East Ventures on Instagram: "Founded in 2017, Moladin starts by providing a platform for Indonesian consumers to purchase new motorbikes without hassle. Their platform allows customers to transact and complete their purchase in one platform, getting information about motorcycles and bikes, provides an online directory for bikers to find the nearest servicing workshop, and communities to exchange reviews on spare parts and apparels. . In May 2019, the company starts to open its platform for used motorbikes. The featured immediately draw over 8,000 listings with a third of it quickly sold in less than 7 months. The company also starts facilitating automotive mortgage loans on Dec 2019, and since then has disbursed about US$60k in loan amounts. With many solutions offered, the company has been enjoying 2x growth in GMV over the past year. . On 16th January 2020, the company announced that it has secured an undisclosed amount of Pre-series A funding round led by East Ventures, joined by new investor CyberAgent Capital and several other angel investors . Throughout 2 years journey, the team had shown significant progress in realizing this vision. We believe in the founders’ vision for Moladin to become industry leader in motorist space . Read more: http://bit.ly/moladin-preseriesa"

eastventures

View this post on Instagram

A post shared by East Ventures (@eastventures)