Singapore-based venture fund, East Ventures has invested in Indonesian daily deal site, Disdus.com. Terms of the deal hasn’t been disclosed.
Press release:
Disdus.com today announced that it has raised seed funding from East Ventures, a Singapore-based company focusing on Internet business ventures.
As part of the investment, Batara Eto of East Ventures will join Andrew Darwis as part of Disdus’s Advisory Board. Andrew Darwis is better well known as the Founder of Kaskus.us, the largest online community in Indonesia, while Batara was Co-Founder and CTO of Mixi Inc., Japan’s largest social network.
Disdus.com is a leading social ecommerce website in Indonesia that features a new deal every 2 days. Disdus was launched on 11 August 2010 and has since sold more than 12,000 coupons and reached over 70,000 users through various channels. Some of the deals include movie theaters (Blitz Megaplex), restaurants (Sushi Tei), Beauty and Wellness (Ritz Carlton Spa), Desserts and Café (Coldstone), recreational spot (Jendela Alam), etc. Pursuant to the agreement, both co-founders of Disdus, Jason Lamuda and Ferry Tenka, will continue to lead and maintain full operational responsibility of Disdus.
“We are extremely excited to be able to work alongside the members of East Ventures. This investment will not only allow us to scale our operations, grow our team, but also gain expertise in the mobile platform space.” Batara Eto, a partner in East Venture, added, ”As an investor in early-stage startups, we recognize huge potentials in the Indonesian Internet market. We are confident Disdus has the vision and execution ability to be an industry leader in the online social commerce business in Indonesia.”
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