Telunjuk Closes Series-A Funding from Lippo Digital Ventures

Price comparison startup Telunjuk today announced their new round of series-A funding from Lippo Digital Ventures. Through this funding round, Lippo Digital Ventures' Partner Rudy Ramawy is joining Telunjuk's board seat together from Venture Republic and startup incubator Project Eden.

Telunjuk's Co-founder and CEO, Redya Febriyanto gave an official statement through press release, "We are grateful to meet and exchange ideas with John Riady and Rudy Ramawy from Lippo Digital Ventures. Rudy Ramawy’s leadership experiences across many large companies, including Google Indonesia, convinced us to seal the deal."

According to Hanindia Narendrata, Telunjuk's CMO, this series-A funding will be used for user and merchant acquisition, as well as to sharpen their focus on product development. One of the interesting path that will be taken by Telunjuk, is to expand regionally to a few countries in South East Asia such as Singapore, Philippines, Malaysia, Thailand and Vietnam. Narendrata adds, "it's still tentative on which country we want to expand into, but we want to target countries where English as a language is sufficient in the market".

Founded back in 2011, now Telunjuk claims 1.5 million monthly visits to its site that hosts more than 15 million products to compare, in result from its partnership with local e-commerce sites. Narendrata also confirms that Telunjuk's traffic source still mainly coming from Google searches, and that majority, almost 80%, comes from mobile.