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26 Oct 2017

Snapcart raises $10M to shed light on consumer spending in emerging markets

Taking on a giant like the $15 billion research firm Nielsen is no easy task. But tucked away in Southeast Asia, Snapcart is a two-year old company that is making progress by shining light on the black box that is consumer spending in emerging markets. Co-founded by four executives including CEO Reynazran Royono, who previously worked as a consultant for… View Article


26 Oct 2017

AI-powered analytics startup Snapcart raises US$10M to expand beyond Indonesia, Philippines

Jakarta-headquartered Snapcart also plans to launch a new platform that will tackle the unstructured trade information The Snapcart founding team Jakarta-headquartered startup Snapcart, which operates an Artificial Intelligence-powered app that gives offline shoppers cashback for scanning their receipts, has secured US$10 million in Series A round of funding, led by existing investor Vickers Venture Partners.  Other investors who have participated in… View Article

Nikkei Asian Review

26 Oct 2017

Indonesia’s Snapcart raises $10 million for overseas expansion

JAKARTA — Snapcart, an Indonesian marketing research startup that analyzes data from receipts, said Thursday that it had raised $10 million from new and existing investors as it gears up for overseas expansion. The round was led by Singapore-based Vickers Venture Partners, and included funding from Social Capital, Kickstart Ventures and Endeavor Catalysts. Existing investors… View Article

Digital News Asia

26 Oct 2017

Indonesia’s Snapcart raises US$10mil in Series A funding

Funds will be used to improve its technology, for product development, and expansion Has reached approximately 50,000 users per country in Indonesia and the Philippines (From left) Snapcart co-founder and CTO Laith Abu Rakty; founder and CEO Reynazran Royono; co-founder and CFO Araya Hutasuwan; and co-founder and CDO Teresa Condicion SNAPCART, an offline shopper and… View Article

Tech in Asia

26 Oct 2017

Analytics startup Snapcart raises $10m to feed valuable consumer data to brands

Snapcart founders from L-R: Laith Abu Rakty (CTO), Reynazran Royono (CEO), Araya Hutasuwan (CFO), Teresa Condicion (CDO). Photo credit: Snapcart. Indonesia-based cashback and consumer analytics tup Snapcart today announced it secured US$10 million in series A funding to enter new markets. The round was led by existing investor Vickers Venture Partners, with participation from Social Capital, Kickstart… View Article


7 Jul 2017

Data shows most successful Indonesian startup founders took non-tech majors at university

Findings also indicate that most took their undergraduate degrees in the country, but attended graduate and MBA courses at universities abroad The latest report from Quacquarelli Symonds (QS) World University Ranking 2017/2018 stated that two Indonesian universities successfully got into higher position. They are University of Indonesia and Bandung Technological Institute. UI went up from rank 325 to 277… View Article