Autohome and Traveloka net big funding this week

Every day, 100k+ smart people read our newsletter. You can sign up here.

Hello readers,

Good news to all wanderlusters: Travel funding bounced back this week, thanks to Traveloka’s new capital injection of US$250 million.

Like others in the travel industry,the Jakarta-headquartered company was badly hit by the pandemic. Its strategic partner Airy, for example, had shut down in May.

But Traveloka said it’s seeing “encouraging recovery” across all of its key markets in bookings for domestic and short-distance travel as well as activities. Holler if you’re going to start traveling soon. 😉

Other interesting funding news this week:

• Tencent may acquire a search engine
• Line’s delivery app in Thailand received funding and merger request
• Reliance Industries funded a fashion clothing store

You can find all the important investment deals that happened in the last few days in our weekly funding news wrap-up.

Let’s dive into the biggest deals plus mergers and acquisitions (M&A) that recently took place.

The biggest deals by country

🇨🇳 Autohome: A Chinese automotive internet platform. Raised US$2.5 billion from Ping An Group.

🇮🇩 Traveloka: An Indonesian online travel company. Raised US$250 million from its existing investors and a global financial institution.

🇮🇳 Zivame: An Indian lingerie and fashion online store. Raised US$160 million from Reliance Industries Limited.

M&A

Deep-thinking reads