JAKARTA - Deals platform Giladiskon has bagged an investment from US-based venture capital (VC) firm SOSV for an undisclosed amount.
According to Giladiskon CEO Fandy Santoso, the fresh funds will be invested in product development and the acceleration of the onboarding process for merchants.
“We are committed to helping three million F&B and lifestyle SMEs in Indonesia get more exposure to customers at zero cost,” said Mr Santoso as quoted by DealStreet Asia, Tuesday (3/3).
Established in 2017, Giladiskon allows restaurants and lifestyle retailers to offer discounts and other promotions on its platform. Membership is largely free, although paying members are entitled to access to exclusive promotions.
The startup, which claims to have partnered with over 350 restaurants across Indonesia and contributed US$400,000 in revenue for its merchants, is a graduate of SOSV’s accelerator programme Mobile Only Accelerator (MOX). (MS)