PTT Oil and Retail completed an $81m investment in Traveloka.

PTT Oil and Retail, a petroleum products distribution company, completed an $81m investment in Traveloka, an Indonesian technology company. "We see immense value from the collaboration as we see the region growing at a rapid pace, leading to greater opportunities in the industry. We are excited to work with PTT, with its expertise in creating great businesses with a customer-focused approach, to capture demand and provide enhanced solutions to our customers, while also creating new opportunities for our merchant-partners in Thailand and the region," Ferry Unardi, Traveloka Co-Founder and CEO.