How Much Did Dagangan Raise? Funding & Key Investors

Dagangan has successfully raised significant funding through four rounds, attracting a diverse group of 12 investors, including Kejora-SBI Orbit and W inc. The platform leverages a tech-enabled approach to provide daily necessities at affordable prices, particularly targeting rural communities in Indonesia.

Keep reading to explore the intricacies of Dagangan's fundraising journey and the investors backing this innovative platform.

What Is Dagangan?

Dagangan is a tech-enabled commerce platform that provides access to daily necessities at affordable prices, particularly targeting rural communities in Indonesia. The company operates in various sectors including e-commerce, retail, and information technology.

Based in Kembangan, Jakarta Raya, Indonesia, Dagangan employs between 251-500 people. The company leverages a hub-and-spoke approach to distribute products efficiently and operates over 50 micro-hubs in tier 3-4 cities to facilitate access to affordable products.

How Much Funding Has Dagangan Raised?

1. Series Unknown
   • Amount Raised: USD 18,500,000
   • Date: July 2024
   • Lead Investors: Kejora-SBI Orbit
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support small and medium enterprises in tier-three and tier-four cities in Java.
2. Series B
   • Amount Raised: USD 6,500,000
   • Date: June 2022
   • Lead Investors: BTPN Syariah
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance technological capabilities.
3. Series A
   • Amount Raised: USD 11,500,000
   • Date: September 2021
   • Lead Investors: Monk’s Hill Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate product development and expand market reach.
4. Seed
   • Amount Raised: Not publicly disclosed
   • Date: June 2021
   • Lead Investors: CyberAgent Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support initial product development and market entry.

Total Amount Raised: USD 36,500,000. Current Valuation: Not publicly disclosed.

Key Investors

• Kejora-SBI Orbit
  • Details: A venture capital firm that invests in early-stage technology companies in Southeast Asia. It was launched as a collaboration between Kejora Capital and SBI Holdings.
  • Investment Focus Areas: Fintech, e-commerce, digital media.
  • Notable Investments: Dagangan, various tech startups in Southeast Asia.
• BTPN Syariah
  • Details: A financial institution that provides banking services based on Islamic principles. It focuses on microfinance and financial inclusion for underserved communities.
  • Investment Focus Areas: Microfinance, financial inclusion.
  • Notable Investments: Dagangan, financial inclusion initiatives.
• Monk’s Hill Ventures
  • Details: A venture capital firm that invests in early-stage tech companies in Southeast Asia. It focuses on sectors like fintech, e-commerce, and enterprise software.
  • Investment Focus Areas: Fintech, e-commerce, enterprise software.
  • Notable Investments: Dagangan, Ninja Van, other tech startups.
• CyberAgent Capital
  • Details: A venture capital firm that invests in internet-related businesses globally. It focuses on sectors like e-commerce, digital media, and mobile applications.
  • Investment Focus Areas: E-commerce, digital media, mobile applications.
  • Notable Investments: Dagangan, Tokopedia, other internet businesses.

What's Next for Dagangan?

Dagangan's future looks promising as it continues to expand its reach in tier-three and tier-four cities in Java. The company's hub-and-spoke delivery model not only supports small and medium enterprises but also has the potential to significantly reduce selling prices and double the revenue of participating retailers. This presents a substantial opportunity for growth in rural commerce.

With the backing of the Kejora-SBI Orbit Fund and potential future investments from Maven Asia Capital, Dagangan is well-positioned for further fundraising opportunities. These funds could be pivotal in enhancing their supply chain model and expanding their market presence.

However, Dagangan may face challenges such as competition from other rural commerce startups and managing the complexities of logistics in rural areas. Ensuring sustainable growth while maintaining cost reductions and revenue increases for retailers will be crucial for their continued success.

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