Indonesian Dagangan raises $11.5m led by Monk’s Hill

Dagangan raises $11.5m to expand across Indonesia and boost rural economic growth led by Monk's Hill Ventures.

Dagangan, an Indonesian social e-commerce platform for underserved rural communities, has raised $11.5 million in Series A funding led by Monk’s Hill Ventures. The round also included MMS Group, K3 Ventures, Spiral Ventures, and PnP.

The company was founded in 2019 by Ryan Manafe and Wilson Yanaprasetya.

Source: Press release