- Jakarta-based price comparison platform for tech gadgets raises an undisclosed amount of funding
- The round saw participation from IMJ Investment Partners, Global Brain Corporation, and Hiro Mashita, Founder and Director of M&S Partners
- Funding will be used to further develop site into a marketing platform, as well as to expand the team and ramp up partner acquisitions
Jakarta-based price comparison platform for tech products Pricebook today announced that it has secured an undisclosed amount of capital.
This is the company’s second round of funding following a previous seed investment of US$150,000 from Japan-based Incubate Fund in 2013.
According to the company, the funding will be channeled into further developing the site as marketing platform, expanding the team, as well as ramping up its partner acquisition efforts. A mobile application is also in the works, although it did not share a specific timeline.
Pricebook is a price and review aggregator for mobile phones, computers and other gadgets, specialising in the Indonesian tech space. It also houses forums for users to air their opinions and concerns regarding products, and offers online marketing services for both online and offline shops.
The platform competes with other players in the Indonesian market such as Pricepanda, which recently merged with rival Get Price, Priceza, Indokatalog and so on.