![]() ![]() With its current funding, the company claims to have “successfully raised over 8-figure USD” in capital. The last funding round dates back to July when it raised an undisclosed amount of pre-Series A funding led by Quona Capital. SEC Filings include 13F quarterly reports, 13D/G events and more. The company claims that merchants receive 3-times faster repayments and increased cash flow after using the app.īukuWarung says it serves more than 1.2 million merchants across 750 locations in Indonesia on its app. Detailed Profile of SOMA EQUITY PARTNERS LP portfolio of holdings. This is also part of our longer-term monetization strategy which will help us sustain our ability to reach more merchants nationwide,” said Abhinay Peddisetty, co-founder of BukuWarung, adding that the feature has been demanded by its merchants for safe and efficient financial transactions during COVID-19.įounded by Peddisetty and Chinmay Chauhan in late 2019, BukuWarung offers a mobile app that helps small merchants keep track of all transactions, including credit, expenses, and sales. “We launched new payment products to provide our users with a more holistic solution for their cash and credit management needs. The firm has recently launched a digital payment feature in partnership with several major Indonesian banks, including state-owned Bank Mandiri and Bank Rakyat Indonesia (BRI), and e-wallet platforms such as Ovo and Dana. ![]() The investment came after the startup graduated from Y Combinator accelerator class “YC S20”, where it was the only Indonesian startup in the batch.īukuWarung plans to use this funding to expand its technology team and build a range of monetized financial services such as digital payments, loans, and savings accounts. Micro-businesses refer to businesses, usually owned by individuals, with less than IDR 50 million (USD 3,350) in total assets and a maximum of IDR 300 million (USD 20,100) in revenue. Angel investors from prominent companies such as WhatsApp, AirBnB, Spotify, and Snapdeal also participated in this round, according to a statement. To join go to: Please note that registration for members closes 3 hours prior to the start of the session.BukuWarung, a Jakarta-based app for micro-businesses to do their accounting and credit-management, announced today it received an undisclosed amount from Soma Capital, Hof Capital, GMO Venture Partners, and DST Global, among others. Jessica is an Entrepreneur in Residence with Harvard Alumni Entrepreneurs, where she hosts regular office hours for founders.įor more information email: is $49 a year. Previously, she worked with Morgan Stanley's Global Technology Investment Banking Group in venture with General Catalyst, Romulus Capital, Female Founders Fund, and Global Founders Capital and as an early team member and core operator with startups including Morning Brew (Forbes 30 U 30, scaling to 1mm+ subscribers), Luxe (acquired by Volvo), Allo (YC W19), and Elpha (YC S19). My research was on game theoretic approaches to analysis of multilateral bargaining in China (advised by Oliver Hart, 2016 Nobel laureate). She graduated from Harvard College in May 2019 with high honors and summa honors thesis. Their portfolio (combined valuation of over $35 billion) includes Cruise, Rappi, Ironclad, Lambda School, Razorpay, Flutterwave, Astranis, Alto Pharmacy, and Atrium. Jessica Li is an early stage investor at Soma Capital. HAE Investor Series is exclusively for paid HAE members. Attendees are invited to submit their questions ahead of time. Session focus: Early stage & seed stage capital HAE's Investor Series invites a variety of investors for an interactive forum to share what their perspectives on what investors are looking for, funding trends, strategies, insights as well as answer your questions. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |