Warung Pintar Reportedly Receives Series B Funding Of 87 Billion Rupiah

Warung Pintar is reported to have booked new funding in the series B1 round. According to the sources of information we obtained, the value reached $ 6 million or equivalent to 87 billion Rupiah. The investor leading this round is East Ventures, supported by Vertex Ventures. Both are also long-time investors of Warung Pintar.

We have contacted the relevant parties, but until this news is published we have not received a reply.

This new investment brings Warung Pintar's valuation to [est] $169 million. This also continues the company's acquisition in 2019 in the series A round.

Previously, in addition to the two venture capitalists, Warung Pintar was also supported by a number of investors including EV Growth, Agaeti Venture (now AC Ventures), LINE Ventures, SMDV, Pavilion Capital, Triputra Group, Digital Garage, OVO Fund, and angel investors.

In joint interview DailySocial At the end of May 2021, the Co-Founder & CEO of Warung Pintar Agung Bezharie said that his company's mission was to present the most complete solution in the warung business ecosystem. This includes solutions for shop owners, wholesalers, small to large distributors, as well as owners brand.

"We digitize and integrate every stakeholder with system supply chain leaders so as to create greater transparency and efficiency," he said.

Earlier this year Warung Pintar also announced its acquisition of Bizzy for $45 million. Although it remains a separate business entity, this acquisition allows Warung Pintar to gain access to new channels in Bizzy's network, including wholesalers, distributors, and retailers. brand/Manufacturer.

It was previously known that Bizzy was a E-commerce B2B that provides services procurement complete technology based.

Supply Chain This is also a new evolution of the Warung Pintar business model. Past Smart Wholesale app, they provide inventory management and logistics services to wholesale owners; makes it easy to connect with warung channels on its network.