Indonesia: Infonesia closes seed round from 500 Startups

Screenshot of Infonesia page. May 2017.

Indonesian Q&A platform Infonesia has raised seed funding from international venture capital major 500 Startups, the company announced. The startup offers a social network product that performs Q&A with the difference being that it samples sites like Quora and live streaming apps.

Proceeds from 500 Startup’s investment will be used to hire developers, with its current team consisting of only seven people. It will also fund brand development and client acquisition efforts.

Founded by a former intern of Uber Indonesia, Ihsan Fadhlur Rahman, the startup was established in August 2016 as a knowledge sharing platform that partners with notable figures in the entertainment sector to offer content for Indonesian audience at agreed value.

The startup disclosed the development on its Instagram account on 19 May 2017. The transaction is unique due to being able to secure a term sheet even before it secured a term sheet. The app is currently in the market and is available on the Google Play store as at 16 May.

The app lets users pose questions that can be directed at celebrities, public figures, or friends. These can then be answered by people selecting a questions and posting a picture with an attached voice message. However, Infonesia can make recipients pay to unlock the answer for a set price.

Others can also pay to unlock the answer via a feature called “eavesdropping”, which costs 1000 rupiah. Payments from eavesdroppers are split evenly between the person who asked and the person who answered.

Founded by a former intern of Uber Indonesia, Ihsan Fadhlur Rahman, the startup was established in August 2016. According to an interaction with Tech in Asia, app development only commenced in March 2017, with the founder explaining: “Between August 2016 and January 2017 I interviewed about 60 developers to find the right person to build this app.”

The platform is modelled after the likes of Ask.fm and Quora, which are not adapted to the Indonesian market. The inspiration for the concept has its roots in a conversation by Rahman with a fellow postgraduate staudent while reading their MBA.

Also Read:

500 Startups keeps 20% failure rate after 6 years: Khailee Ng

500 Startups targets 100 Indonesian companies with latest $50m fund

Indonesia: Stockbit raises new round from 500 Startups, other investors

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.