BlackRock, Allianz Join $300 Million Traveloka Funding Round (2)

Traveloka has secured $300 million in new financing from investors including BlackRock Inc., as Southeast Asia’s biggest online travel startup counts on a post-Covid rebound to expand in the region.

The Jakarta-based company said in a statement Thursday it struck a deal for financing with investors including Allianz Global Investors and the Indonesia Investment Authority.

The size of the funding round is significantly larger than the previously discussed target of about $200 million that Bloomberg News reported in June. Traveloka, backed by investors including GIC Pte and Expedia Group Inc., is considering an initial public offering in ...