Retail in Asia

In Shops

Indonesian online secondhand marketplace Jualo secures funding from Northstar Group

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.