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*update: on September 19, 2023, the company sent an official release, stating that the latest round was the closing of $3 million in seed funding involving Accion Venture Lab.
Bababos, announced the completion of an initial funding round (seed) worth $3 million (around Rp. 46,1 billion) led by East Ventures, and involving several other investors, namely, Patamar Capital and Accion Venture Lab.
This new funding will be used to build a seamless platform in connecting small and medium industrial manufacturers (IKM) with the best raw material suppliers, and will also be allocated to support the technological foundation and empower human resources to accelerate Bababos' business expansion which is currently available in the Jabodetabek and Surabaya areas.
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