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

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.