Brief: Indonesian news portal Kumparan, founded by veteran journalists, raises funding

Indonesia’s tech-savvy youth is always connected. Photo credit: Seika.

Jakarta-headquartered Kumparan is a collaborative media platform which combines online news with social media.

Competitors: KapanLagi, Malesbanget, Beritagar, IDN Times, Brillio,

How it compares to competitors: Like many others media firms, Kumparan targets Indonesia’s millennial audience. It emphasizes on citizen journalism, allowing readers to become news providers and connect with each other on the site. It was founded by the group of journalists who established news portal Detik in 1998, which turned into one of Indonesia’s most valuable online properties.

Traction

• “Millions” of monthly unique visitors
• Content partnerships with media sites like SWA
• More than 100 contributing journalists

Funding details

Amount raised: Undisclosed
Funding stage: Undisclosed
Lead investor: Global Digital International (part of Djarum’s GDP Ventures)
Other investors: Undisclosed
Investment type: Undisclosed
Purpose: Tech, business development, talent acquisition
Total funding to date: Undisclosed

This post Brief: Indonesian news portal Kumparan, founded by veteran journalists, raises funding appeared first on Tech in Asia.

from Tech in Asia https://www.techinasia.com/kumparan-gdp-ventures
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