million European Network on January 5, 2016, Indonesia based mobile phone application APP Snacart rebate successfully invested $1 million 675 thousand in its Pre-A round of financing, the investor is Wavemaker Partners, SPH Media Fund.

 

million European Network on January 5, 2016, Indonesia based mobile phone application APP Snacart rebate successfully invested $1 million 675 thousand in its Pre-A round of financing, the investor is Wavemaker Partners, SPH Media, Fund SMDV in South Korea and Southeast Asia venture company Aedent Capital. One of the SPH Media Fund is an Asian media giant Holdings Holdings (Singapore Press), Singapore’s investment arm.

According to

billion euros net, Snapcart financing will participate in the new product R & D includes video tools to analyze the characteristics and the dashboard, major businesses help brands better real-time understanding of consumer behavior, market and plan their next season through the characteristics of the new products. In addition, the company plans to expand in 2 markets in Southeast Asia, and in 2016 will start from Philippines.

Reynazran founder and CEO Royono said that it was early and Indonesia’s two major FMCG (FMCG, Fast Moving Consumer Goods Nestle and L’OREAL L’Oreal) Nestle brand cooperation to attract and increase the confidence of investors. At the same time, the APP has been officially launched with 12000 downloads and a short period of time and including Procter & Gamble and Unilever, more than 35 brands to achieve cooperation are the main factors of financing the company can attract.

Rey said the company will be online and offline through the integration of the way, and strive to achieve the goal of successful access to 1 million users in 2016. According to 100 million European network, Snapcart formally launched in September 2015, as of now, Snapcart has 150 thousand downloads and active number of 85000 months.

Wavemaker Partners Paul from investors Santos Snapcart said through a small ticket rebate business model for the success of the company into a large data using a professional B2B platform, at the same time, it is because of this business model is the one and only, the Indonesia high user stickiness, and consumer data obtained through mobile technology to help offline brands and retailers. >