Warung Pintar Reportedly Secures 87 Billion Rupiah Series B Funding
The funding was led by East Ventures and supported by Vertex Ventures; both are the previous investors
Warung Pintar is reportedly to secure series B1 round. According to our sources, 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 investors from the previous round.
We have contacted relevant representative, however, we have not received a reply until this news is published.
This new investment brings Warung Pintar's valuation to [est] $169 million. This is following the company's previous series A round in 2019.
Previously, aside from the two venture capitalists, Warung Pintar 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 an interview with DailySocial in late May 2021, Warung Pintar's Co-Founder & CEO, Agung Bezharie said that the company's mission is 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 brand owners.
"We are digitizing and integrating every stakeholder with our supply chain system to create better transparency and efficiency," he said.
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