Aditya Hadi Pratama · · 1 min readEx-aCommerce CEO’s ecommerce enabler raises series A money
Power Commerce Asia, an Indonesia-based ecommerce enabler, has raised an undisclosed amount of series A funding from local logistics firms Interport Mandiri Utama and SAP Express.
Power Commerce Asia team and investors / Photo credit: Tech in Asia
Founded in 2019, Power Commerce Asia offers various services that can help brands grow their online businesses, including lead generation, digital marketing, fulfillment, logistics, and payment support. The services are also integrated into clients’ offline transactions.
The firm was founded by former aCommerce chief executive Hadi Kuncoro alongside Andik Duana Putra and Mohammad Subhan.
In 2021, Power Commerce Asia said it facilitated 28x more transactions compared to the previous year, while its net revenue surged 22x in the same time period.
It currently has warehouses in Jakarta, Bandung, Yogyakarta, and Surabaya and plans to hire staff in Malaysia. The company now serves 35 clients including local firms Kino, Mamasuka, and Combiphar, as well as popular tea brand Twinings.
“Our exit plan is to retain sustainable growth and become profitable until we can go public by 2025,” Kuncoro said in a statement.
The company plans to use the fresh funds for product development.
Editing by Miguel Cordon and Jaclyn Tiu
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