Startup Praktis secures US$20mil funding

Praktis cofounder and CEO Adrian Gilrandy (second left) poses for a group photo with other members of the Indonesian start-up’s leadership team (from left): newly appointed chief financial officer Leonard Pontoh, cofounder and president Dipta Imanto, cofounder and chief marketing officer Mohamad Fahrul, and cofounder and chief project officer Dhimas Syahendra

JAKARTA: Indonesian end-to-end supply chain start-up Praktis has secured US$20mil (RM88.8mil) in a series A round to help direct-to-consumer (D2C) brands and suppliers optimise their business operations.

Indonesia’s East Ventures led the funding round, with participation from Triputra Group and SMDV, according to release it issued last Friday.