aCommerce Grabbed $5 Million to Develop Indonesian Market
Randi Eka - 12 May 2015
aCommerce informed that they have just closed an investment worth $5 million (or more than Rp 65 billion) from a group of investors consists of Ardent Capital, Sinar Mas, and Inspire Ventures. The money is planned to be allocated on tech platform development and e-commerce growth in Indonesia.
In press release they delivered, a bigger funding for Series B has been planned to be put in the second half of 2015. The massive growth of e-commerce in Indonesia has encouraged the company to broaden their marketing area and upgrade the tech infrastructure and storage capacity. This will inevitably lead to recruitment of more employees, in which they plan to have at least 300 of them.
aCommerce had previously succeeded in colelcting $10.7 million back in June 2014, making the company earned the biggest Series A funding in Southeast Asia. The funding was allocated to improve the company’s four main pillars, which are technology, human resources, infrastructure, and partnership.
That Indonesia becomes aCommerce’s marketing focus isn’t that surprising. The demand coming from the local e-commerce players, covering logistic service, warehouse, and supply chain, has been one of triggers that drive aCommerce’s business forward. This leads to a need of faster and better services, in which aCommerce play their part. In Indonesia, MatahariMall and Zalora are aCommerce’s partners that massively contribute to the market.
In Indonesia, aCommerce runs under Adrian Suherman, who is agile enough in seizing opportunities. The company’s involvement in MatahariMall’s development is one of what he’s capable of. The partnership ended up with Hadi Wenas (aCommerce Indonesia’s ex-CEO) being MatahariMall’s CEO.