According to foreign media disclosure，Indonesian travel unicorn Traveloka is merging with billionaires Richard Li and Peter Thiel-backed Bridgetown Holdings (NASDAQ: BTWN) via a special purpose acquisition company (SPAC)，Possible valuation of US$5 billion。

Through Private Investment in Public Equity (PIPE)，The new company may raise US$500 million to US$7.USD 500 million。

Bridgetown raised about 188bet online sports betting in initial public offering (IPO) in October.US$9.5 billion，Backed by Thiel’s Los Angeles-based personal investment vehicle Thiel Capital and Lee’s Hong Kong-based investment firm Pacific Century Group。

Traveloka has expanded its base to six Southeast Asian countries including Australia，Thus allowing consumers to book air tickets and book hotels in various countries。Except traveling，Lifestyle and accommodation booking business，Traveloka gradually diversifies its products into the financial field。

Traveloka’s sponsors include Expedia Group Inc (NASDAQ: EXPE)，Rocket Internet SE (OTC:RCKZF)，East Ventures，Lee’s FWD Group Ltd.And GIC Pte of Singapore。

Traveloka completed 2 in July 2020 from a number of investors including Singapore sovereign wealth fund GIC and East Ventures.USD 500 million financing，The valuation at that time was 27.USD 500 million。

current，Grab, 188bet app download which is invested by SoftBank, is also rumored to be listed in the United States through Altimeter Capital’s SPAC Altimeter Growth Corp (NASDAQ: AGC)，Valuation of $40 billion。

188bet app Source: Lei Di.com, author: Lei Jianping, original title:《Indonesian unicorn company Traveloka is listed on a pseudo-curve: Financing last year 2.USD 500 million》.