Move Office in Jakarta, Carmudi Target Outside Java Island

By : Hariyanto And Aldi Firhand. A | Tuesday, January 23 2018 - 22:46 IWST

Konferensi pers Carmudi (Hariyanto/INDUSTRY.co.id)
Konferensi pers Carmudi (Hariyanto/INDUSTRY.co.id)

INDUSTRY.co.id - Jakarta - Carmudi receives US $ 10 million from a joint venture of HV Holtzbrinck Ventures, Tengelmann Ventures and APACIG. This additional funding of Carmudi became crucial due to the removal of Carmudi's main office from Berlin, Germany to Asia.

"Along with the growing Carmudi market in Southeast Asia, we moved our headquarters to Jakarta, Indonesia," said Carmudi Asia CEO Pranjal Kanwar in Jakarta, Tuesday (23/1/2018).

Carmudi.co.id Managing Director Stefano Kirihettige Perera said that this year Carmudi.co.id will target markets outside Java, such as Kalimantan and Sulawesi.

"We are not only focusing on the island of Java, now we will continue to drive and contribute to the Indonesian automotive market." he said.

Meanwhile, General Partner, HV Holtzbrinck Ventures Martin Weber said, online vehicle buying and selling market in Southeast Asia is currently experiencing rapid development. And Carmudi.co.id has become the best in Indonesia, as well as carmudi in the Philippines.

"With this new funding, we believe Carmudi will grow, especially with the new management team," said Martin.

In 2014, Carmudi started an online vehicle buying and selling business with an investment of US $ 10 million. Then resumed in 2015, with an additional investment of US $ 25 million.

Since then Carmudi in Indonesia and the Philippines has grown rapidly and is able to become a master of the market of buying and selling vehicles online.

For this year the funding will be used to improve Carmudi's operations in both countries. The site already has over 100,000 vehicle ad listings with 5 million users each month.

News Comment

Today's Industry

President Joko Widodo

Jumat, 24 September 2021 - 20:15 WIB

Indonesia Has Enormous Potential to Become Global Maritime Axis, President Jokowi Says

Indonesia, the world’s largest archipelagic country with 17,000 islands, a coastline of more than 108,000 kilometers and the world’s largest marine biodiversity, should become the world’s…

Minister of Finance Sri Mulyani Indrawati/ Photo by: PR of Cabinet Secretariat.

Jumat, 24 September 2021 - 18:48 WIB

State Budget Performance Improves; Economic Recovery Makes Headway: Sri Mulyani

The realization of this year’s State Budget until August 2021 has shown good performance, marked by maintained growth in expenditure realization of Rp1,560.8 trillion or a growth of 1.5 percent,…

President Jokowi accompanied by Cabinet Secretary Pramono Anung to conduct a working visit to Cilacap regency, Central Java province (23/09/2021). (Photo by: Presidential Secretariat’s Press, Media, and Information Bureau/Laily Rachev)

Jumat, 24 September 2021 - 17:10 WIB

President Jokowi Kicks Off C. Java Working Visit

President Joko “Jokowi” Widodo on Thursday (23/09) accompanied by Cabinet Secretary Pramono Anung left for Cilacap regency, Central Java province for a working visit.

President Joko Widodo delivers his remarks through video conference at the 76th UNGA General Debate Session on Thursday (09/23) Western Indonesia Time. Photo by: PR of Ministry of Foreign Affairs.

Jumat, 24 September 2021 - 16:37 WIB

President Jokowi: Inclusiveness is Top Priority for Indonesia’s G20 Presidency

Indonesia will make the best endeavor to ensure that the G20 can benefit all countries, President Joko “Jokowi” Widodo has stated.

Indonesian Ambassador to the United Nations Darmansjah Djumala receives award from the IAEA and the FAO in Vienna, Austria, Monday (20/9). (Photo: PR of BRIN)

Rabu, 22 September 2021 - 19:30 WIB

Indonesia Wins Award on Food Plant Breeding from FAO, IAEA

Indonesia has received an outstanding achievement award from the Food and Agriculture Organization (FAO) and the International Atomic Energy Agency or IAEA.