[Weekly Updates] Kopi Kenangan Secures $109 Million Funding, IDN Media Acquires Production House; and More

Coffee startup Kopi Kenangan has making the headlines as it secures $109 million new funding led by Sequoia India. Also there are bunch of new investments announced last week, like KlikDaily and Dekoruma.

In the meantime, new media rising star IDN Media has snapped Demi Istri Production to create IDN Pictures, company’s new venture in video content creation.

Kopi Kenangan Announces Over 1.6 Trillion Rupiah Worth of Series B Funding

The new retail startup Kopi Kenangan has announced a Series B funding worth of $109 million (over 1.6 trillion Rupiah) led by the existing investor investor, Sequoia Capital India. New investors include B Capital, Horizon Ventures, Verlinvest, Kunlun, and Sofina. Also participated in this round is Alpha JWC Ventures.

Following this round, B Capital and Facebook co-founder Eduardo Saverin will sit on Kopi Kenangan’s board of directors. He’s eager to help the company to make faster business transformation.

It’s said that the company is now valued at almost $500 million.

KlikDaily Secures Series A Funding, to Facilitate Small Shops with Supply Chain

B2B marketplace Klikdaily has booked Series A funding in May 2020. The value is still undisclosed. This funding was led by their existing investor, Global Founders Capital (GFC), a Rocket Internet’s venture arm.

The fund will be utilized to accelerate the company’s mission–to empower traditional stalls across the country through technology and infrastructure development.

Klikdaily also plans to replicate its current business model to bring more distribution centers in major cities of Indonesia until the end of 2020.

Dekoruma Secures Investor’s Fund on Pre Series C

Dekoruma, an interior design and construction services platform, announced Pre-Series C funding with an undisclosed value. The lead investors in this round include InterVest Star SEA Growth Fund 1, Foundamental, OCBC NISP Ventura, and Skystar Ventures. Also participated are investors from the previous round.

Dimas Harry Priawan, Dekoruma’s CEO, said the fund will be used to further invest in the development of SOMA products, as an interior design and project management application that connects designers, suppliers, contractors, and customers. Currently, the application has been used in more than 3000 interior design projects.

Dekoruma claims to achieve positive EBITDA by early 2021.

IDN Officially Acquires Demi Istri Production House, Introducing IDN Pictures

New media mogul IDN Media has officially announced the acquisition of an independent film company or production house, Demi Istri Production. The production house was founded in 2013 by director Fajar Nugros and producer Susanti Dewi. Following the acquisition, those two to lead the newly formed IDN Pictures.

Through film, IDN intends to re-shape the Indonesian film industry while at the same time brings positive influence to the community.

Dekoruma Secures Investor’s Fund on Pre Series C

Dekoruma’s interior design and construction services platform announced pre-series C funding with an undisclosed value. The main investors involved in this round included InterVest Star SEA Growth Fund 1, Foundamental, OCBC NISP Ventura, and Skystar Ventures. Also participated investors from the previous round.

Previously, Dekoruma has received series A funding from Skystar Capital, Beenext, and Convergence Ventures. Later, in the series B round, they booked a million-dollar fund led by Global Digital Niaga (Blibli) and AddVentures.

Dekoruma’s CEO Dimas Harry Priawan said in the release, fresh funds will be used to further invest in the development of SOMA products, as an interior design and project management application that connects designers, suppliers, contractors, and customers. Currently, this application has been used in more than three thousand interior design projects.

Dekoruma noted as the work from home situation ongoing, furniture and home furnishing purchases increased. More people are likely to make their living spaces more comfortable and productive as seen by increasing sales in various categories from home furnishings to kitchen utensils.

Furthermore, the company also claims there are currently no Dekoruma’s projects that are affected by social distance policy, because SOMA allows design and project management discussion between customers and interior design partners to be held virtually.

The developed technology enables Dekoruma to grow efficiently in 2019. Dekoruma claims to have achieved a positive economic unit for its retail business lines and interior design lines and is preparing to achieve positive EBITDA by early 2021.

At the end of 2019, Dekoruma revealed some of its achievements, the platform currently has around one million active users and 500 retail merchants. They also have an Experience Center and the number is to grow by this year, particularly in the Greater Jakarta area.

Although 70% of its focus currently lies on B2C, Dekoruma opens for partnerships with home development or property companies in Indonesia.

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Original article is in Indonesian, translated by Kristin Siagian

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Dekoruma Kantongi Pendanaan Pra-Seri C dari Sejumlah Investor

Platform jasa desain interior dan konstruksi Dekoruma mengumumkan pendanaan tahapan pra-seri C dengan nilai tidak disebutkan. Investor utama yang terlibat dalam pendanaan kali ini di antaranya InterVest Star SEA Growth Fund 1, Foundamental, OCBC NISP Ventura, dan Skystar Ventures. Investor dalam putaran sebelumnya juga turut berpartisipasi.

Sebelumnya Dekoruma telah mendapatkan pendanaan seri A dari Skystar Capital, Beenext, dan Convergence Ventures. Kemduian di pada putaran seri B, mereka bukukan dana jutaan dolar yang dipimpin Global Digital Niaga (Blibli) dan AddVentures.

Dalam rilisnya CEO Dekoruma Dimas Harry Priawan mengungkapkan, dana segar akan digunakan untuk berinvestasi lebih lanjut dalam pengembangan produk SOMA, yang merupakan desain interior dan aplikasi manajemen proyek yang menghubungkan desainer, pemasok, kontraktor, dan pelanggan secara mudah. Hingga saat ini, aplikasi ini telah digunakan di lebih dari tiga ribu proyek desain interior.

Dekoruma mencatat sepanjang aturan bekerja di rumah berlangsung, pembelian furnitur dan keperluan rumah meningkat. Terlihat lebih banyak orang yang berusaha membuat ruang hidup mereka lebih nyaman dan produktif dengan peningkatan penjualan di berbagai kategori dari perabot rumah tangga hingga peralatan dapur.

Kemudian perusahaan juga mengklaim, saat ini tidak ada proyek desain interior Dekoruma yang dipengaruhi oleh kebijakan jarak sosial, karena SOMA memungkinkan diskusi serta desain dan manajemen proyek antara pelanggan dan mitra desain interior bisa dilakukan secara virtual.

Teknologi yang telah dibangun memungkinkan Dekoruma untuk tumbuh secara efisien pada tahun 2019. Dekoruma mengklaim telah mencapai unit ekonomi positif untuk lini bisnis ritel dan lini desain interior, dan tengah bersiap untuk mencapai EBITDA positif pada awal 2021.

Akhir tahun 2019 lalu Dekoruma menyampaikan sejumlah pencapaiannya, saat ini platformnya telah memiliki sekitar satu juta pengguna aktif dan 500 merchant ritel. Mereka juga telah memiliki Experience Center dan rencananya tahun ini jumlahnya akan ditambah di area Jabodetabek.

Meskipun saat ini fokusnya 70% masih kepada B2C, namun Dekoruma juga terus membuka kemitraan dengan pengembangan rumah atau perusahaan properti di Indonesia.

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