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Aditya Hadi Pratama · · 1 min readEast Ventures puts $700k follow-on capital into Indonesian digital media startup
Asumsi, an Indonesia-based digital media startup, has raised US$700,000 in its latest funding round.
More funding details
- Investor: East Ventures
- Stage: Unspecified
More company updates
- Asumsi, which mainly deals with videos, will use the fresh funds to launch a livestreaming platform by the middle of next year.
- According to a statement, the platform will be available to everyone and will have features like tipping, quizzes, and questions and answers.
- On top of its current focus on politics and social issues, Asumsi will expand its coverage to sports and lifestyle. Pangeran Siahaan, the company’s chief executive, was a sports journalist and presenter before founding the startup.
- Asumsi’s annual revenue has grown 10x from when it raised seed funding from East Ventures last year.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Collin Furtado
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