Ritase plans to use its Series A funding to propel its growth and expand into new markets including Thailand, Malaysia, and the Philippines.
Backers of the funds are constituted of institutional and accredited investors in Singapore, Japan, and Korea.
The Indonesian startup was created by Bridestory’s co-founders.
Robinsons Retail plans to target affluent shoppers and focus in the pet, health, and beauty sectors.
The funding will help Gigacover take on the US$9 billion flexible insurance market.
This is the Indonesian unicorn’s first publicly disclosed investment in a tech startup.
