Indonesia's Traveloka Gears Up for Possible IPO With Renewed Focus on Local Offerings
Skift Take
Traveloka is strengthening its local offerings with a potential public listing in its future, either through a traditional IPO or a red hot SPAC. The approach may be paying off as the company works to bolster its operations for a post-pandemic world, but how much more localization can the app offer?
Whether you’re planning a local holiday in Vietnam, looking to purchase Covid-19 PCR tests in Indonesia, or want flowers delivered to someone special in Thailand, Traveloka says it has an app for that.
Southeast Asia's biggest online travel startup has made use of the pandemic by focusing inward to diversify its local offerings. For the company's leaders, that meant having to dive deeper into lifestyle and financial services both areas where consumers in the region are hungry for solutions, and ones that they feel could drive interest in a potential U.S.-listed IPO for Traveloka. Company leader say that could happen shortly.
The Indonesian online travel unicorn currently has 40 million downloads, 16 million of them in Indonesia, and is growing in popularity across its core home market, as well as Thailand and Vietnam.
The startup prides itself in being aggressively dedicated to developing local offerings and solutions for its customers, parti
