Jakarta-based media conglomerate Emtek Group invests US$4M in Qareer Group Asia | Digital Asia

invests through its investment arm KMK Online in the company which main products include job platforms like Qerja and Jobs.id

Emtek Group, Indonesian media company, announced in its Q3 financial report that it has invested IDR59 billion (US$4 million) in Qareer Group Asia through its own investment arm KMK Online, supported by Kejora Ventures. The investment will make Emtek Group entitled to a 33.5 per cent share of the company, as reported in DailySocial.

Also Read: JFX inks MOU with Kinesis Money and ABX for Indonesian blockchain project

Qareer Group Asia is the company that focuses on job marketplace, supporting the familiar job portals in the country like Qerja and Jobs.id. Before this funding, Qerja has bagged Series A round of funding back in 2015 from SB ISAT Fund, and prior to that, seed funding from Kejora Ventures.

Qerja is helmed by Veronika Linardi and now has operated both in Indonesia and Malaysia.

Emtek also has disclosed that it sold 18.47 per cent of its share in a tech consultancy company Ice House which the company bought just last year to a third, undisclosed party/

Photo by Gede Suhendra on Unsplash

The post Jakarta-based media Emtek Group invests US$4M in Qareer Group Asia appeared first on Tech News.


You might also like More from author

Comments are closed.