Today, new comer Batavia Incubator (warning, their website only contains their logo and email [email protected]) officially open their operation in Indonesia by publicly announce their first portfolio company, C2C commerce site BukaLapak.com.
Founded as a joint venture between Rebright Partners, Japanese incubator and Corfina Group, Indonesian Financial Group, Batavia Incubator is ready to start activity as internet/mobile service focused incubator in Indonesia. Rebright Partners’ CEO Takeshi Ebihara also joins BukaLapak’s board seat.
Batavia Incubator’s target is seed stage start up, including non-legal entity young team where they supply seed funding capital to bridge to Series A funding, the usual incubator type. We’ve heard about the rumor back for over a month now, and now they’ve finalized all the deal and ready to enter Indonesia’s crowded investor/private equity/incubator/accelerator market.
BukaLapak itself is a classified platform where people can put items for sale and also for users to buy items. Although the site never commit to a specific niche, the site went popular throughout Indonesia’s cyclist community and is now the top of mind for users looking for bicycle-related items.
In the innerspring category, which accounts for about
three-quarters of the mattress market, you could spend anywhere from $350 to
$700 or so on a relatively cheap mattress set (queen-sized including
box-spring) or upwards of $5000 on a luxurious model and find yourself in
restful bliss or toss-crazed slumber every night.
“crowded market”….??! I don’t think so.