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Indonesia’s Traveloka said to eye $5B SPAC deal
Indonesia-based online travel booking platform Traveloka is in advanced talks to go public through a merger with a blank-check acquirer, according to a Bloomberg report citing unnamed sources.
The company is reportedly seeking to merge with Bridgetown Holdings Ltd., a SPAC backed by billionaires Richard Li and Peter Thiel. The deal could value the travel company at around $5 billion.
Founded in 2012, Traveloka has raised at least $1.2 billion in known funding, per Crunchbase data.
— Joanna Glasner
Funding round
SnackMagic picks up $15M: SnackMagic, a service for building your own snack box, has reportedly raised $15 million in a Series A round led by Craft Ventures. The company markets its offering as a potential work-from-home employee perk, a sales prospecting tool, or a gift.
Abzu lands $6M for AI: Abzu, a Danish startup developing AI-based software for use cases including predictions and modeling, raised $6 million in a seed funding round led by Denmark’s Seed Capital and PreSeed Ventures, and Finland’s Inventure.
— Joanna Glasner
Illustration: Dom Guzman
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