Indonesian proptech startup, Travelio raised $18 million in a Series B round — expanding its marketing and operation

Aims to serve Indonesian rising middles-class demands for temporary housing.


Syamil Faisal

15 Nov, 2019

Indonesian proptech startup, Travelio raised $18 million in a Series B round — expanding its marketing and operation | BEAMSTART News

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Travelio raised $18 million from its Series B funding round, co-led by Temasek subsidiary; Pavilion Capital, and China’s Gobi Partners.

It will use the fund to invest in marketing, talent, and new product verticals for tenants and property owners.

Popular temporary stay destinations in Indonesia — from Travelio's website.
 

Unlike AirBnB, Travelio’s online real estate platform connects property owners and developers to the tenants, instead of renting out rooms or whole units listed by individual property owners.

Travelio is in the process of integrating new services into its ecosystems such as interior design, daily necessities, financing, payments, and other logistics-related services.

“We strive to be the go-to internet platform to meet the living needs of all Indonesians regardless of their duration of stay.”, mentioned Travelio co-founder and CEO, Hendry Rusli.

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