Pavilion, Gobi lead $18m round for Indonesia's Travelio

The round was said to include support from existing shareholders, although they have not been specified. Fenox Venture Capital, IndoGen Capital, Insignia Ventures, and Vynn Capital provided a $4 million Series A last year, while seed-stage investors include Anthill Scale Ventures and local real estate industry player Surya Semesta Iternusa.

“We strive to be the go-to internet platform to meet the living needs of all Indonesians regardless of their duration of stay,” Hendry Rusli, co-founder and CEO of Travelio, said in a statement. “We achieve this by ensuring high-quality units with full facilities and furnishing, affordable and flexible payment terms, and continued innovation of new verticals to satisfy consumer needs throughout their stay with Travelio.”

Travelio describes itself as Indonesia’s leading online residential real estate platform, connecting property owners and developers looking to monetize empty domiciles to short-term tenants. Users browse and book accommodations via the website that is available in English and Indonesian language. The model is positioned as benefiting from Indonesia’s rising middle class as well as local themes related to urbanization.

The company will use the fresh capital to invest in marketing, hire talent, and develop new product verticals that cater to both tenants and property owners while creating a more comprehensive operational ecosystem. New services in the pipeline pertain to interior design, the provision of daily necessities, financing, payments, and various logistics-related services. 

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• Topics
• Southeast Asia
• Early-stage
• Consumer
• Real estate
• Indonesia
• Gobi Partners
• TMT