JAKARTA (TheInsiderStories) – The Sampingan, a platform that empowers the largest independent blue-collar workers in Indonesia, raised US$5 million in Series A funding led by investors Altara Ventures. The investment fund give the fresh capital along with Golden Gate Ventures, Antler, Access Ventures, XA Network and iSeed SEA.
in October 2020, the provider has secured $1.5 million in a pre-series A round led by Golden Gate Ventures, Antler and other investors. In the official statement released today, CEO and co-founder of Sampingan, Wisnu Nugrahadi, said since established in 2018 until 2020, The Sampingan’ businesses has grow threefold times.
Now, the platform has more than 850,000 working partners, both on temporary and permanent contracts called Kawan Sampingan. Since entering the market in January 2019, the operator has bagged $500,000 in seed funding from Golden Gate in December 2018, following a $100,000 pre-seed round with Antler.
“In the 2010, there was a” Gig Economy” trend in consumer services, which will continue to grow from a business perspective in the 2020s,” Gavin Teo, General Partner, Altara Ventures stated.
The Sampingan application was established by Wisnu Nugrahadi together with his colleagues, Margana Mohamad and Dimas Pramudya. Since its launch, Sampingan has been able to make a significant impact through a technology platform that allows people to find and get jobs remotely through their very strong partner network.
With the fresh funding, said Nugrahadi, the company aimed to develop the product for both workers and companies, as well as to reach more consumers. According to data from statistics bureau, there were 29.12 million people affected by the pandemic, either losing their jobs or experiencing a reduction in working hours and wage, in 2020.
Indonesia forecasts that 16 percent of its current work activities will be automated by 2030. Automation, along with the country’ average minimum monthly wage of only $250, is leading most Indonesians to do side jobs to make ends meet, the company said.
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