Indonesian online printing platform Printerous secures series A fundingTuesday February 25th, 2020 Printerous, an Indonesia-based online printing and packaging platform, announced that it has raised an undisclosed amount of series A funding in a round led by BAce Capital, AddVentures, GDP Venture, and Gobi Agung. Existing investor Sovereign’s Capital also participated in the round.
The company said it will use the new funds to ramp up its technology infrastructure, expand to 30 cities in Indonesia, and focus on growing the business in a sustainable way.
Founded in 2012 as an Instagram photo-printing service, Printerous has now evolved into a one-stop printing and packaging solution for individuals, enterprises, as well as micro, small, and medium-sized businesses.
The startup said it aims to facilitate and digitize the business operations of Indonesian MSMEs, which form a vital part of the country’s economy. It looks to tap into Indonesia’s digital economy, which grew 49% in the past five years, according to a report from Google, Temasek, and Bain & Company.
Read more at : https://www.techinasia.com/printerous-secures-series-a