• Indonesian B2B marketplace GudangAda raises more than $100M in new funding

    3 days ago - By Tech Crunch

    GudangAda founder and chief executive officer Stevensang
    GudangAda , a Jakarta-based marketplace that brings wholesalers closer to retail stores and other buyers, announced it has closed a Series B of more than $100 million. The company says the round was oversubscribed, passing its initial target of $75 million. The funding was led by Asia Partners and Falcon Edge, with participation from Sequoia Capital India, Alpha JWC and Wavemaker Partners.
    This brings GudangAda's total raised so far to about $135 million. Its last funding was a $25.4 million Series A last year , led by Sequoia...
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