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Indonesian online travel unicorn Traveloka is targeting Thailand and Vietnam for launching financial services ahead of a possible IPO. Undaunted by Covid-19 related disruptions, Southeast Asia’s biggest online travel startup is eyeing moves into the financial…
Online travel giants Expedia and Booking.com are warning that budget airline pioneer, AirAsia Group, risks being destabilized by ambitious plans to become the “Amazon of travel”. AirAsia, which already offers limited travel plans on its website, plans to…
AirAsia has withdrawn its tickets from Traveloka. The move follows an incident in which the low-cost airline’s flights were unavailable on the sites of several online travel agents, namely Traveloka and Tiket.com. “As a group, AirAsia has discontinued the…
Indonesian unicorn startup Traveloka announced the resignation of its co-founder, Derianto Kusuma, from his position as chief technology officer on Tuesday. Derianto was one of three persons involved in the establishment in February 2012 of the online…
Jakarta-based online travel startup Traveloka is in talks with existing and new investors to raise about US$400 million in funding, citing multiple people privy to the development. The company intends to use the capital to “push beyond traditional airline…
An Indonesian tech venture capital fund backed by the country’s largest conglomerates will be launched within the next six months, Communications Minister Rudiantara said. “We, Indonesian investors, must immediately enter the tech market,” the minister said…
