SB ISAT invests in Indonesian job site Qerja

Brand image from the Qerja's social media page

Indonesian job site Qerja announced Wednesday that it had raised Series A financing from Indosat-SoftBank joint venture SB ISAT at a ‘eight digit US dollar figure valuation’.

The company did not reveal the deal details, but said the financing round was one of the highest Series A valuations of any Southeast Asian startups.

Qerja said it will use the cash injection to invest in human resources and technological developments.

The eight-month old job site, which terms itself a community for sharing information about workplaces and salaries, currently operates in Indonesia and Malaysia. It had earlier obtained seed funding from Mountain Kejora Ventures.

Qerja.com’s co-founder Veronika Linardi said: “At Qerja.com, we want to eliminate the taboo of discussing salary and company reviews in Indonesia. Our solution helps talented employees find great new jobs and help great companies find talented new employees.”

Qerja is a community to share information about the work and salary range review, especially for local companies. It owns a database that consists of thousands of salary data and reviews from employees

In May 2014, Indonesian mobile telecom operator Indosat and Japanese Softbank had launched a $50 million venture capital fund – SB ISAT Fund – targeted at Indonesian start-ups, with focus areas for investment being e-commerce, digital, social media and mobile financial services.

Indosat-SoftBank’s managing partner Kabir Misra said in a statement that the fund was convinced that Qerja’s “innovative business structure, highly relevant strategies and talented management team would disrupt the large, lethargic incumbents currently in the region.”

Qerja says its user-generated online community is the first platform in Indonesia that sheds light into otherwise opaque compensation packages and hiring practices.

“Now, anyone can discover the salaries of various positions, the pros and cons for working at local conglomerates as well as multinational companies candidly from existing or past employees. We maintain the anonymity of everyone who provides information to protect their privacy,” added Veronika.

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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.