The team has announced having “received an investment from early stage investment firm East Ventures,” although the amount and terms of the deal are undisclosed.
The company was founded in mid-2012 by a group of Indonesian engineers returning to the country with work experience in Silicon Valley-based technology companies. Stanford graduate Derianto Kusuma, one of the co-founders of Traveloka, was previously a senior software engineer with LinkedIn. Derianto “[a]bandoned job in the Valley and returned home to pursue the dream of revamping Indonesia’s tech startup ecosystem”, says his LinkedIn profile, reflecting his strong determination to make Traveloka work. Ferry Unardi, who graduated from Harvard and worked for Microsoft, is also a co-founder.
With an extensive Silicon Valley experience and mindset, the Traveloka team is definitely well equipped to bring travel-based deals forward in the competitive online travel industry in Indonesia.
Read on for the full press release:
Jakarta, 12 November 2012 Indonesian travel search engine Traveloka.com announces today that it has received an investment from early stage investment firm East Ventures.
Traveloka.com helps travelers discover the best flight deals using its comparison engine, which it develops from scratch with Indonesian users’ needs in mind.
Amidst the intense competition in the online travel sector in Indonesia, Traveloka.com quickly emerges as one of the country’s favorite tools to search for flights online. Within 1 month of being publicly available in October 2012, Traveloka.com has served over 400,000 flight searches for users from more than 200 different cities.
“Indonesian travelers are price-sensitive when it comes to their transportation budget and our service is uniquely suited to serve this market.”, said Ferry Unardi, a co- founder at Traveloka.com. He continues, “With a strong engineering and product team, we are confident that we can keep on building more services to guide our users through an increasing number of travel-related products available to them”.
The company was founded in mid 2012 by a group of Indonesian engineers returnee with work experience in Silicon Valley technology companies.
PT. Traveloka Indonesia (http://traveloka.com) was founded in mid 2012 with a mission to make online travel simpler and more attractive for Indonesians. In line with its mission, the company attempts to organize travel-related information and help users navigate through a burgeoning number of options and get the best value with ease. Its first product, a flight search engine, helps travelers find the best domestic flight deals. It also released an infographic of the Indonesian aviation industry at http://image.traveloka.com/indonesia-flight-infographics.png
About East Ventures
East Ventures is an early stage investment fund based in Jakarta, Singapore and Tokyo which has invested in over 20 projects and companies with the focus of consumer web or mobile internet. East Ventures also contributes to the startups ecosystem with their showcase platform Jakarta/Bandung Ventures Night and 2 incubation programs called East Ventures Alpha in Jakarta and East Ventures Accelerator in Tokyo.