Saturdays Ready for Store Expansion After Funding Pocketed
Obtained funding in the form of venture debt from Genesis Alternative Ventures
D2C startups lifestyle Saturdays is ready to expand its market reach in Indonesia after securing funding in the form of venture debt with an undisclosed nominal from Genesis Alternative Ventures.
Saturdays now has 45 stores in 11 cities spread across Greater Jakarta, Bandung, Surabaya, Medan, Palembang, Makassar, Banjarmasin, Samarinda and Batam. They also recently opened a booth lifestyle at Central Park Mall, Jakarta. Some of the leading brands that have worked with Saturdays include Marvel and Indomie.
Last year, Saturdays got series A pendanaan funding led by Altara Ventures with participation by DSG Consumer Partners. One year earlier, Saturdays had closed seed funding from Alpha JWC Ventures, Kinesys Group, and Alto Partners.
"We seek funding from various sources and partner with various institutions that have value and can bring complementary skills, knowledge, and resources. This allows us to maximize benefits through diversified partnerships and create long-term value as we want to solve the problem of visual impairment in Indonesia," said Saturdays Co-Founder Rama Suparta to DailySocial.id.
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