Indonesia: Crowdfunding startup Danadidik raises seed round from impact fund

Photo by Štefan Štefančík on Unsplash

DanaDidik, an Indonesian crowdfunding platform for students, has raised seed funding from Singapore-based impact investment fund Garden Impact, Tech in Asia reported.

The fresh funds will be used to “scale and enhance technology and service”. Meanwhile, financial terms were not disclosed.

Garden Impact focuses its investments on Southeast Asian businesses that create jobs and provide services and products for the marginalized. Its expansion capital is aimed for SMEs that have social impact, with potential for growth and asset appreciation. Agriculture, healthcare, basic infrastructure, clean energy, and consumer services and products are among the key sectors the fund operates in.

“Garden Impact’s business is in line with our vision. We need patient capital,” the startup’s co-founder Dipo Satria was quoted as saying by Tech in Asia.

DanaDidik enables Indonesian students to borrow funds from their sponsors, which they can pay back in instalments once they have graduated and found a job.

DanaDidik was one of the nine startups that recently graduated from Plug n Play Indonesia’s acceleration program. It completed the program along with other eight startups – video platform for job interviews Astronaut, financial management firm Brankas, online bus ticket booking site Bustiket, two-wheeled vehicles ad provider Karta, KYCK, second-hand car inspection service provider Otospector, groceries e-commerce firm Sayurbox, and job portal Wonderworx.

PNP Indonesia is now in the process of recruiting startups for the second batch of its accelerator programme.

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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.

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.