Traveloka Revenue, Valuation, Funding & Investors

Traveloka is valued at $2.8B as of July 2020, a 3.4x multiple on its last reported $814M revenue.

Last Traveloka valuation

$2.8B

Undisclosed stage · Jul 2020

Last Traveloka funding round

$250M

Undisclosed stage · Jul 2020

Traveloka revenue

$814M

Undisclosed stage · Jul 2020

Key investors in Traveloka

  • EV Growth
  • Sequoia Capital
  • East Ventures
  • Hillhouse Investment
  • GIC
  • Qatar Investment Authority

Traveloka Overview

About Traveloka

Traveloka is an Indonesia-headquartered online travel aggregator operating in six Southeast Asian countries, primarily as a flight search engine for domestic and regional routes. The platform enables bookings for flights, hotels, activities, and ground transport, with expansions into fintech and lifestyle services. Traveloka partners with local airlines and expands market impact through innovative travel products.


Founded

2012

HQ

IndonesiaJakarta

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Revenue

$814M (Jul 2020)

Valuation

$2.8B (Jul 2020)

Traveloka Valuation

Traveloka is currently valued at $2.8B, based on its undisclosed-stage round in July 2020.

The $250M round was led by Qatar Investment Authority, with participation from EV Growth.

Traveloka's valuation has grown 2.8x from $1B at its strategic investment round in July 2017 to $2.8B in July 2020, across 2 priced rounds.

Traveloka valuation by funding round

Revenue multiple
Traveloka valuation by funding round
DateStageValuationRevenue Multiple
Jul 2020Undisclosed stage$2.8B3.4x
Jul 2017Strategic investment$1B-

Traveloka Revenue

Traveloka's latest recorded revenue is $814M, as of its undisclosed-stage round in July 2020. At a $2.8B valuation, that implies a 3.4x revenue multiple.

Traveloka revenue by funding round

Traveloka revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jul 2020$814M$2.8B3.4xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Traveloka Funding History

Traveloka has raised a total of $1.2B across 4 funding rounds.

Traveloka's first fundraising round was a $150M undisclosed-stage round in January 2017. The most recent completed round was a $250M undisclosed-stage round in July 2020.

Traveloka funding rounds

Traveloka funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2020Undisclosed stageQatar Investment Authority (lead); EV Growth$250M$2.8BTraveloka is an Indonesia-based online travel booking platform founded in 2012 that enables consumers to book flights, bus and train journeys, accommodation, meals, and entry to local attractions. The company also offers travel insurance policies and a travel credit card, operating across Australia, Indonesia, Malaysia, Thailand, Vietnam, the Philippines, and Singapore. In July 2020, Traveloka raised $250 million in equity financing led by Qatar Investment Authority, with participation from existing shareholders including EV Growth and Singapore's sovereign wealth fund GIC. According to Bloomberg reporting from that period, the company was targeting a valuation of approximately $2.75 billion, which represented approximately a 17% decline from its previous round valuation of $4.1 billion, though Traveloka did not officially confirm this figure. The funding round was significantly reduced from the company's original $500 million target, reflecting pandemic-driven market challenges. The investment was intended to strengthen Traveloka's balance sheet, support its financial services expansion, and allow continued product offering development across its regional markets. At the time of the round, the company cited recovery in certain markets, notably Vietnam which had returned to pre-pandemic levels and Thailand which had surpassed 50% of pre-pandemic business levels.
Apr 2019Undisclosed stageGIC (lead); EV Growth$420M-Traveloka is Southeast Asia's leading all-in-one travel platform founded in 2012 and headquartered in Singapore, with operations across multiple countries including Indonesia, Malaysia, Thailand, Vietnam, Australia, and Japan. The platform connects millions of users with travel bookings including flights, hotels, and lifestyle experiences, boasting over 140 million app downloads and more than 40 million monthly active users as of the search results' publication dates. By 2019, Traveloka was the largest online travel startup in Southeast Asia and had achieved unicorn status in 2017 when valued at over $1 billion. In 2019, the company diversified its offerings by entering financial services with a credit card partnership with Bank Rakyat Indonesia and Bank Mandiri, launching PayLater functionality, introducing Traveloka Xperience for lifestyle activity bookings, and developing a shariah-compliant health insurance program in partnership with FWD Group. The company also established an R&D center in Bangalore, India that year and began collaborating with government tourism agencies across the region.
Jul 2017Strategic investmentExpedia (lead)$350M$1BTraveloka is an Indonesian online travel agency founded in 2012, operating as a leading platform in Southeast Asia across Indonesia, Thailand, Malaysia, Singapore, Vietnam, and the Philippines. It enables bookings for flights, hotels, buses, trains, attractions, meals, insurance, and travel credit cards, positioning itself as a comprehensive travel portal in a high-growth region with 600 million people and expanding internet access. On July 27-28, 2017, Expedia made a primary minority investment of $350 million in Traveloka, disclosed alongside a prior $150 million round from East Ventures, Hillhouse Capital Group, JD.com, and Sequoia Capital, totaling approximately $500 million raised in the past year. A source close to the deal confirmed this valued Traveloka at more than $1 billion, earning it unicorn status alongside regional peers like Grab, Sea, Go-Jek, and Lazada. The investment deepens Expedia-Traveloka partnership on global hotel inventory, adding international accommodations to Traveloka's platform while leveraging Expedia's expertise for mutual growth in Asia. Expedia's senior VP Greg Schulze joined Traveloka's board, and CEO Dara Khosrowshahi highlighted accelerating presence in Southeast Asia's burgeoning tech market, projected by Google to grow from $31 billion in 2015 to $197 billion by 2025, with travel comprising 45%.
Jan 2017Undisclosed stageEast Ventures; JD.com; Hillhouse Investment; Sequoia Capital$150M-This funding supported expansion amid Southeast Asia's booming online travel market, projected to grow to $90 billion by 2025. By 2017, Traveloka offered 100,000 accommodations and partnerships with around 100 airlines, introducing features like online check-ins and airport transfers. A subsequent round in July 2017 raised $350-400 million led by Expedia (contributing $350M), with participation from GIC, Qatar Investment Authority, and others, valuing the company at $2 billion and bringing total fundraising in the prior year to around $500 million. This cemented Traveloka's unicorn status with over $1 billion valuation. Expedia highlighted Traveloka as the clear online travel leader in Indonesia, aggressively expanding across Southeast Asia. Funds were allocated to machine learning, AI development, investments, and hiring. Traveloka competed with players like Pegipegi and expanded into lifestyle services, achieving over 140 million app downloads and 40 million monthly active users in later years. The company continued growth, partnering with entities like Disney Cruise Line by 2024.

Who has invested in Traveloka?

8 investors have backed Traveloka across its funding rounds, including EV Growth, Sequoia Capital, East Ventures, Hillhouse Investment, GIC and Qatar Investment Authority.

Lead investors include Qatar Investment Authority, GIC and Expedia.


Traveloka Investors

Investors in Traveloka by funding rounds participated
InvestorHQRoundsRoleFirst check
EV GrowthSingaporeSingapore2ParticipantApr 2019
East VenturesIndonesiaJakarta1ParticipantJan 2017
Qatar Investment AuthorityQatarQatar1LeadJul 2020
GICSingaporeSingapore1LeadApr 2019
JD.comChinaBeijing1ParticipantJan 2017
Hillhouse InvestmentSingaporeSingapore1ParticipantJan 2017

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Acquisitions by Traveloka

Traveloka has acquired 3 companies to date.

Last acquisition by Traveloka was on December 17th 2018. Traveloka acquired Mytour for $67M.


Latest Acquisitions by Traveloka

Mytour
Pegipegi
Travel Book
Description
Mytour is a Vietnamese online reservation platform offering over 5,000 hotels at discounted rates. Founded in 2012 as a joint venture, it provides booking services for accommodations across Vietnam. Users access real-time availability and payment processing through mytour.vn.
Pegipegi is a Jakarta-based online travel agency that facilitates bookings for hotels, flights, and train tickets across Indonesia and Southeast Asia. Launched in 2012, the platform emphasizes user-friendly searches and frequent promotional discounts on accommodations and transportation. Acquired by Traveloka in 2018, Pegipegi integrates with regional travel ecosystems to provide comprehensive itinerary options for domestic and international travelers.
Travel Book is a Manila-based online hotel booking platform offering competitive rates for accommodations across the Philippines, including Manila, Cebu, and Boracay properties. As a privately held e-commerce firm, it provides real-time availability, mobile apps, and promotions for both leisure and business travelers.
HQ CountryVietnamIndonesiaPhilippines
HQ City
Hanoi
Jakarta
Manila
Deal Date17 Dec 201817 Dec 201817 Dec 2018
Valuation$67M$67Mundisclosed
EV/Revenue
EV/EBITDA

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Investments by Traveloka

Traveloka has invested in 5 companies to date.

Latest investment by Traveloka was on September 23rd 2021. Traveloka invested in PouchNATION in their $1M Seed round.


Latest Investments by Traveloka

PouchNATION
SIRCLO
Member.id
KiotViet
Description
PouchNATION is a technology provider for events headquartered in Denver, Colorado. It supplies RFID wristbands, NFC tags, POS terminals, and cashless payment systems for festivals, conferences, and stadiums. The platform processes over 10 million transactions annually at events like Electric Daisy Carnival and supports real-time analytics via its dashboard. PouchNATION integrates with access control gates and concession vendors worldwide.
SIRCLO is a Jakarta-headquartered e-commerce enabler in Indonesia delivering omnichannel platforms for businesses. It provides SIRCLO Store and IbuSibuk for entrepreneurs alongside enterprise tools like SIRCLO Commerce, ICUBE for analytics, Sooplai for supply chain management, and Orami for parenting products. The company maintains offices in Bandung, Yogyakarta, and Surabaya to support brands expanding online across Southeast Asia. Listed on the Indonesia Stock Exchange since 2022, SIRCLO powers digital commerce ecosystems including payment gateway QQPAY and POS system Qasir.
Member.id manages loyalty programs for brands in Indonesia, handling strategy, design, redemption tracking, and analytics for points-based systems. Jakarta-based, it powers schemes for retailers like Matahari and airlines, processing millions of transactions monthly through mobile wallets and POS integrations.
KiotViet is a Hanoi-based cloud POS and store management system serving over 150,000 retail outlets in Vietnam. Developed by Citigo Software, it handles inventory tracking, sales analytics, customer loyalty, and multi-store synchronization for small to medium businesses.
HQ CountrySingaporeIndonesiaIndonesiaVietnam
HQ City
Singapore
Jakarta
Jakarta
Hanoi
Deal Date23 Sep 202110 Sep 202117 Feb 202115 Aug 2019
RoundSeedSeries BSeries ASeries A
Raised$1M$36M$1M$6M
InvestorsHuashan Capital; Artesian VC; SOSV; Found.VenturesMeranti Global Investment; OCBC Ventura; SMDV; Sinar Mas Land; East Ventures; Baltimore Investments; Saratoga Investama SedayaEast Ventures; InvestIdea VenturesJungle Ventures
Valuationundisclosed$116Mundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Traveloka Competitors

Traveloka competitors include listed companies like Tongcheng Travel and HBX Group, and private ones like LY.com, FlixBus, Engine and BlaBlaCar.

Public and private companies comparable to Traveloka
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LY.comChinaChinaPrivate--$3B-
FlixBusGermanyGermanyPrivate--$3B-
Tongcheng TravelChinaChinaPublicly listed$2.9B$659M$3.2B0.7x
EngineUnited StatesDenver, COPrivate$11M-$2.1B-
BlaBlaCarFranceParisPrivate$291M-$2B6.9x
HBX GroupSpainSpainPublicly listed$896M$218M$2B3.3x

Traveloka Public Comps

Traveloka is still privately-owned, but its public comps include Tongcheng Travel, HBX Group, TBO.com, Travel+Leisure, Tripadvisor, MakeMyTrip, Web Travel Group, Trainline, Ixigo and Amex GBT.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tongcheng Travel$2.9B$659M0.7x0.7x3.0x2.6x
HBX Group$896M$218M3.0x3.3x12.4x5.7x
TBO.com$262M$41M6.7x5.2x43.2x34.3x
Travel+Leisure$4B$684M2.3x2.3x13.6x8.9x
Tripadvisor$1.9B$160M0.6x0.6x6.8x4.2x
MakeMyTrip$1B$171M5.0x4.5x30.3x25.7x
Web Travel Group$280M$86M2.7x2.6x8.8x7.0x
Trainline$608M$221M1.9x1.9x5.3x4.8x

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Common questions about Traveloka

When was Traveloka founded?Traveloka was founded in 2012.
Where is Traveloka headquartered?Traveloka is headquartered in Jakarta, Indonesia.
Is Traveloka publicly listed?No, Traveloka is a private, VC-backed company.
What is Traveloka's valuation?Traveloka was last valued at $2.8B in its undisclosed-stage round in July 2020.
How much funding has Traveloka raised?Traveloka has raised $1.2B across 4 funding rounds.
What was Traveloka's last funding round?Traveloka's last funding round was a $250M undisclosed-stage round in July 2020, led by Qatar Investment Authority.
Who are Traveloka's investors?Traveloka's investors include EV Growth, East Ventures, Qatar Investment Authority, GIC, JD.com, Hillhouse Investment, Sequoia Capital and Expedia.
What is Traveloka's revenue?Traveloka's latest recorded revenue is $814M (July 2020).
What is Traveloka's revenue multiple?Traveloka's latest valuation implies a 3.4x revenue multiple ($2.8B valuation on $814M of revenue).
Which companies are comparable to Traveloka?Companies comparable to Traveloka include LY.com, FlixBus, Tongcheng Travel, Engine, BlaBlaCar and HBX Group.
How many companies has Traveloka acquired?Traveloka has acquired 3 companies, including Mytour, Pegipegi and Travel Book.
What was the largest acquisition by Traveloka?The $67M acquisition of Mytour in December 2018 is the largest acquisition Traveloka has made to date.
How many companies has Traveloka invested in?Traveloka has invested in 5 companies, including PouchNATION, SIRCLO, Member.id, KiotViet and AllSome.
What was Traveloka's last investment?In September 2021, Traveloka invested in PouchNATION's $1M seed round alongside Huashan Capital, Artesian VC, SOSV and 1 other investor.

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