# Jet Commerce

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jet-commerce

- Industry: Software
- Headquarters: Jakarta, Indonesia
- Website: www.jetcommerce.co.id
- Total disclosed funding: $60M
- Latest round: Series B (Aug 10, 2022)
- Investors on record: 5

## About

Founded in 2017 by its CEO, Oliver Yang, and based in Jakarta, Indonesia, Jet Commerce operates as a provider of a digital platform used for various e-commerce management solutions. In August 2022, Jet Commerce raised USD 60 million in series B funding, co-led by investors Hidden Hill Capital, Nanjing Jinqiu Investment Holding Group, and Zhejiang SilkRoad Fund, with participation from other investors ATM Capital and Hui Capital. As of 2022, the company operates in countries like Indonesia, Thailand, Vietnam, the Philippines, Malaysia, and China, having a client base of companies like Lakme, Miniso, Sanken, and many more.

The company offers an application integration platform, upfos, that offers product management, omnichannel systems, stock management, order management, promotion management, and customer relationship management systems for online businesses. The company also provides business intelligence solutions that include auto ordering, promoting, dispatching, labeling, warehouse matching, sales monitoring, and many more data analysis solutions.

The company plans to use the August 2022 funding for the growth of its operations and infrastructure.

## Funding rounds

- Series B, Aug 10, 2022, $60M — GLP Capital Partners, ATM Capital, Nanjing Jinqiu Investment Holding Group, Shenzhen Hui Capital, Zhejiang SilkRoad Fund

## Investors

- GLP Capital Partners (https://capitalatlas.ai/funds/glp-capital-partners) — Series B
- ATM Capital (https://capitalatlas.ai/funds/atm-capital) — Series B
- Nanjing Jinqiu Investment Holding Group — Series B
- Shenzhen Hui Capital (https://capitalatlas.ai/funds/shenzhen-hui-capital) — Series B
- Zhejiang SilkRoad Fund — Series B