Indonesia’s Ekrut bags Series A funding from Venturra, Prasetia Dwidharma

Human resources. Pixabay.

Indonesian venture capital firm Venturra Capital and investment company Prasetia Dwidharma are learnt to have invested in local human resource tech company, Ekrut, according to three people aware of the development.

Early last year, the HR tech startup had raised an undisclosed seed round from Indonesia’s leading early-stage investor, East Ventures.

Executives aware of the development said that Ekrut had recently closed a Series A round of over $3 million from Venturra Capital and Prasetia Dwidharma. These executives further added that Prasetia was likely to have invested in the company’s pre-Series A round in early 2018 as well, although this could not be independently verified by this portal.

The company did not reply to an email query from DEALSTREETASIA.

Ekrut, a curated marketplace which facilitates the headhunting process between employers and qualified talent, was launched in September 2016 by Steven Suliawan, Ardo Gozal, and Anthony Kusuma.

Prior to launching the HR tech firm, Suliawan was an entrepreneur in residence at East Ventures, and used to run the VC firm’s loyalty-programme startup. Gozal ran a toy marketplace startup, even as he worked as a headhunter at Monroe Consulting, while Kusuma did stints with several companies handling digital marketing, product development and headhunting process.

Ekrut says it enables employers to get high calibre talent during their hiring process. Riding on technology, the company claims its platform can not only speed up the whole process of headhunting, but also make it more relevant.

The (Ekrut) platform automates the headhunting processes, beginning from making search requests, searching potential candidates, delivering talent profiles, and setting interviews, eliminating back and forth email with delayed responses, the company had said, during its previous funding round. At that time, the company also it had recruited candidates for about 30 companies, including local unicorns such as Tokopedia and Go-Jek.

In 2017, East Ventures had also invested in the seed round of Jakarta-based HR tech startup Synergo.  Also, in late 2016, another Indonesian HR management and payroll platform, Gadjian, had raised funding from Golden Gate Ventures together with Maloekoe Ventures.

 

Also Read:

Indonesia: HR tech startup Ekrut gets seed funding from East Ventures

Exclusive: Indonesian investor Prasetia Dwidharma to raise $30m debut fund

 

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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.