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.