Indonesia’s Moladin receives funding from East Ventures in pre-Series A round

The Jakarta-based e-commerce platform for motorcycles has received an undisclosed amount of funding in its pre-Series A round led by East Ventures.

Indonesia’s Moladin receives funding from East Ventures in pre-Series A round | BEAMSTART News

Moladin, established in 2017, provides a marketplace for Indonesian consumers to purchase new motorbikes.

Previously in July 2018, Moladin announced a fresh capital injection of $1.2 million from East Ventures, Berjaya Group, and Ethos Partners.

The startup claims to draw over 8,000 listings within seven months when it opened its platform for used motorbikes in May 2019.

Moladin plans to use the new capital to scale up its existing products, expand to other cities, and build out new features such as a category for new-car sales.

“Since its inception, Moladin continues to improve its products and innovation to answer the needs of all Indonesian motorists. This is in line with Moladin’s vision to become a one-stop automotive platform and an inseparable part of Indonesian motorists’ lifestyle,” Mario Tanamas, COO of Moladin, said.

BEAMSTART is a Hub for Startup News, Business Networking, and Entrepreneurial Resources. Expand your network, discover new possibilities, and tap into a vast database of resources that can help you go further in your business and career.


Download the App

The app for business networking and startup resources. Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).