# KitaBeli

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kitabeli

- Industry: Food
- Headquarters: Jakarta, Indonesia
- Website: www.kitabeli.id
- Total disclosed funding: $11M
- Latest round: Series A (May 31, 2022)
- Investors on record: 8

## About

KitaBeli is an Indonesian company that provides digital solutions to enhance the retail and e-commerce experience, supporting businesses with an integrated platform for transaction management.Founded in 2020 in Jakarta, Indonesia, KitaBeli specializes in digital solutions for retail and e-commerce. The company was established by Gopal Rathore, Ivana Tjandra, Prateek Chaturvedi, and Subhash Bishnoi, with Prateek Chaturvedi serving as CEO. KitaBeli has completed a total of 5 deals, with the latest funding round occurring on March 1, 2023, where they raised USD 20.00 mn led by Glade Brook Capital Partners, alongside investments from AC Ventures, Argor, and InnoVen Capital. This round marked the total amount raised by the company to USD 20.00 mn.KitaBeli specializes in providing a comprehensive suite of digital solutions aimed at enhancing the retail and e-commerce experience. Their core offerings include an integrated platform that facilitates both online and offline transactions, enabling retailers to manage inventory, process payments, and analyze consumer behavior. This platform is designed to streamline operations for businesses across various sectors, catering primarily to small and medium-sized enterprises. The release of their flagship product marked a significant advancement in retail technology, targeting challenges such as stock management inefficiencies and customer engagement. KitaBeli serves a diverse client base, including local retailers and e-commerce businesses, primarily focusing on markets in Southeast Asia, specifically Indonesia, Malaysia, and the Philippines.KitaBeli generates revenue through a subscription-based model, allowing businesses to access their platform and tools for a monthly or annual fee. This revenue structure includes various tiers to accommodate different business sizes and needs, with additional fees for premium features or services. Transactions are typically structured as B2B partnerships, where retailers integrate KitaBeli’s solutions into their operations, enhancing their sales capabilities and customer interactions. Flagship products and services, such as their inventory management system and customer analytics tools, form the cornerstone of these transactions. Clients engage with KitaBeli’s offerings, directly impacting their operational efficiencies and ultimately driving revenue growth for both parties involved.In March 2023, KitaBeli discontinued its operations, thus no new products or market expansions are currently planned. The most recent funding will not be utilized for growth initiatives as the company has ceased operations.

## Funding rounds

- Series A, May 31, 2022, $5.3M — East Ventures, Argor, PT Bumi Berkah Boga, AC Ventures, Banana Capital, Kenangan Investment, Alternate Iota Investment Pte. Ltd.
- Series A, Apr 1, 2021, $5M — East Ventures, Argor, AC Ventures, Alternate Iota Investment Pte. Ltd.
- Seed, Sep 30, 2020, $1M — East Ventures, AC Ventures, Asean Innovation Capital LP, Alternate Iota Investment Pte. Ltd.

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series A
- AC Ventures — Seed, Series A
- Asean Innovation Capital LP — Seed
- Alternate Iota Investment Pte. Ltd. — Seed, Series A
- Argor (https://capitalatlas.ai/funds/argor) — Series A
- PT Bumi Berkah Boga — Series A
- Banana Capital (https://capitalatlas.ai/funds/banana-capital) — Series A
- Kenangan Investment — Series A