wagely raised $23M in funding led by Capria Ventures to expand operation and development efforts.
03/13/24, 2:49 PM
Location
indonesiaMoney raised
$23 million
Investors
Capria Ventures
Jakarta, Indonesia- and Dhaka, Bangladesh-based provider wagely raised $23M in a funding round led by Capria Ventures, with the addition of some debt sources. The company intends to use the funds to expand operation and development efforts.
Company Info
Location
indonesia
Additional Info
The startup has already signed up leading ready-made garment manufacturers like SQ Group, Classic Composite, and Vision Garments. Wagely says its user base grew 10x year over year in 2021, with clients including British American Tobacco, Ranch Market, Adaro Energy and Medco Energi. Wagely also received backing from Central Capital Ventura, the venture capital arm of Bank Central Asia (BCA), one of Indonesia’s largest private banks.