Indonesian e-classifieds marketplace Jualo raises seed funding

Jualo has secured seed funding from Mountain Kejor and Alpha JWC

Indonesian marketplace business Jualo, which launched in 2014 has secured an undisclosed amount in seed funding from Mountain Kejora and Alpha JWC Ventures. Jualo claims to have facilitated $100 million in transactions since its launch.

Founded by Dutch entrepreneur Chaim Fetter, Jualo operates a model thats a hybrid – combining the classic eclassifieds business model with a marketplace platform – and integrating geo-search functionality and user verification. This allows consumers to find reliable vendors in proximity to their residence. Capital from the seed round will be used to expand Jualo’s team, as well as accelerating product development and marketing efforts within Indonesia.

According to Chandra Tjan of Alpha JWC Ventures, the second-hand online marketplace has large potential. “We believe Chaim and the Jualo Team really understand the market and took the right approach to tackle the key market issues in order to become the winner in this space,” he said.

Given the challenge of monetisation, Jualo has claimed to surmount this by generating revenue within its initial operational period, focusing on revenue streams from both advertisers and users. Commenting on Jualo, Chaim stated, “By working hard, being obsessed with the business and use our deep understanding of the Indonesian consumer, we will become the platform of choice for people who wish to trade their second hand goods”.

Speaking on the investment, Sebastian Togelang of Mountain Kejora said “We believe strongly in the Jualo team. They really understand how to match an eclassifieds business model with the specific demands of the Indonesian consumer. We strongly belief that Jualo will play a key role in this market segment, and will take on the position as market leader soon”.

Also Read: Livaza raises undisclosed seed round from East Ventures

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.