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The investment round was led by EMTEK Group, who had also invested in Bukalapak and Bobobobo
Indonesian e-commerce kiosk Kudo announced that they have raised an “eight digit” US Dollar investment round led by EMTEK Group, who had previously invested in Bukalapak and Bobobobo.
Kudo’s previous investors East Ventures, 500 Startups, Singapore Press Holdings, IMJ Investment Partners, and Skystar Capital also participated in the round.
Founded by Albert Lucius and Agung Nugroho, the Jakarta-based startup aims to help non-digital customers to experience e-commerce by appointing sales agents that they can visit and shop from. Kudo’s sales agents are being equipped with a tablet and an app, enabling customers to buy everything from a bar of soap to phone credits.
The purchase will then be delivered to the customers’ home. They are also able to pay using cash, which remains the most popular payment method in Indonesian e-commerce scene.
In a press statement, the startup claimed to have 150,000 sales agents across Indonesia. It plans to use the new funding to increase the number of sales agents.
Kudo also announced the appointment of Sukan Makmuri as the company’s new CTO. Having worked at leading Indonesian online forum Kaskus.id before, Makmuri spent a long time working in the US before going back to Indonesia.
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Kudo hopes that Makmuri’s participation will help encourage more Indonesian talents working abroad to “come home and contribute in building Indonesia’s digital economy.”
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