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

Images By : Freepik

Sabtu, 14 September 2024 - 16:56 WIB

Essential Tips for Choosing Personal Health Insurance in the US

Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Images By : Freepik

Sabtu, 14 September 2024 - 16:53 WIB

The Top 10 Insurance Companies in the US for 2024

In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.

Images By : Freepik

Jumat, 13 September 2024 - 15:37 WIB

Why Airbnb Become Popular in 2024?

Airbnb fosters a more interactive experience between hosts and guests. Through direct messaging, guests can inquire about specific details, negotiate pricing, or clarify expectations, which…

Flag of the United Nations Organization.

Kamis, 15 Agustus 2024 - 14:26 WIB

Modena Officially Becomes a Member of the UN Global Compact

Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…

Totolink outlet. (Photo: Public Relation of Totolink)

Kamis, 11 Juli 2024 - 22:08 WIB

Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia

Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.