Indonesian marketplace for FMCG, GudangAda, has raised a “double digit million” funding round led by Alpha JWC Ventures and Wavemaker, with participation from private equity fund Pavilion Capital, according to an announcement.
While the exact size of the round is undisclosed, Alpha JWC managing partner Chandra Tjan says he believes it is the “largest seed round in Indonesia”, and will help GudangAda play a pivotal role in empowering the FMCG ecosystem and be the leading player in the region.
