Indonesia Unicorn Traveloka in Talks to Raise Up To $400 Million In SPAC Merger Plan

Jakarta-based online travel startup Traveloka is reportedly in talks to raise as much $400 million as it targets a U.S. listing by merging with a special purpose acquisition company backed by Hong Kong billionaire Richard Li and investor Peter Thiel.
Jakarta-based online travel startup Traveloka is reportedly in talks to raise as much $400 million as it targets a U.S. listing by merging with a special purpose acquisition company backed by Hong Kong billionaire Richard Li and investor Peter Thiel.