1. Startups

Tokban Presents as a B2B Marketplace for Fulfillment of Building Materials

Has received initial funding support through participation in the Accelerating Asia Cohort 6 program

One sector that still has great potential is construction and building. Starting from the provision of building materials to meet the needs of building shops, contractors, to developers.

Seeing this opportunity, Tokban (Toko Bangunan) is here to provide integrated services and solutions to those in need. With local product options to various payment options, the platform is expected to be the choice in fulfilling construction materials, MRO (maintenance, repair, and operations), and other home renovation needs.

"Based on experience, I have seen that construction is still a profitable business from the past. However, until now it is still very fragmented from the supply side because most of them can only provide options. brand on a limited basis, making it difficult for them to collaborate with other brands," said Tokban Co-founder & CEO Jordy Salim.

Added by him, for contractors and developers when they want to get Quotation the choice of building materials still find various difficulties. These difficulties include how to contact beg and principal to be able to meet their needs.

"When we met with Co-founder Tiffany Alice Munroe, we finally started to look for the ideal way to meet the needs of building shops and contractors. The reason we chose these two buyers was seen from their work model which was very organized and reliable," said Jordy.

The building materials available in Tokban are varied, ranging from paints, home appliances, accessories pintu, and others. Although currently they are focusing on the B2B segment, it is possible that in the future Tokban can become an integrated platform that can provide services such as handyman and others for the B2C segment.

Although there are not many, recently a number of startups have appeared trying to solve issues in the property sector --- especially in fulfillment and construction management. Among them BRIK and GoCement which presents a B2B Commerce platform for the fulfillment of building materials. There are also AMODA for project management. The three startups have already booked initial funding.

Payment options paylater

In addition to taking advantage of sales of about 15% margin from beg and principal, Tokban also provides payment options to buyers via options paylater up to IDR 2 billion in accordance with the applicable terms and conditions. Thus for buyers such as building shops and contractors, they can meet their needs without any cost barriers.

This choice was given because of the habit of building shops which often provide payment options after the work is completed, to customers they trust.

"Departing from that concept, we ensure that beg and principal that Tokban buyers can then make payments with options paylater. Of course, after the screening process we did. To be able to provide this service we work with companies finance," said Tokban Tiffany co-founder Alice Munroe.

Tokban is one of the startups participating in the Cohort 6 program Accelerating Asia. Accelerating Asia launches Fund II in 2021. Cohort 6 is the second wave of investment for Fund II that will deploy capital to pre-series A startups across Southeast and South Asia.

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Currently, Tokban has received capital from the Accelerating Asia acceleration program. In order to accelerate business growth, the company plans to raise funds in the early stages of this year.

Tokban also has plans to acquire 1000-2000 new buyers on the platform. Currently they have partnered with more than 100 suppliers and principals. For the current service area, Tokban is still focused on the Jabodetabek area. However, in the future, judging by the opportunities that exist, it is possible that they will expand outside Jabodetabek.

"Tokban is relevant to be present in Indonesia, as a developing country there is still a lot of development being carried out in various locations. Thus, Tokban can be the right platform to support related parties to launch building construction," said Tiffany.

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