Carmudi Obtain US$ 10 Million Fresh Fund Injection
By : Hariyanto And Aldi Firhand. A | Tuesday, January 23 2018 - 22:55 IWST

Carmudi Asia CEO, Pranjal Kanwar at the Carmudi press conference (Hariyanto / INDUSTRY.co.id)
INDUSTRY.co.id - Jakarta - Carmudi announced a US$ 10 million fresh fund injection from a joint venture of HV Holtzbrinck Ventures, Tengelmann Ventures and APACIG.
Not only that, other private investors are also joining Carmudi's investment this year. It shows investor support and confidence in Carmudi's business.
"With this investment we will continue to develop products and technologies to support our business vertically, such as the financing institutions that have contributed greatly to us," said Carmudi Asia CEO Pranjal Kanwar in Jakarta, Tuesday (23/1/2018).
Meanwhile, Carmudi.co.id Managing Director, Stefano Kirihettige Perera, stated that Carmudi Indonesia's breakthrough this year is to develop a new car buying and selling business segment.
"We are already leading in the used car business online, and this year we will develop business with new services that is new car sales," he said.
Previously, Carmudi in the year 2014 began a business of buying and selling vehicles online with an investment of US $ 10 million. Continued in 2015, with an additional investment of US $ 25 million.
Since then Carmudi in Indonesia and the Philippines is growing rapidly and able to become the ruler of market buying and selling vehicles online. For this year the funding will be used to improve Carmudi's operations in both countries.
Read Also
KRAIBURG TPE to Launch New Automotive Interior Surface TPE Solutions…
ASLC Actively Expand by Opening Many Showroom and Offering Attractive…
Opening the GAIKINDO JAW 2023 Automotive Exhibition, Coordinating…
ASLC Successfully Surpasses 2022 Used Car Sales Target via Caroline.id
Keep Optimistic, President Director of ASSA Adds Ownership
Today's Industry

Jumat, 31 Maret 2023 - 17:02 WIB
Boomi Partners with Leading Japanese ERP Provider To Accelerate Digital Transformation in Japan
Boomi™, the intelligent connectivity and automation leader, today announced a new partnership with Works Applications Systems, Co., Ltd. ("WAPS") which provides system development and support,…

Jumat, 31 Maret 2023 - 15:52 WIB
Tezos Activates ‘Mumbai’ Upgrade Enabling More Than a Million Transactions Per Second
Tezos, a pioneering blockchain for Proof-of-Stake consensus and on-chain governance, has activated Mumbai, its thirteenth core protocol upgrade.

Jumat, 31 Maret 2023 - 14:40 WIB
Choo Sung-hoon from Physical 100 Explored Hong Kong solo dolo
To add to the delight, the Hong Kong Tourism Board (HKTB) was glad to have Korean mixed martial artist Choo Sung-hoon – contender from NETFLIX Physical 100 – tour around Hong Kong, discovering…

Jumat, 31 Maret 2023 - 13:23 WIB
CLEO Optimistic 2023 Turnover Increases Double Digits
PT Sariguna Primatirta Tbk (Tanobel Group), a listed company, manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, managed to record sales of IDR 1.36 trillion in…

Kamis, 30 Maret 2023 - 17:05 WIB
TRGU Successfully Turns Losses into Profits in 2022
PT Cerestar Indonesia Tbk (TRGU), a producer of wheat flour which newly listed its shares on the Indonesia Stock Exchange last July, immediately achieved brilliant performance in 2022.
News Comment