Indonesia’s used cars platform Moladin closes $42m Series A round

Photo by Ivana Cajina on Unsplash

Moladin, an Indonesia-based marketplace for used cars and bikes, has closed a $42 million Series A funding round co-led by Northstar Group and Sequoia Capital India, according to regulatory filings.

The company has raised $30 million in fresh funding (Series A1) and allotted Series A2 preference shares worth $12 million to convertible noteholders that participated in a previous round, show its filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).

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