Imajin, a B2B platform connecting large companies to small and medium-sized enterprises (SMEs) manufacturers in Indonesia, has secured an undisclosed amount in a seed funding round led by East Ventures.
500 Southeast Asia and Init 6, a VC fund launched by Bukalapak co-founders, also joined.
The firm will use the money for hiring, expanding, and developing products.
Established in 2019 by Chendy Jaya, Stefanus Hodir, and Joseline Olivia, Imajin connects local manufacturers with potential customers. Imajin has so far partnered with over 500 SME manufacturers.
Imajin also facilitates project financing for business owners with limited resources and provides a marketplace to supply raw materials.
In addition, it claims to provide quality assurance services, besides an online platform for project management and raw materials purchasing.
Last July, the startup received pre-seed funding from Init 6.
Early this month, it was reported that Imajin raised a seed funding round from several investors, including Init-6.
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