Indonesia’s FDN raises $1m Series A funding

Female daily homepage

Indonesia’s Female Daily Network (FDN), which operates websites such as Female Daily and Mommies Daily said it has raised $1 million in a Series A funding from a group of investors led by Ideosource.

The other investors include Sinar Mas Digital Ventures and Jakarta-based Convergence Accel. FDN said it would use the proceeds to improve its mobile and web platforms and enhance the experience of its 25 million users. According to the company, it has had 70 million page views in 2013, and was currently registering “several million monthly visits.” FDN expects to cross the100 million page views this year.

FDN had also raised an undisclosed amount in 2011.

“Our vision has always been about empowering women. We want to be known as the place for Indonesian women to unlock their full potential. It’s a huge dream and partnering with these investors will widen our network and help take us further towards realizing that dream,” Hanifa Ambadar, FDN’s founder and CEO, said in a statement.

Andi S Boediman, managing partner, Ideosource, added:  “Female Daily represents the empowered Indonesian women where they have an open community to share knowledge, experience, network and friendship. Women see beauty as a source of confidence to help them raise their self-esteem and unleash themselves. This is where FDN fits into the behavior of Indonesian women. FDN has the capability to be the ultimate source of insight and consumer behavior which can help brands to create future campaigns and strategies.”

Ideosource is an Indonesia based incubator and venture capital firm focused on startups in the sectors of online content, media, advertising, e-commerce, payment and supporting infrastructures in web and mobile technologies.

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.