Practically Closed Funding of 294 Billion Rupiah Led by East Ventures

Practically, a startup providing end-to-end supply chain solutions, has raised $20 million (over 294 billion Rupiah) for a series A round led by East Ventures (Growth Fund), with participation from Triputra Group and SMDV.

This investment will be allocated by the company to accelerate technology improvements for the employees brand as well as suppliers who want to have an easier business process. Then, build a team and improve the supply chain ecosystem on an ongoing basis end-to-end.

In his official statement, Practical Co-Founder and CEO Adrian Gilrandy said, in his internal research, there are more than $30 billion in the fashion and beauty market in Indonesia filled by SMEs. Through the process of aggregation, process improvement and technology implementation, he is optimistic that it can help them have a more efficient supply chain process so they can focus on improving and developing their business.