GudangAda’s Series B Financing Round

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian advised Asia Partners on the deal.

GudangAda, a Jakarta-based marketplace that brings wholesalers closer to retail stores and other buyers, announced it has closed a Series B of more than $100 million. The company says the round was oversubscribed, passing its initial target of $75 million. The funding was led by Asia Partners and Falcon Edge, with participation from Sequoia Capital India, Alpha JWC and Wavemaker Partners.

This brings GudangAda’s total raised so far to about $135 million.

Founded in January 2019, GudangAda is now used by half a million SMEs and covers 500 cities in Indonesia.

The Gunderson deal team comprised of Jonathan Pentzien (Picture), Jolyn Ang, Kinnari Sahita and Cheryl Lau.

 

 

 

 

Involved fees earner: Jolyn Ang – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Cheryl Lau – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Jonathan Pentzien – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Kinnari Sahita – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;

Law Firms: Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;

Clients: Asia Partners;

Author: Sonia Carcano