The amount of the deal was not disclosed. According to a written note, the company is also backed by OPT SEA, GMO Venture Partners, Convergence Ventures, Aucfan, and Rebright Partners.
The company will use the capital to expand operations.
Founded in 2012 by Handy Chang, Indotrading provides small and medium sized companies with a destination to gain an online presence, promote themselves and set up e-commerce portals with customized domain names. This helps Indonesian SMEs who don’t have an online presence to use the Internet as an effective marketing tool to compete domestically and increase revenue.
The website, which is also available in English, gives them the opportunity to augment their visibility abroad.