Indonesia price comparison startup Telunjuk gets Series A funding from Lippo Digital Ventures  

Visual of the Telunjuk website. September 2015

An Indonesian start-up company Telunjuk, that operates an online price comparison platform, has received an undisclosed amount of Series A investment from Lippo Digital Ventures, which is affiliated to the Lippo Group.

Telunjuk’s co-founder Redya Febriyanto said, in a press statement, the funds will be used to hire talent as well as to expand the company operations to other parts of Southeast Asia in 2016.

Following the investment, John Riady and Rudy Ramawy from Lippo Digital Ventures will join the board of Telunjuk as commissioners. Co-founders Febriyanto and Hanindia Narendrata Rahiesa will continue on the board of directors.

The startup’s board also has representatives of existing investors – Venture Republic Inc and Project Eden.

Set up in 2011, Telunjuk claims 1.5 million monthly visits to the site and hosts over 15 million products to compare.

Febriyanto and Rahiesa graduated from Bandung Institute of Technology and worked in a telecom firm in Indonesia for three years before they set up Telunjuk,

They joined an incubator programme called Project Eden, a pre-seed investment company. Eden consists of proven entrepreneurs, investors and technologists who help startups in areas such as talent management, finance, marketing, financing and fundraising.

In 2013, Telunjuk secured first investment from Venture Republic Inc of Japan, a vertical search online company owns and runs Travel.jp (travel meta search), Hotel.jp (review hotel / meta search) and several other online media properties in Japan.

Also Read: Indonesia online commerce to touch $25b by 2016

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.