Kudo, a Jakarta-based startup ventures that develops solutions for the e-commerce and payments market in Indonesia, has secured an additional round of venture funding from a corporate investor, the Emtek Group. The financial terms of the Series A investment were undisclosed.
The Emtek Group is the second largest media conglomerate in Indonesia, with three main business divisions – media, telecommunications and IT solutions. Emtek has made several venture investments in the last few months, including startups such as Bukalapak and Bobobobo.
