Indonesia’s development trade is massive and growing quickly, however plenty of provide procurement continues to be finished the old school approach, via telephone calls and textual content messages. Juragan Material needs to make issues simpler with a B2B market for constructing supplies from curated suppliers.
The corporate introduced at the moment it has raised $4 million in seed funding led by Go-Ventures, with participation from Susquehanna Worldwide Group (SIG).
The brand new capital shall be used for hiring, rising Juragan Supplies’ market share and technological enhancements.
Based in 2021, the corporate’s market at present has greater than 9,000 merchandise and over 180 manufacturers, together with structural, architectural, mechanical and electrical merchandise. It’s meant to be used by contractors and undertaking house owners, and helps them supply supplies extra rapidly.
Earlier than launching Juragan Supplies, Tito Putra, CEO and co-founder, was a managing director of a constructing contractor agency.
All of the startup’s different founders even have expertise working within the development trade. Chief working officer Graceila Putri was a product affiliate at Amazon and labored on progress for a constructing contractor agency. Chief advertising officer Ricky Fernando beforehand labored in advertising and relations as Mortindo, a mortar producer, and chief procurement officer Meichael Surja was an architect and contractor on residential merchandise for greater than 15 years.
Putra stated it typically took days for him to supply a single merchandise, together with time spent checking with a number of distributors for pricing and availability.
He additionally handled deliveries that would not be tracked and arrived late and offline fee and invoicing processes that had been lengthy and irritating. This resulted in excessive working capital prices and potential losses due to overstocks and over- or under-supply.
Juragan Supplies was created to simplify the final leg of the availability chain for the development trade.
“We acknowledged that development is a large market that’s nonetheless very standard and untapped by expertise, leading to plenty of inefficiencies occurring within the trade,” Putra stated.
Juragan Supplies new capital shall be used to enhance its platform and launch extra options, scale-up its buyer and vendor acquisitions and improve its supporting infrastructure, significantly financing and logistics, Putra added.