The Traveloka Campus at BSD City Digital Hub / Photo credit: Jofie Yordan
Traveloka , the Indonesia-based travel tech giant, has cleared its US$300 million private credit loan, sources briefed on the matter told Bloomberg. The payback went to a lender group that includes BlackRock, Orion Capital Asia, and Allianz Global Investors, as well as sovereign wealth fund Indonesia Investment Authority.
Traveloka took the loan in 2022 with a 2026 repayment plan. At the time, it said the funds would strengthen its balance sheet as the travel industry bounces back from Covid-19.
The company had withdrawn only US$250 million of the agreed US$300 million loan amount. Traveloka opted to use its own cash reserves for repayment.
This comes amid a post-pandemic resurgence in the travel industry, with airlines notably recording high revenues in 2023. By late 2022, the company had shut down initiatives aimed at riding out the pandemic: on-demand logistics service Traveloka Send and food delivery platform Traveloka Eats.
The firm also conducted silent layoffs in early 2023 following its COO’s departure. This appeared to be part of Traveloka’s reprioritization of its core verticals.
In 2022, Traveloka generated US$225.9 million in revenue, a 75% jump compared to the previous year. Its losses for the period also improved to US$98.2 million from US$138.2 million in 2021.
See also: Mapping Asia’s travel tech players as they face funding storm
Editing by Putra Muskita and Eileen C. Ang
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
📅 Upcoming Events
22 October 2026
Payoneer x CSPN Summit 2026