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

Mrs. Iriana Joko Widodo together with Mrs. Hani Pramono Anung and a number of OASE KIM members left for West Java, Tuesday (03/10/2023), using KCJB Whoosh from Halim Station. (Photo: Regency Secretariat Public Relations/Jay)

Rabu, 04 Oktober 2023 - 09:50 WIB

Mrs. Iriana and OASE KIM Test the Whoosh Fast Train

Mrs. Iriana Joko Widodo together with a number of members of the Advanced Indonesian Cabinet Era Solidarity Action Organization (OASE KIM) left for West Java Province, on Tuesday (03/10/2023).

President Jokowi opened the 2023 Korpri National Working Meeting, in Jakarta, Tuesday (03 /10/2023).

Rabu, 04 Oktober 2023 - 08:40 WIB

President Jokowi: Korpri is a big force that determines the nation's progress

Indonesian President Joko Widodo (Jokowi) emphasized that with 4.4 million members, the Indonesian Civil Service Corps (Korpri) is a major force determining the nation's progress.

Source: Indonesian Embassy in Hanoi

Rabu, 04 Oktober 2023 - 07:15 WIB

Commemoration and Collaboration: 78 years of Indonesia’s Independence, 10 years of Indonesia-Viet Nam Strategic Partnership

Hanoi, Viet Nam - More than 500 guests, including government officials of Viet Nam and ambassadors, attended the commemoration of the 78th anniversary of the Independence Day of the Republic…

Source: Indonesian Embassy in Bogota

Rabu, 04 Oktober 2023 - 06:15 WIB

Thousands Attend, Enliven Establishment of Amigos de Indonesia in Colombia

Thousands attended the establishment of Amigos de Indonesia / Friends of Indonesia in Colombia, which began with the performance of the national anthem Indonesia Raya.

PT Surya Esa Perkasa Tbk. (ESSA: IJ)

Selasa, 26 September 2023 - 07:45 WIB

ESSA Secures Gas Contract Extension for LPG Refinery

PT Surya Esa Perkasa Tbk. (ESSA: IJ), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant today (22/9) announced…