1. Startups

Merchandise Gets Funding from Kejora-SBI Orbit Fund

Marks the 10th and final investment from Kejora-SBI Orbit Fund, a fund managed by Kejora Capital and SBI Holdings

Startups rural commerce The new merchandise received additional funding from the Kejora-SBI Orbit Fund. This is what Billy Boen said as one of Kejora Capital's partners. Also conveyed in his statement that this is the 10th and final portfolio of the managed fund.

Since its inauguration in June 2020, the Orbit Fund which is jKejora Capital and SBI Holdings, has invested in a number of Indonesian startups, including platforms point of sale Olsera and electric motorbike battery infrastructure developer SWAP.

After the Orbit Fund no longer continues, according to the information we received, the Kejora team will focus the funds managed with SBI to Maven Asia Capital. Apart from SBI, the managed fund, which will soon close its first phase, is also supported by well-known individual LPs such as Toto Sugiri, Andy Zain, Dharsono Hartono, and a number of others. It is reported that they are targeting a fund of $150 million to invest in startups early and growth traineeship.

Trade Funding

Dagangan is currently raising further funding after previously closing a pre-series B round supported by BPTN Syariah Ventura and Monk's Hill Ventures worth $6,6 million.

Confirmed separately, Co-Founder & CEO of Dagangan Ryan Manafe said that the funding from Orbit Fund is still in the same round as the latest acquisition of W Inc, financier from Japan.

Sebagai rural commerce, Dagangan focuses on serving users in tier-3 and 4 cities. Dagangan supplies various selling materials for small-medium retailers. Just focusing on the island of Java, Dagangan currently serves 75 thousand+ stalls/shops with 5 thousand+ product SKUs.

Offer supply chain more efficient, Trade claims their selling prices are 20% lower and produce revenue 2x for retailers.

With an operational model in the form of hub & spoke for last mile delivery through 50+ micro-hub in strategic locations, Dagangan claims to be different from startups social commerce in general. It is known that a number of similar players are currently having difficulties (and are no longer operating), including Ula and RateS.

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