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

The President Director of PT Trimegah Sekuritas Indonesia Tbk (TRIM), Philmon Tanuri (left) delivered remarks at the kick off of Trimegah's collaboration with IA SBM-ITB in Jakarta on Wednesday (05/06/2024).

Jumat, 07 Juni 2024 - 19:43 WIB

Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong Learning Mission

In order to realise its mission of “Educate and create wealth for community through unique and professional investment experience”, PT Trimegah Sekuritas Indonesia Tbk (TRIM) collaborates…

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…