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.
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.