IDN Media secures Sequence C funding
IDN Media, a multi-platform on-line media firm based mostly in Indonesia, right now proclaims that it has raised a Sequence C funding spherical led by EV Progress. EV Progress is a three way partnership of East Ventures, Sinar Mas, and Yahoo! Japan.
Collaborating within the spherical is Charoen Pokphand’s firm True Digital & Media Platform and the company enterprise arm of LINE Company, LINE Ventures International Fund.
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IDN Media has said that the Sequence-C funding might be focussed in the direction of readers progress acceleration. It’s going to start by going native as the corporate believes will assist it advancing its product choices and expertise.
IDN Media was based in Surabaya, Indonesia in 2014 by brothers Winston and William Utomo. The corporate’s mission is to democratise entry to correct and optimistic data that seeks to signify the voice of Millennials and Gen-Z in Indonesia.
As of right now, IDN Media operates its primary on-line media IDN Occasions, the women-focussed Popbela.com and mom and parenthood content material on Popmama.com. It additionally boasts a cooking how-to video channel known as Yummy TV, a artistic answer named IDN Artistic, an occasion administration service IDN Occasion, and influencers administration platform IDN Creator Community.
IDN media says is has amassed 50 million month-to-month distinctive customers on its platforms.
“While this Series-C investment an important milestone in our journey, the mission to become the voice of Millennials and Gen Z remains a work in progress. We will keep working hard to become a company that brings positive impacts on the society,” stated Winston Utomo, Founder and CEO at IDN Media.
Willson Cuaca, EV Progress’s Managing Associate additionally backed the assertion. “IDN Media has a loyal user base, and more importantly, it has created a healthy and sustainable business,” stated Cuaca.
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“Moving forward, the focus is to keep improving our product and technology offerings to help connect more brands to our audience, and ultimately to help them grow their business. 2019 will be a very exciting year for us,” stated William Utomo, Founder and COO at IDN Media that claims to have labored with over 200 manufacturers in 2018 by way of its artistic channels.