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)
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.

News Comment

Today's Industry

Bank Central Asia (Foto Ist)

Jumat, 23 Februari 2018 - 23:00 WIB

This morning, JCI Opened up to 6608 position

Jakarta - Jakarta Composite Stock Price Index (BEI) opened at 6.608 in the first session of trading Friday (23/02/2018), 0.23% higher or 15 points compared to the position at the end of trading…

BRIT Awards 2018 at The O2 London. (Source: TVM)

Jumat, 23 Februari 2018 - 22:14 WIB

Complete List of BRIT Awards 2018 Winners, Congratulations!

The annual music awards event by the British Phonographic Industry, BRIT Awards 2018 was successfully held on Wednesday (21/2) at The O2 Arena, London. Almost all the famous musicians present…

PT Unilever Indonesia (Foto Dok Industry.co.id)

Jumat, 23 Februari 2018 - 22:00 WIB

Today, JCI Moves Predicted Varies at 6,562-6,628

Jakarta - Movement Composite Stock Price Index (CSPI) is predicted to vary in trading Friday (23/02/2018) after a decline in trading on the previous day. The range of movement is in position…

Becakkayu Accident

Jumat, 23 Februari 2018 - 21:46 WIB

The Rise of Construction Accidents, The Association of Steel Communities Urges Government to Maximize Steel Products

Post-accident at the Bekasi-Cawang-Kp Melayu Toll Road (Becakkayu) infrastructure project that collapsed so that 7 (seven) workers suffered serious injuries. The government through the Ministry…

Citilink (ist)

Jumat, 23 Februari 2018 - 21:12 WIB

Citilink Assess International Flights to Banyuwangi Airport

Citilink Indonesia Airlines is reviewing the possibility of opening a direct international flight route to Banyuwangi Airport, East Java.