Indonesia micro retail technology company Warung Pintar has secured US$27.5 million in series B funding for various investors. The investors including Indonesia’ financial technology provider OVO, SMDV, Vertex, Pavilion Capital, Line 1 of 6 Ventures, Digital Garage, Agaeti, Triputra, Jerry Ng, and EV Growth.
Co-Founder & CEO Warung Pintar, Agung Bezharie Hadinegoro said in a written statement on Friday (Jan 18), that Warung Pintar has significantly push mitra’ income up to 41%. Starting from 2 kiosks on January 2018, Warung Pintar has more than 1,150 kiosks to date. Last December, Warung Pintar officially extended the business opportunity to the people of Banyuwangi regency in East Java and aiming more than 5,000 kiosks at the end of 2019.