1. Startup

Init-6 Pours 72 Billion Rupiah Seed Funding to IDCloudHost

Funding will be used to expand services across Southeast Asia

A Venture Capital founded by Bukalapak's co-founder Achmad Zaky, Init-6, has just announced its latest investment of $5 million or around Rp72 billion to IDCloudHost, a local cloud service provider and data center.

In a virtual media presentation, Zaky revealed that IDCloudHost is his 11th portfolio after the venture capital was founded in April 2020.

"Since founded a year ago, we have observed around three thousand [startup] companies in Indonesia. We invested in IDCloudHost as we saw the cloud market grows rapidly. The products they offer are suitable for expanding into the Southeast Asian market," he said.

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