Indonesian O2O startup Kudo lands funding for multi-payment ecommerce solution

IndonesiaKudo, an online-to-offline ecommerce startup from Jakarta, today announced a seven-digit funding round led by GREE Ventures and East Ventures (Disclosure: East Ventures also invests in Tech in Asia. See our ethics page). 500 Startups and IMJ Investment Partners also participated in the round. This new funding comes just a few months after Kudo announced its seed round from East Ventures in November 2014.

https://www.techinasia.com/indonesia-online-to-offline-ecommerce-funding-news/

This startup bets that its kiosks can take Indonesian ecommerce to the next level

Most technopreneurs in Indonesia have a positive outlook on the archipelago’s potential for new ecommerce enterprises. This much is evident as SoftBank and Sequoia Capital are handing out checks for US$100 million. But according to Albert Lucius, co-founder of Kudo, Indonesia’s ecommerce sector is hampered because less than 6 percent of locals actually own credit cards. Lucius describes his company as a tech firm that offers a new way to shop online through physical point-of-sale kiosks in public places around Jakarta.

https://www.techinasia.com/indonesia-kudo-point-of-sale-east-ventures/