wagely raised $23M in funding led by Capria Ventures to expand operation and development efforts.

Mar 13, 2024•almost 2 years ago

Amount Raised

$23 Million

Indonesia

Investors

Capria Ventures

Description

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 Information

Company

Wagely

Location

Indonesia

About

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.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

wagely raised $23M in funding led by Capria Ventures to expand operation and development efforts.

Investors

Description

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Funding Insights

Company Information