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July 28, 2017 08:32 am GMT
Expedia is deepening its focus on Southeast Asia after it invested $350 million in Traveloka, an online travel portal based out of Indonesia. A source close to the deal confirmed that the investment values Traveloka at more than $1 billion. That means the startup has joined the likes of Grab, Sea (formerly Garena), Go-Jek and Lazada in the region’s unicorn club. Expedia said it has picked… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KLuuK8YHKMo/
Expedia invests $350M in Traveloka to create Southeast Asias newest unicorn
Expedia is deepening its focus on Southeast Asia after it invested $350 million in Traveloka, an online travel portal based out of Indonesia. A source close to the deal confirmed that the investment values Traveloka at more than $1 billion. That means the startup has joined the likes of Grab, Sea (formerly Garena), Go-Jek and Lazada in the region’s unicorn club. Expedia said it has picked… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/KLuuK8YHKMo/
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