Otoklix Secures 28 Billion Rupiah Funding, Bridging Car Owners and Repair Shops through Application
Targeting 500 car repair shop partners and serving 100 thousand cars per month by December 2021
An online-to-offline solution startup that digitizes the automotive aftermarket industry in Indonesia (including car service or repair services), Otoklix, announced initial funding of $2 million or the equivalent of 28 billion Rupiah. This round is led by Surge, the accelerator program of Sequoia Capital India. Also participating in this round GK Plug and Play, Kenangan Investment Fund 1, Lentor Ventures, Noble Star Ventures, and Andree Susanto as the founder of Waresix.
Surge is an acceleration program by Sequoia Capital aimed at startup companies in Southeast Asia and India. This program is held twice a year, Otoklix has successfully become a representative from Indonesia to participate in the fourth batch of Surge with other selected startups from India, Singapore, Vietnam, Indonesia, and Australia.
The Indonesian car aftermarket market is projected to grow up to $15 billion, with 20 million cars being part of the industry market by 2025. This is one of the reasons for Martin Reyhan Suryohusodo, Joseph Alexander Ananto, and Benny Sutedjo to start the largest automotive aftermarket network in Southeast Asia.
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