Carmudi Obtain US$ 10 Million Fresh Fund Injection

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.