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Jack Ellis · · 1 min readIn brief: Smart kiosk startup Warung Pintar scores $4m from Line, Vertex
Photo credit: Warung Pintar
Temasek affiliates Vertex and Pavilion join Line Ventures to back Warung Pintar with fresh US$4 million funding (Indonesia). The startup – an incubation project of Jakarta-based VC firm East Ventures – develops digitally enabled roadside kiosks (warung, in Indonesian) for micro-entrepreneurs. It recently partnered with Go-Jek’s payments platform Go-Pay to offer cashless payments capabilities to its stallholders.
Since its earlier US$4 million seed round in February, Warung Pintar has set up more than 300 kiosks throughout the Greater Jakarta region. The startup claims that proprietors earn 90 percent more on average than they did before transitioning to a Warung Pintar smart stall. (East Ventures)
Other news
BigDish raises US$2.2 million in London IPO (The Philippines). The Manila-based app listed on the London Stock Exchange and plans to expand its presence in the UK market after acquiring local restaurant reservation portal TablePouncer. BigDish – which provides diners with discounted off-peak bookings at restaurants – also operates in Indonesia and Hong Kong. (Philippine Daily Inquirer)
Editing by Judith Balea
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