Image Credits: GudangAda
GudangAda, a Jakarta-based marketplace that brings wholesalers closer to retail stores and other buyers, announced it has closed a Series B of more than $100 million. The company says the round was oversubscribed, passing its initial target of $75 million. The funding was led by Asia Partners and Falcon Edge, with participation from Sequoia Capital India, Alpha JWC and Wavemaker Partners.
This brings GudangAda’s total raised so far to about $135 million. Its last funding was a $25.4 million Series A last year, led by Sequoia Capital India and Alpha JWC.
Founded in January 2019, GudangAda is now used by half a million SMEs and covers 500 cities in Indonesia. Before raising its Series B, it had already grown to $6 billion in net merchandise value on $35 million of funding. Principal manufacturers and distributors on the platform range include food products company Sido Muncul, seasoning maker Sasa and British multinational consumer goods group Reckitt Benc
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Herbal Medicines Market 2021 Key Vendors, Geographical Regions, and Industry Segmentation 2028
tusharJuly 10, 2021 Herbal Medicines Market
Herbal medicines are a type of dietary supplements extracted from different parts of the plant such as leaves, bark, seeds, berries, and roots. Herbal medicines are available in various dosage forms such as tablets, extracts, dried plants, and others.The global herbal medicines market is segmented based on product type, application, and geography. Based on product type, the market is divided into medicinal part, medicine function, and active ingredient.
Herbal Medicines Market Report provides an overview of the market based on key parameters such as market size, sales, sales analysis and key drivers. The market size of the market is expected to grow on a large scale during the forecast period (2019-2026). This report covers the impact of the latest COVID-19 on the market. The coronavirus epidemic (COVID-19) has affected all aspects of life
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Trade Minister Muhammad Lutfi speaks at the House of Representatives after legislators approved the draft bill of the Indonesia EFTA Comprehensive Economic Partnership Agreement (IE-CEPA) in Jakarta on April 9. INDONESIAN TRADE MINISTRY
How Indonesia plans to benefit from EFTA trade deal
Wed, 21 April 2021
Indonesia’s House of Representatives recently approved a draft trade deal with the four member European Free Trade Association (EFTA) that is expected to facilitate foreign investment and liberalise trade in goods and services, particularly commodities such as palm oil and raw metals.
The Indonesia-EFTA Comprehensive Economic Partnership Agreement (IE-CEPA) was approved by the House on April 9 and has been called Indonesia’s doorway to the wider European market. The non-EU trade bloc consists of Iceland, Liechtenstein, Norway and Switzerland.
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