Indonesia: Lakupon raises $742k; Ninja Van expands its services

Emtek Group’s unit Lakupon has landed $742,000 investment from New Wealth Capital in a round led by managing partner James Tan and Partners Sean Lim. Meanwhile, Singapore-based Ninja Van has announced the extension of its services to Indonesia.

Lakupon lands $742k funding

Lakupon founder Leonard Kwee said that the new funding will be used to sell coupon vouchers through the BBM platform. Despite the declining popularity globally, BBM remains big in Indonesia with more than 60 million users.

“BBM will be focussed on becoming Lakupon’s O2O messenger platform,” said Kwee in a press statement.

Lakupon is an Indonesian O2O daily deals platform that belongs to Emtek Group’s digital services company PT Kreatif Media Karya (KMK). It sells up to 90 per cent discount coupons for a wide range of activities, goods, and services, such as restaurant dine-ins, foods, sport events, electronic gadgets, spa treatment, toys and many more.

Emtek Group purchased the startup back in June for the brand, IP, and technology licensing rights of messaging app Blackberry Messenger (BBM).

Ninja Van expands to Indonesia

Logistics company Ninja Van has announced that it is extending its services to Indonesia with the brand ‘Ninja Xpress’. The service, which is aimed for Indonesian retailers of all sizes, is equipped with real-time tracking and detailed monthly reports.

Indra Wiralaksamana, country head for Ninja Xpress said, Indonesia as an archipelago poses significant challenges for e-tailers and logistics providers to ensure efficient and timely deliveries.

“As the leading tech-based logistics provider in Southeast Asia, we aim to provide transparent and highly reliable last-mile delivery services, especially for e-commerce retailers in the country,” Wiralaksamana said.

Ninja Van was launched in 2014 and is headquartered in Singapore. With its expansion to Indonesia, Ninja Van now operates in five countries including Malaysia, Thailand and Vietnam.

Also Read:

Indonesia: Metrodata buys app developer Dwitunggal Solusindo; Mahaka invests in startup Goers

East Ventures leads seed funding in Indonesia’s ‘SaaS for K-12’ startup Quintal

Indonesia’s on-demand startups still ‘hot items’: Fenox Ventures

Indonesian agritech startup Eragano bags seed funding 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.