GudangAda's $100m Series B signals Indonesia's warung enablers are still in demand

GudangAda's $100m Series B signals Indonesia's warung enablers are still in demand

Falcon Edge Capital has acquired more shares in the Indonesian B2B tech firm GudangAda through secondary transactions worth an estimated $17.6 million.

Indonesian startups focused on digitalising the country’s millions of mom-and-pop stores (warungs) and MSMEs have been on a fundraising spree since the start of the year. This momentum looks poised to continue in the coming months.