Indonesian Travel Startup Seeks to Raise Funds Valuing Company at $4.5 Billion

The Wall Street Journal | July 29, 2019

Traveloka, one of the largest online travel companies in Southeast Asia, is in talks to raise fresh funds that could value the Indonesian startup at as much as $4.5 billion, according to people familiar with the matter.Traveloka, which counts global travel company Expedia Group Inc., Chinese e-commerce giant JD.com Inc. and venture-capital firm Sequoia Capital among its investors, is looking to raise $500 million in its latest funding round, the people said.

Spotlight

Smart technologies reach into almost all aspects of life nowadays, although they are often not yet noticed by users and taken as a given in a lot of cases. This research project is concentrated on the iBeacon technology which is still rather new to the industry and there is consequently also not much existing research yet about the connection between these products and the degree to which they actually enhance the customer experience.

Spotlight

Smart technologies reach into almost all aspects of life nowadays, although they are often not yet noticed by users and taken as a given in a lot of cases. This research project is concentrated on the iBeacon technology which is still rather new to the industry and there is consequently also not much existing research yet about the connection between these products and the degree to which they actually enhance the customer experience.

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