99 Group Closes Funding of 169 Billion Rupiah from GAW Capital and OCBC NISP Ventura

Startups proptech 99 Group announced follow-up funding of $11 million (over 169 billion Rupiah) from GAW Capital and OCBC NISP Ventura. GAW Capital was the previous investor that funded 99 Group in July 2022 in series C round worth $52 million.

In a statement submitted by OCBC NISP Ventura, the company welcomes the 99 Group as part of a big family. This investment will support accelerated growth, expansion, technological advances, team consolidation, and implementation of strategic partnerships and acquisitions of the 99 Group.

"We envision the 99 Group being able to continue serving the Indonesian people with a complete package of empathetic, smart and reliable real estate transaction platforms. We are also very pleased to start a fruitful collaboration with Darius Mahtani Cheung, Wasudewan, and the 99 Group team," the company wrote, Tuesday (14/3).