What is Traveloka? Traveloka Review

introduce

Traveloka operates in six countries in Southeast Asia, mainly serving major markets such as Indonesia, Thailand and Vietnam. Traveloka has established partnerships with more than 100 domestic and international airlines, providing services for more than 200,000 routes worldwide, and provides a variety of payment solutions such as Maybank2u, CIMB Clicks, HSBC, PBe and HongLeong Connect. Accommodation options include both hotels and homestays, and it is known as the Indonesian version of "Ctrip".

Founder's Story

Ferry was born in Padang, Indonesia in 1988. After graduating from high school, he went to Purdue University in the United States to study computer science and engineering. After graduating from university, Ferry joined Microsoft in Seattle, USA. While working at Microsoft, Ferry met two future co-founders of Traveloka, Albert Albert and Derianto Kusuma.

After three years of work, Ferry encountered a bottleneck in his career. In order to find a breakthrough, Ferry once flew to China to look for answers. The result of his thinking was tourism and aviation.

Later, in order to supplement his knowledge in more aspects, he started to study at Harvard Business School. During his study, Ferry often traveled between the United States and Indonesia to investigate the market. In Indonesia, Ferry deeply felt the difficulty of air ticket booking, and also saw the gap in the market and huge business opportunities.

In 2012, when Ferry was 23 years old, he began to notice the booming trend of online ticketing startups and thought that the time was right. After obtaining an MBA from Harvard Business School in 2013, he founded Traveloka.

develop

Initially, Traveloka only had the functions of flight inquiry and price comparison. In mid-2013, Traveloka transformed into an online flight booking website.

Starting from 2015, Traveloka began to enter other Southeast Asian countries in a planned manner, opening regional offices in Malaysia, Thailand, Singapore, the Philippines and Vietnam, with more than 1,000 employees.

In November 2015, Traveloka had 3.7 million desktop users.

From January to October 2016, the number of visits to Traveloka.com reached 93.38 million, with an equal ratio between PC and mobile terminals, and a bounce rate of 33.41%.

In May 2017, Traveloka launched car rentals, Traveloka eats dining and PayLater lending features.

Currently, the Traveloka mobile app has been downloaded more than 30 million times, making it the most popular travel booking app in the region.

Financing

In November 2012, Traveloka received seed funding from East Ventures, a few months after its launch.

In 2013, it received Series A funding from Global Founders Capital.

On January 1, 2017, East Ventures, Beijing JD Financial Technology Holdings Co., Ltd., Sequoia (Overseas), and Hillhouse Capital Management Co., Ltd. invested US$150 million in Traveloka.

In July 2017, Southeast Asian online travel company Traveloka received US$350 million in financing from Expedia.

In October 2018, Indonesian online travel company Traveloka is launching a new round of financing worth US$400 million. This round of financing will be led by Singapore's sovereign fund GIC and will be mainly used to develop ticket booking services for tourists' air tickets, hotels, concerts, amusement parks and other activities.

References

• 1. Traveloka — Indonesia’s version of “Qunar”: The founder dropped out of school to start a business: Excellent English Self-study Tribe [cited on 2017-11-15]