Indonesia based HR startup Talenta gets funding from Fenox, East Ventures

Silicon Valley-based Fenox Venture Capital and East Venture Capital have injected undisclosed fund into Talenta, an Indonesia human resource management platform.

Talenta, a cloud-based software as a service (SaaS) firm,  that services small and medium businesses manage their HR processes – plans to use the funding to add human resources, especially in sales and marketing.

Also Read: East Ventures invests in Indonesian delivery venture Popbox

Talenta’s founder and CEO Joshua Kevin said that the company also plans to scale up operations. “We intend to serve more than 10,000 companies in five years,” he added.

Currently, several fast-growing startups like Go-Jek, GrabTaxi, Qraved, Kudo and ShopDeca are on Talenta’s client list. Around 1,500 employees from these firms have already utilised Talenta’s services.

According to Kevin, the company had finally got a product-market fit and now intends to follow the SaaS model. SaaS, he says, is going to be the new standard of the company’s services.

The company plans to expand beyond subscription-based scheme to transactional based system.

PT Talenta Digital Indonesia was established in 2013 by Bridge Inc, a boutique consulting service for startups.

Fenox is a Silicon Valley-based venture capital works with emerging technology companies worldwide and specializes in assisting entrepreneurs in North America achieve global expansion in Asian, European and Middle Eastern markets.

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.