Traveloka.com Raises Series A – Investment from Global Founders Capital
Jakarta, 10 September 2013 – Traveloka.com, a Jakarta-based flight booking website, has announced that it has raised a Series A round from Global Founders Capital, VC arm of Rocket Internet’s Samwer brothers, a first in Asia for the newly setup venture capital fund. This marks 2013 as an exciting and eventful year for the fast-growing startup that pioneers transformation of Indonesia’s online travel industry.
Ever since its official launch in September 2012, the website has experienced a stellar growth in revenue and number of users. Only a month after the launch, Traveloka.com has served over 400.000 flight searches for users from more than 200 different cities. Today the website serves the same amount every couple days and boasts one of the largest flight booking volume in the whole country.
Global Founders Capital was started by the Rocket Internet’s Samwer brothers, builders of some of the most successful internet companies in Europe and emerging Markets such as Zalando, Zalora or Lazada and Fabian Siegel who amongst others built global online food ordering giant Delivery Hero.
Traveloka.com has achieved firm growth and showed solid technical and industry know- how to attract support from Global Founders Capital. With the funding and global expertise backing, the Indonesian e-commerce company is fueled to boost its first-rate services. The funding is to be used to expedite growth, accommodate more talents and add new services such as hotels and packages.
Currently, Traveloka.com ranks as Indonesia’s No. 1 Flight Search and Booking Service (outside official airline websites) according to the leading Internet analytics company comScore. The accomplishment actually serves the company’s enduring vision to make travel simpler and more compelling for Indonesians.
The entire service is tailored to meet the needs of price-sensitive Indonesian market while at the same time help them plan their travel in a much better way. “We don’t only provide best flight deals”, said Ferry Unardi, Managing Director of Traveloka.com. He continued, “The combination of our simple, instructive and compelling transactional interface is none to be found elsewhere. In the booking process, users learn to plan their travel smarter and hence more effective.”
Traveloka.com was first launched as a meta-search and continually upgrades its comprehensive services, now including direct booking, to better meet the demands and expectations of travelers and the local travel industry.
Traveloka.com is a leading Indonesian flight booking website with a mission to make travel simpler and more compelling. The Jakarta-based online flight booking was founded by Indonesian engineers with years of experience working for reputable tech companies in Silicon Valley, US. Traveloka.com previously raised its early stage investment from East Ventures.