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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Indonesia’s Traveloka said to eye $5B SPAC deal

Indonesia-based online travel booking platform is in advanced talks to go public through a merger with a blank-check acquirer, according to a Bloomberg citing unnamed sources.

The company is reportedly seeking to merge with Bridgetown Holdings Ltd., a SPAC backed by billionaires and . 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: , a service for building your own snack box, has reportedly raised $15 million in a Series A round led by . 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: , 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 and , and Finland’s

— Joanna Glasner

Illustration: