Jualo, an Indonesian online marketplace for secondhand goods, has received millions of dollars worth of investment funds from NSI Ventures, a unit of Indonesia-centric venture capital Northstar Group, bolstering the startup’s efforts to tap into the country’s growing population of online shoppers.
The undisclosed Series A funding, which is typically given to startups at an early stage of development, will be used to hire more talent and expand the business over the next 18 months, according to a statement received by the Jakarta Globe on Monday.
The startup is also looking to expand its services to regional markets, it added.