Indonesia's Traveloka Lands $300 Million Funding

Indonesia's leading online travel agency Traveloka will be receiving a fresh round of funding of $300 million from Indonesia Investment Authority — the newly-formed sovereign wealth fund of Indonesia, investment management agency — BlackRock, Allianz Global Investors, Orion Capital Asia and other global financial institutions.

The financing round is said to have attracted significant interest from a number of long-term capital providers, resulting in an oversubscribe