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

Cabinet Secretary Pramono Anung (Photo: Public Relations of Cabinet Secretariat/Rahmat)

Kamis, 23 Maret 2023 - 17:41 WIB

Welcoming Ramadan 1444H, Cabinet Secretary: A Month Full of Deep Meaning

Cabinet Secretary (Seskab) Pramono Anung wished Muslims throughout the country a happy fasting month of Ramadan 1444 Hijri/2023 AD.

The government determines that 1 Ramadan 1444 Hijriah/2023, the Minister of Religion (Menag) Yaqut Cholil Qoumas, at the Office of the Ministry of Religion (Kemenag) , Jakarta, Wednesday (22/03/2023).

Kamis, 23 Maret 2023 - 16:30 WIB

Government Sets 1 Ramadan 1444H to Fall on Thursday, March 23 2023

The government determines that 1 Ramadan 1444 Hijriah/2023 AD will fall on Thursday, 23 March 2023. This determination is based on the decision of the Isbat (Determination) Session of the Beginning…

Saudi Arabian Airlines (SAUDIA)

Kamis, 23 Maret 2023 - 14:52 WIB

SAUDIA Group Announces International Expansion With 25 New Destinations in 2023, Connecting the World to Saudi Arabia

Saudi Arabian Airlines (SAUDIA) and flyadeal set course to add 25 new destinations in 2023 on SAUDIA Group Network.

Asahi Kasei , Dusseldorf, Germany

Kamis, 23 Maret 2023 - 08:45 WIB

Crystal IS and Asahi Kasei Announce New Record for Single-Chip Device Output and Immediate Engineering Sample Availability of Their Upcoming 160 mW UVC LED

Asahi Kasei, a diversified Japanese multinational company, and subsidiary Crystal IS have demonstrated their next- generation Klaran single chip UVC LED which emits at 160 mW in the ideal germicidal…

PT Alkindo Naratama Tbk (“ALDO”)

Kamis, 23 Maret 2023 - 06:36 WIB

Earning Profits While Protecting the Environment, ALDO Processes Around 80 million kg of Used Paper Every Year

PT Alkindo Naratama Tbk (ALDO), continue to actively earn profits while at the same time participating in preserving the environment through the waste paper processing business.