Jakarta ● Sat, October 1 2022
Indonesia Investment Authority's involvement in a US$300 million funding to Traveloka is believed to be a good deal as it will help the sovereign wealth fund, seeing as how the unicorn is a leading player in the online travel-agent market, which is deemed highly lucrative.
Traveloka announced on Thursday that it has garnered another funding round led by Indonesia Investment Authority (INA), followed by BlackRock, Allianz Global Investors, Orion Capital Asia and several other investors.
Roshan Raj Behera, the Southeast Asia partner of Indian management-consulting company Redseer, said that INA's decision to invest in Traveloka did not pose any major risks for the sovereign wealth fund (SWF) entity, even though the recipient is not a state-owned enterprise (SOE).
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