Home Startups Indonesia's Mobilkamu, an online dealer platform for new cars, raises Series A...

Indonesia’s Mobilkamu, an online dealer platform for new cars, raises Series A funding round

Posted on

- Advertisement -

Mobilkamu, Indonesian online automotive dealer platform, has secured an undisclosed amount in a Series A round led by East Ventures and Genesia Ventures. Also participating in this round is Denali Mitra.

The startup plans to use the fresh funding to achieve its goal of becoming the top-of-mind new car buying platform in Indonesia by expanding its reach and to further develop its products and technologies.

The previous round of seed funding was raised in November 2017.

Founded in 2015 by Wilton Halim, Kalen Iselt, and Caue Motta, the co-founders aims to solve an existing problem in Indonesia’s new car industry. Mobilkamu introduces a seamless experience of purchasing a new car by removing unnecessary end consumer interacting with too many parties, with the promise of offering “the fairest price in the market.” This new way of buying cars also provides an alternative to consumers where in the past the only option for customers to buy a new car is to go directly from dealer to dealer to find the best deal.

Mobilkamu claims to sell 150 cars every month and it has established partnerships with over 80 car dealers and several financial partners including Bussan Auto Finance, BCA Finance, Mega Auto Finance, Mandiri Tunas Finance, and Bank Jasa Jakarta.

Felicia Calle
Felicia Calle
Australia | Felicia's fascination with tech began in the 90s, and she loves to update readers on the best tech deals on the internet. When she’s not writing, you’ll find her travelling around the world.

FEATURED READ

How ShopBack Enables Better Savings with Cashback and Online Shopping Offers

When e-commerce first took off in the region five years ago, merchants were following a standard formula which would lead to reasonable success: build...

 Submit a Story

Do you have a story to share? We will help you inspire, connect, and celebrate with our thoughtfully vibrant community. Click here to find out more!

 Latest Stories

The complete guide to buying air-con in Singapore [Infographic]

Battling the hot and humid weather in Singapore without the aid of air-con can be brutal. Air-conditioning accounts for up to...

140 interesting digital marketing statistics for 2019

Digital marketing is evolving at an explosive rate, making it more difficult for businesses to keep up with the latest industry...

US e-scooter startup Lime picks Singapore as regional HQ

The island city-state will be the headquarters of the US startup, Lime, for its Asia-Pacific expansion plan, with the central business...

Malaysian fintech startup raised pre-series A investment

MoneyMatch announced that it had raised an undisclosed amount in pre-Series A funding led by Cradle Seed Ventures.

Disney+ streaming service launches on 12 November for US$6.99 per month

Disney confirmed on Thursday that its streaming service, Disney+, will launch on 12 November for US$6.99 a month or US$69.99 per...