Indonesia: Student-based platform Cetaku raises seed fund from IDN Media

Antonius Chandra, founder and CEO of Cetaku

By Mars W. Mosqueda Jr.

April 18, 2018

Cetaku, an Indonesian student-based platform that allows university students to print for free, has secured an undisclosed seed fund from IDN Media, that targets millennials in Indonesia.

The startup, which claims to have a user-base of over 50,000 university students and 400 student ambassadors, allows students to upload their lecture notes and then receive printed copies for free.

Cetaku monetises the platform by placing advertising into the students’ lectures notes, offering brands targeted advertising through detailed student profiles.

“The social aspect of the business builds a positive image for the sponsoring companies and improves the effectiveness and impact of a campaign,” Cetaku said in a statement.

The company said it will use the capital to accelerate user-base growth, community expansion, key hiring, and product development.

“We are committed to improving the livelihood and education journey of university students in Indonesia. This is the mantra of our product development initiatives,” said Antonius Chandra, founder and CEO of Cetaku.

Cetaku’s next product offering is Student Ambassador as a Service (SAaaS), in which students are able to gain valuable work experience as brand ambassadors for large corporations within their campus, Chandra disclosed.

Commenting on IDN Media’s investment, founder and CEO Winston Utomo said, Cetaku will be a powerful platform to empower university students going forward.

Also Read:

Indonesia: IDN Media raises Series B from East Ventures, Central Exchange

Indonesia’s IDN Media raises funds from North Base, East Ventures, others

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW