On-demand laundry service provider Ahlijasa Indonesia has raised an undisclosed amount of seed funding. It has also announced the release of its iOS app. In another startup development, global pitch competition Startup World Cup returns in search for a $1 million investment prize winner in the SWC 2018.
Ahlijasa seed funding
Ahlijasa, the second runner-up in the SWC 2017, announced that it has raised an undisclosed sum of money in a seed funding round. Indogen Capital, Fenox VC, and 500 Startups participated in the investment.
The fresh funding, Ahlijasa said, will be used to improve service and build a larger team, especially in the technology side.
“We want to improve our product offerings and introduce our service to more customers especially in the Greater Jakarta area before we expand our business to other cities,” Jay Jayawijayaningtiyas, Ahlijasa CEO, said in a statement.
Fenox had invested in Ahlijasa in an earlier round as part of the VC’s GnB accelerator program back in 2016. Since graduating from the programme, Ahlijasa claimed that it has tripled its active user base.
Anis Uzzman, CEO of Fenox said: “We strongly believe that Ahlijasa will be an industry leader very soon. They have started with a key industry and will be able to scale to a variety of different industries with this funding.”
Startup World Cup 2018
Global startup pitch competition – Startup World Cup 2018 – that promises “global exposure, mentorship from global investors, and winning prizes”, is now open for application, it announced today.
Startups from around the world will compete for a $1 million investment prize, which will be handed out in May 2018 in San Francisco.
The competition expects to see more than 700 applicants from Southeast Asia, 70 per cent of which are Indonesian startups. The organizers are planning to do a series of roadshows in seven largest cities in Indonesia – Medan, Bandung, Yogyakarta, Bali, Surabaya, Makassar, and Balikpapan.
In the world cup 2017 series, Japanese startup UniFa took home the trophy after beating thousands of others from 15 regional events. Second place went to Open Bionics from the UK, followed by Indonesia’s Ahlijasa.