# PT. Moladin Digital Indonesia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-moladin-digital-indonesia

- Industry: Internet
- Headquarters: Jakarta, Indonesia
- Website: www.moladin.com
- Total disclosed funding: $146M
- Latest round: Series B (May 4, 2022)
- Investors on record: 10

## About

PT. Moladin Digital Indonesia is a technology-driven company focused on revolutionizing the automotive marketplace through an innovative digital platform that connects buyers and sellers, enhancing transaction efficiency and transparency.Founded in 2016 in Jakarta, Indonesia, PT. Moladin Digital Indonesia offers a digital platform for vehicle transactions. The company has completed 7 deals, with its most recent funding round occurring on February 21, 2023, raising USD 8.00 mn from Ascend Capital Partners. The firm was co-founded by Andrew Khoo, Andrew Tan, and Jovin Hoon, who have experience in the tech sector.Moladin specializes in providing innovative digital solutions aimed at enhancing the automotive marketplace. Their core offerings include a comprehensive platform that connects buyers and sellers of vehicles, streamlining the process of purchasing and selling cars. The platform features functionalities such as listing vehicles, facilitating financing options, and providing market insights. By catering to individual car buyers, sellers, and automotive dealers, Moladin addresses challenges in the automotive market, including transparency, accessibility, and efficiency across Indonesia and Southeast Asia, leveraging local partnerships to expand its reach.Moladin generates revenue from transactional fees and subscription services within its platform. The company engages in direct-to-consumer transactions, where individual users can pay for premium listings or access advanced features. Additionally, automotive dealers can join partnership programs to access advertising and promotional options on the platform, driving revenue through a B2B model. Pricing structures vary, tailored to individual users and businesses seeking to maximize visibility in the automotive market, with flagship offerings including premium vehicle listings and specialized financing solutions.In February 2023, PT. Moladin Digital Indonesia raised USD 8.00 mn in venture funding from Ascend Capital Partners to support its growth initiatives. The company plans to enhance its platform with new features and is focused on expanding into new markets within Southeast Asia by the end of 2024. The recent funding will be utilized to develop upcoming products designed to improve user experience and streamline vehicle transactions, as well as to penetrate additional geographical regions.

## Funding rounds

- Series B, May 4, 2022, $95M — Hong Shan, Northstar Group, DST Global
- Series A, Jan 15, 2022, $42M — Hong Shan, Alto Partners, Northstar Group, Global Founders Capital, East Ventures, K3 Ventures, Berjaya Credit
- Series A, Dec 17, 2021, $7.8M — CyberAgent Capital, East Ventures
- Seed, Aug 23, 2018, $1.2M — East Ventures, EP Moladin Pte. Ltd., Berjaya Credit

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series A
- EP Moladin Pte. Ltd. — Seed
- Berjaya Credit — Seed, Series A
- CyberAgent Capital (https://capitalatlas.ai/funds/cyberagent-capital) — Series A
- Hong Shan — Series A, Series B
- Alto Partners (https://capitalatlas.ai/funds/alto-partners) — Series A
- Northstar Group (https://capitalatlas.ai/funds/northstar-group) — Series A, Series B
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A
- K3 Ventures (https://capitalatlas.ai/funds/k3-ventures) — Series A
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series B