Dark
Light

Orori Increases Innovations and Product Integration Post Series B Funding from Amand Ventures

1 min read
December 6, 2018
Orori raises Series B funding from Amand Ventures
Orori raises Series B funding from Amand Ventures

Orori is reportedly to raise the latest funding in Series B round with an undisclosed value. According to George Budi Sumantri, Orori’s Founder & CEO, funding was led by Amand Ventures with its affiliation supports.

The additional funding is to be relocated into several matters. First, the gold fiduciary business development which was delayed this year. In terms of products, there will be e-gold integration in Orori platform and vice versa. In terms of business, they’re optimizing strategy to raise higher revenue post becoming antam official reseller.

In the interview, we mentioned Bappebti regulation related to the online gold product sales. Previously, some services were suspended, including Tokopedia’s e-gold integration for sales. Sumantri said, the regulation hasn’t been making any impact on Orori’s business.

Regarding other business targets, he mentioned that there will be updates in Orori’s platform at the end of this year, specifically on the mobile app. Sumantri explained the development team was trying to research and optimize mobile experience for an easy transaction.

The e-mas integration platform will be expanded later in 2019 to the partner platform. In addition, they also intend to have a partnership with offline retails. Up to this year, there were at least 70 partner outlets in all around Indonesia.

Previously, Orori has obtained series A funding from 500 Startups, East Ventures, and Spiral Ventures. Ideasource has also invested in the seed round.


Original article is in Indonesian, translated by Kristin Siagian

Application Information Will Show Up Here
Australian based graphic design startup claims ready to invest more for local content production in Indonesian
Previous Story

Graphic Design Startup Canva’s Plan for Indonesian Market

Aplikasi Dana
Next Story

Dana Resmikan Aplikasi Dompet Digital, Optimalkan Pembayaran Melalui Kode QR

Latest from Blog

Don't Miss

Blibli rayakan ulang tahun ke-12

Ulang Tahun ke-12, Blibli Hadirkan Program “Blibli Annive12sary”

Dengan persaingan yang semakin ketat, eksistensi sebuah e-commerce di Indonesia
TikTok Shop

TikTok Shop Tingkatkan Fitur dan Fasilitas Menjelang Tahun Ketiganya di Indonesia

TikTok merupakan salah satu media sosial yang paling digandrungi saat