1. Startups

Dagangan Secures 163.7 Billion Rupiah Series A Funding, Intensifying Penetration to Tier 3 & 4 Cities

Provide a social commerce platform for daily needs; to develop private-label products

Social commerce startup Dagangan announced its series A funding worth of $11.5 million or equivalent to 163.7 billion Rupiah. The round was led by Monk's Hill Ventures with the participation of MMS Group, K3 Ventures, Spiral Ventures, and Plug and Play.

Previously, the startup that was founded in 2019 announced a pre-series A funding with an undisclosed value from CyberAgent Capital, Spiral Ventures, 500 Startups, and Bluebird Group in June 2021.

Dagangan's Co-Founder & CEO, Ryan Manafe revealed to DailySocial, the company has achieved revenue record in mid-2020, the trend continues today. It is suspected that various restrictions during the pandemic have resulted in the demand for daily needs online are rising.

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