As the antitrust drumbeat continues to pound on tech giants, with Reuters reporting comments today from the U.S. Justice Department that it’s moving “full-tilt” on an investigation of platform giants including Google parent Alphabet, startups in Europe’s travel sector are dialing up their allegations of anti-competitive behavior against the search giant. Google has near complete […] …
Indonesia-based online travel website, Traveloka, has gotten$250M in fresh funding to beef up its coronavirus-battered balance sheet. The travel aggregator dubs the capital injection a”strong vote of confidence “in its strategy to get used to what it couches as a ‘ brand-new regular’for travel by retooling its concentrate on domestic and short hop […]
The travel aggregator calls the capital injection a”strong vote of confidence “in its technique to change to what it couches as a’brand-new typical’for travel by retooling its focus on short and domestic hop expeditions and activities. Traveloka also says”some”existing financiers likewise took part(EV Growth being one it has actually named ). Prior to this most current raise, Traveloka had actually pulled in around $950M throughout five financing rounds because being founded back in 2012, according to Crunchbase. Commenting in a statement, Ferry Unardi, Traveloka co-founder and CEO, stated: “Without a doubt, Traveloka has been profoundly affected by the COVID-19 pandemic. …
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