Jakarta, Feb 28 – Indonesia’s largest deals platform Giladiskon today announced an undisclosed investment from SOSV and graduated from their Mobile Only Accelerator (MOX).
Giladiskon helps Indonesian restaurants and lifestyle retailers by introducing them to its 1.5 million members for free. In the past 9 months, Giladiskon has partnered with over 350 restaurants from family-owned shops to KFC, and driven US$400,000 in revenue for its partners.
Unlike on other deal platforms, restaurant partners on Giladiskon don’t have to pay any fee or commission. The partners also decide the promotion terms. In return, they offer exclusive promotions for Giladiskon’s paying members.
With support and mentorship from SOSV, Giladiskon plans to strengthen its presence in Indonesia and accelerate the onboarding process of millions of F&B and lifestyle SMEs from Jakarta Greater Area and other cities.
The company recently graduated from MOX (Mobile Only Accelerator), a program for cross-border mobile internet with a rapidly expanding portfolio in Southeast Asia. MOX is operated by the US$700M venture capital fund SOSV, the 2nd most active seed investor globally in 2019 according to Crunchbase and a top 10 most active investor in Southeast Asia according to Tech in Asia.
“MOX’s expertise in Southeast Asia and mobile internet startups will help us grow faster and strengthen our presence in Indonesia. We plan to use the investment for product development, accelerating the onboarding process of millions of merchants to our platform. We are committed to helping three million F&B and lifestyle SMEs in Indonesia get more exposure to customers at zero cost,” said Fandy Santoso, Giladiskon CEO.
“There are 51 million middle-class Indonesians, who’re aspiring to elevated lifestyles. Giladiskon is the gateway for people to discover exclusive deals for restaurants and lifestyle retailers now, and later deals for games, entertainment, and financial services,” said William Bao Bean, General Partner at SOSV, Managing Director at MOX.
Founded in 2017, Giladiskon is Indonesia’s largest deals platform that helps Indonesian F&B and Lifestyle merchants to generate significant marketing exposure to over 1.5 million audience at an extremely low cost, or even for free. In return, the merchants offer exclusive promotions for Giladiskon’s paying members.
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