Jofie Yordan · · 2 min readPower Commerce Asia gets new capital for SEA expansion
(From left) Power Commerce Asia co-founders Mohammad Subhan, Hadi Kuncoro, and Andik Duana Putra / Photo credit: Power Commerce Asia
Many customers have gone back to offline shopping in the post-pandemic era. Because of this, many companies and brands are looking to strengthen their offline presence.
Because of this, Power Commerce Asia – an Indonesia-based omnichannel and supply chain enabler – is doubling down on its PowerBiz platform. The product provides end-to-end omnichannel solutions for businesses of all sizes, enabling them to manage multi-channel sales and logistics.
The company has just closed its pre-series B funding round, according to Hadi Kuncoro, Power Commerce Asia co-founder and CEO. The amount and investors were not disclosed.
Kuncoro, who is the former CEO of aCommerce, says operations in Malaysia will be reactivated after being frozen during the pandemic. The company also plans to enter the Philippines next year.
Funding details
- Funding amount: Undisclosed
- Investors: Undisclosed
- Stage: Pre-series B
Besides PowerBiz, the company also provides ecommerce enabling, digital marketing, and warehouse and fulfillment services. It currently has five warehouses located in several major cities across Indonesia.
The Jakarta-based firm said it has around 50 clients to date, such as Kino, Ajinomoto, Behaestex, Adira Finance, Coca-Cola, and Sharp.
Power Commerce Asia targets to be profitable in the third quarter and is looking to go public via IPO in 2026. The company plans to start its series B fundraising early next year.
See also: Challenging times ahead for Ninja Van as losses spike and growth slows
More details
Power Commerce Asia→ |
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