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Indonesia's Traveloka in talks to raise over $200m

Startup explores IPO in U.S. this year after SPAC merger fell through

Traveloka, an Indonesian online travel company, is in talks with BlackRock and the country's sovereign wealth fund for a new funding round.   © Reuters

JAKARTA -- Indonesian online travel unicorn Traveloka is in talks with investment management company BlackRock and others for a funding round of more than $200 million, sources familiar with the matter said.

The sources indicated that Indonesia Investment Authority (INA) -- the country's newly formed sovereign wealth fund -- is also in talks to join the round. However, no final decision on the fundraising has been made, the sources added.

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