Sale Stock Gets Series B+ Funding Worth 360 Billion Rupiah

One of the digital startup sectors in the country that is developing quite far is business E-commerce. The latest news is the funding obtained Stock Sale after being included in the startup ranks at the Meranti ASEAN Growth Fund by Gobi Partners.

In the release we received, Stock Sale become a startup E-commerce the first to be included in the Meranti ASEAN Growth Fund portfolio. The funding this time is Series B+ funding for Sale Stock. Besides Gobi, there are other venture capitals such as Alpha JWC Ventures, Convergence Ventures, KIP, MNC, and SMDV.

In this round, Sale Stock is said to have received funding of $27 million or the equivalent of 360 billion rupiah. A large enough number to do a lot to win the business competition E-commerce in Indonesia.

Responding to this funding, one of the co-founders of Sale Stock Lingga Madu revealed the seriousness of Sale Stock in facing the market E-commerce in Indonesia.

“This new capital injection will be used to strengthen our position as the market leader in Indonesia and try to make a profit in the near future.”

The plan to be able to generate profit is also agreed by the President of Sale Stock, Jeffrey Yuwono. Quoted from e27 Jeffrey said that one of their main goals is to become a profitable startup in Indonesia.

“Our first goal is to be profitable in Indonesia, which we plan for next year. And after that we will think about regional expansion," he said.

On the other hand, Linga implicitly also mentioned that his party invited people who had the ability to technology and big data to join Sale Stock. The statement describes Sale Stock's grand plan which seeks to strengthen its technology lineup to compete in the Indonesian market.