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

Jul 22 2021 by TechCrunch

 

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...

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