the deal, Traveloka has raised an extra $150m from larger companies such as JD.com and Sequoia Capital.
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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