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Indonesia-based Delman secures USD 1.6 billion in seed funding round

Indonesia-based Delman secures USD 1.6 billion in seed funding round
Indonesia-based Delman secures USD 1.6 billion in seed funding round
  • The investment has been led by Indonesian VC firms like Intudo ventures, Qlue platform, and Prasetia Dwidharma Ventures.
     
  • Delman is a big data analytics startup that was founded in the year 2018 and works with various public and private sector enterprises in Indonesia.

Jakarta-based data analytics and big data management firm, Delman has secured an investment of USD 1.6 billion in seed funding. The investment had been led by Indonesian VC firm Intudo Ventures along with other investment firms like Prasetia Dwidharma Ventures and Qlue platform Indonesia also partaking in the seed funding round.

Delman will use the funding to expand its team and hire new employees in the field of software engineering and data science as well as build an R&D facility to continue to put in place a big data ecosystem.   

Delman was founded by Surya Halim, Theo Budiyanto, and Raymond Christopher in the year 2018 and has since provided data management solutions to various Indonesian enterprises across different sectors. The company has accumulated experience in providing solutions to firms for the purpose of optimizing operations and Human Resources through big data analytics.

The data related issues faced by Indonesia are mostly because of unmatched or unstructured data which has so far been handled and managed by inexperienced teams. The CEO of Delman, Surya Halim revealed that on average, teams spend around USD 200 thousand and 70% of their time on data cleaning and warehousing alone. He also said that with the backing from new investors, Delman will look to advance and digitally upgrade efforts for public and private sector enterprises.

Intudo Ventures recently released a press statement in which Eddy Chan, the founding partner at Intudo Ventures said that Delman has been able to merge a highly localized approach with global expertise which has led to improved outcomes for end-users.  He also revealed that Intudo Ventures had been tracking the growth of the Delman team since their first meeting at Silicon Valley back in 2017 and expressed his excitement on lending support to the growing management team at Delman to continue its entrepreneurial journey ahead.

Source Credits: https://kr-asia.com/indonesian-big-data-startup-delman-raises-usd-1-6-million-seed-funding

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Vinisha Joshi

Despite graduating with an engineering degree in electronics and communication, Vinisha Joshi chose the road less travelled, and decided to pursue her career in content writing . Currently, she pens down articles for cuereport.com and a few other distinguished news platforms, pertaining to business and finance.