1. Startups

Hypefast Reportedly Pockets Additional Funding, Enters Centaur Rank

Investors in this round are mostly those who were previously involved in series A pendanaan funding

Retail group startups online Hypefast reportedly pocketed additional fresh funds of $5,5 million (over 78 billion Rupiah). According to sources DailySocial.id, this round was joined by Monk's Hill Ventures, Jungle Ventures, Strive, Amand Ventures, and several others. The ranks of these investors previously participated in the round series A for $14 million in July 2021.

With this funding, establishing Hypefast into the ranks of startup centaur (aspiring unicorn) next in Indonesia. Centaur is a term for startups that have reached a valuation of over $100 million and under $1 billion. One of these valuations is measured based on the total funding obtained from investors.

Hypefast has yet to officially confirm the two rounds of fresh funding. Until this news was published, no response has been given from company representatives.

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