Broom raised $25 million in a Series A+ funding round led by Openspace to expand its operations in Indonesia and improve the used car market.
Broom raised $25 million in a Series A+ funding round led by Openspace to expand its operations in Indonesia and improve the used car market.
10/02/24, 5:38 AM
Location
jakartaMoney raised
$25 million
Industry
fleet management
automotive
Round Type
series a
Investors
Pksha Capital, Mufg Innovation Partners, Quona Capital, Ac Ventures, Openspace
Broom, an Indonesia-based startup focusing on the used car market, has secured $25 million in a Series A+ round. This funding will help Broom address challenges in car supply, stock turnover, and sales as well as expand its presence across Indonesia.
Company Info
Location
jakarta, dki jakarta, indonesia
Additional Info
Broom is an Indonesia-based startup focusing on the used car market. It aims to tackle challenges such as car supply, stock turnover, and sales inefficiencies. The startup offers innovative solutions like a 'Buyback' product for dealers. With recent funding, Broom plans to expand its operations and deepen industry partnerships.