Indonesia’s version of Airbnb Travelio has raised a US$2 million Pre-Series A round Shanghai-based VC Gobi Partners.
Singapore-based Anthill Ventures; existing investor PT Surya Semesta Internusa Tbk; senior executives from hospitality conglomerate Kuok Group; and China-based angel investors Zhenzhen Sun, Partner of Proxima Ventures and Tian Gu, CEO of Travel+Leisure Magazine, also participated in the round.
The funding will be expand its accommodation offerings in Indonesia, ramp up product development, attract new customers and increase new hires.
Launched in 2015, Travelio allows travellers to book from a wide range of accommodation including apartments, villas, houses and hostels.
One unique feature of this platform is that travellers can set their own rates and send personalised offers to property owners.
Property owners can then accept the bookings based on the price, occupancy and availability either automatically through pre-set price ranges or manually.
Once the booking is approved, travellers can pay directly through Travelio via credit card, online banking or bank transfer.
Travelio currently offers over 12,000 accommodations across 14 countries in APAC including Indonesia, Singapore, Malaysia, Thailand, the Philippines, Vietnam, China, Japan, South Korea, Hong Kong, Taiwan, Macau, Australia and New Zealand.
It plans to double its accommodation listings In Indonesia as well as expand to other countries in the future.