July 07 2020, 3:01 PM July 10 2020, 6:33 AM. Traveloka CEO plans US listing via SPAC in 2021. The 9-year-old Indonesian company, which counts . LONDON: Red Bull-backed Thai racer Alex Albon will return to Formula One next season as a Williams driver alongside Canadian Nicholas Latifi, the British-based team announced on Wednesday. Indonesian travel unicorn Traveloka is in advanced talks for public listing via special purpose acquisition company (SPAC) merger with billionaires Richard Li and Peter Thiel sponsored Bridgetown . We explore how Grab is leading fintech disruption in Southeast Asia The Indonesia unicorn company, Traveloka, provides airline and hotel booking services, and their success has led to a valuation listing of $5 billion US with a SPAC . (Bloomberg) -- Traveloka, Southeast Asia's biggest online travel startup, is close to raising fresh funds at a private-market valuation of about $2.75 billion -- roughly 17% less than its most recent fundraising, according to people familiar with the matter.The Jakarta-based firm is in advanced negotiations with new strategic investors such as Siam Commercial Bank Pcl and Richard Li's FWD . Founded in 2012, Traveloka has raised at least $1.2 billion in known funding, per Crunchbase data. Buy or sell Traveloka stock. Traveloka also focuses on services in the lifestyle and financial sectors. Also, there are seven products related to finance, namely insurance, points, paylater, digital wallet through Uangku, top-up balances, connectivity and data, and international data plans. Traveloka, Southeast Asia's largest online travel startup, plans to launch financial services in Thailand and Vietnam as it eyes a U.S. listing through a blank-cheque company, its president said. Investors including Expedia Group Inc. (NASDAQ: EXPE), Rocket Internet SE, Singapore's sovereign wealth fund GIC Pte, and JD.com Inc (NASDAQ: JD) drove Traveloka's valuation over the years . Readers will follow the 15 personal power-ups the author used to transform himself from academic and social failure to wildly successful marketing entrepreneur and podcaster--by applying his mindset as a competitive eSports gamer to real ... Even so, Ferry is optimistic that his company will rise again with the rapid adjustment of business strategy. "SPAC is very efficient in terms of . A Traveloka representative declined to comment. traveloka valuation : Related News. Traveloka is now the largest online travel agency in Indonesia. The travel industry is witnessing a sharp decline in business since the spread of the coronavirus. The price you see is the price you pay. "Traveloka plans US listing via SPAC in 2021" Start sharing now. The primary fundraising will be at a $2.75 billion valuation, while a secondary sale will be at $2.4 billion, one of the people said. This website uses cookies to improve your experience while you navigate through the website. (Bloomberg) -- Traveloka, Southeast Asia's biggest online travel startup, is close to raising fresh funds at a private-market valuation of about $2.75 billion -- roughly 17% less than its most recent fundraising, according to people familiar with the matter. Then there are four surrounding the inn. Online travel search engine operator Traveloka is in advanced discussions to go public via a merger with Bridgetown Holdings, a SPAC managed by billionaires Peter Thiel and Richard Li, Bloomberg reported.. With the impact of the pandemic pummeling the travel industry worldwide, Traveloka was said to be close to raising funds last July at a lower valuation than its previous funding rounds. Nevertheless, Traveloka might grow—and rebound post-pandemic—considerably if its IPO showing is appealing. 1 Travel App Jumps on Fintech Bandwagon. It has also cut an unspecified number of roles since the start of the outbreak, including about 80 jobs in Singapore last April. In April, this unicorn will provide the XERU Window video content feature on the Traveloka Xperience platform. Traveloka, Southeast Asia's biggest online travel startup, is planning to list in the US this year to raise funds using a special purpose acquisition company, known as SPAC, according to Chief Executive Offer Ferry Unardi. Traveloka, Southeast Asia's biggest travel app, plans regional fintech expansion before 2021 listing FILE PHOTO: An employee of Traveloka works at the company's headquarters in Jakarta, Indonesia . Founded by Ferry Unardi and two of his friends in 2012, Traveloka is the fourth Indonesian start-up to become a Unicorn. Found insideThis volume covers the latest insight from the International Business discipline on prevailing trends in business model evolution. It also discusses critical issues of regulation in the new information and digital space. Found inside"This Report aims to inspire and guide the researchers and practitioners who can help advance a new set of development approaches based on a fuller consideration of psychological and social influences." - p. 2 Right now, only 30% of Traveloka's Thai customer base and 6% of Indonesia's entire population (of 270 million) own a credit card. By Fanny Potkin and Anshuman Daga. Unardi said that Traveloka’s travel business is already back in profit amid looser restrictions. This report, published by the OECD's International Futures Programme in co-operation with the Bob Hawke Prime Ministerial Centre in Australia, aims to stimulate informed debate about the main integration issues facing the Asia-Pacific ... No hidden fee. It has expanded across Southeast Asia, making it easier for consumers to book flights and hotels across countries. It has also cut an unspecified number of roles since the start of the coronavirus outbreak, including about 80 jobs in Singapore last April. South East Asian online travel startup Traveloka announced plans to launch buy now, pay later services in Thailand and Vietnam to its 40 million active monthly users. Yoolim Lee, Bloomberg News. Mga pamilya nagdiwang ng Father's Day sa mga pasyalan, mall. 16 Feb 2021 at 14:31. Investors including Expedia Group Inc, Rocket Internet SE, Singapore’s sovereign wealth fund GIC Pte, and JD.com has helped boost Traveloka’s valuation over the years. Traveloka. This collection of articles, videos, interviews, and slideshares highlights the most important lessons for companies looking to turn data into above-market growth: Using analytics to identify valuable business opportunities from the data to ... Overview Financings Valuation. 10, 2021 - Indonesia's Bukalapak launches up to $1.5 . This category only includes cookies that ensures basic functionalities and security features of the website. The Bangkok Metropolitan Administration (BMA) launched on Wednesday a pilot bus service to ensure that the elderly and other vulnerable groups in the capital are vaccinated against Covid-19, underscoring the country's push to speed up its inoculation campaign. Found insideThis book examines the challenges faced by emerging market multinationals as they develop their international operations and proposes actionable solutions. During this strategy, the company also received funding even during a crisis due to the pandemic. Traveloka, Southeast Asia's largest online travel startup, is planning to go public in the U.S. this year via a special purpose acquisition company, its chief executive told Bloomberg. (Bloomberg) -- Traveloka, Southeast Asia . Domestic and regional lifestyle activity partners, as well as restaurants, have even had to temporarily close business operations due to the Covid-19 pandemic. "This book examines the process of transformation as it relates to the tourism industry, and the changes to that industry from modern electronic communications. Then there are five services regarding lifestyle, such as booking tickets to watch movies at the cinema, Traveloka Xperience, restaurants, city guides, and vouchers. Last July, Ferry said that consumer demand dropped drastically, while refunds jumped significantly. The 9-year-old Indonesian company, which counts Expedia and China's JD.com among its backers, is seeing a strong rebound in its business after the Covid-19 pandemic pummelled demand. Traveloka, which has had its business hammered by the coronavirus fallout, is one of the first unicorns in Southeast Asia to experience a down-round -- raising funds at a lower valuation than the previous funding round. Domestic travel is driving recovery," he said. Traveloka is getting closer to going public through a special purposes acquisition company (SPAC) that could value the Indonesian online travel startup at $5 billion . Thank you for subscribing our enewsletter. Their most recent acquisition was Travel Book on Dec 17, 2018. That which reflects his political acumen, intellect, and hardwork? Or the one that unveils the person who introduced Andhra Pradesh to India? This book attempts to show how Naidu has been a quintessential survivor in Indian politics. This collection of papers presented at the ENTER 2008 Conference represents cutting-edge research on "eTourism: The View from the Future". Traveloka's president said in an interview to Reuters that the startup . In The Customer Funded Business, best-selling author John Mullins uncovers five novel approaches that scrappy and innovative 21st century entrepreneurs working in companies large and small have ingeniously adapted from their predecessors ... In an interview with Bloomberg TV, Traveloka CEO Ferry Unardi cited the efficiency and speed of a SPAC listing. Traveloka considers SPAC option as it plans to go public; Eyeing a valuation of US$6B, Traveloka president Henry Hendrawan had previously stated that the company is considering the possibility of a dual listing in Indonesia and other country such as the US; East Ventures Managing Partner Willson Cuaca, who is an investor at Traveloka, stated that the company will be profitable by 2021. This resulted in the business falling to an unprecedented low since it was founded. . The company’s efforts to maintain financial stability are in line with the plan to offer an initial public offering (IPO) in 2021 to 2022. However, this is if the travel industry recovers at least 50% compared to before the corona pandemic. Missing BloombergQuint's WhatsApp service? "Indonesia's Traveloka is in talks with investors to raise as much as US$400 million in private investment in . . “SPAC is very efficient in terms of timing and for a growing company like us,” Unardi told Haslinda Amin and Rishaad Salamat in an interview with Bloomberg Television on Tuesday. To learn more about our cookie policy or withdraw from it, please check our, ESRI Malaysia awards PETRONAS with Special Achievement in SAG Award, Insurance Startups Gain Profits during the Corona Pandemic, Unique Startups Are Preferred by Today’s Investors, Indonesian Government Collaborates with Bukalapak Startup to Empower Pesantren-Based SMEs, Startup Chatbot Kata.ai Developed New Products and Look for Funding, Aruna, Bobobox, and Halodoc Won 2019 Tempo’s Selected Startups, 8 Tips to Build a Startup Business for Beginners, 7 Considerations before Choosing a Startup Office, 7 Tips for a Successful Startup You can Try, 7 Startup Incubators to Help You Accelerate Your Business, 6 Startup Sectors Targeted by Investors in New Normal. Between 2015 and 2018, online travel booking grew at a 15% CAGR driven by airline and hotel bookings, to a size of $30 billion in 2018.

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