Indonesian wedding marketplace Bridestory gets Series A funding from Rocket Internet
By Digital News Asia March 6, 2015
- Launched in April 2014, now ready to tackle international wedding market
- Funds to accelerate growth, scale the team, step up product development
JAKARTA-based online wedding marketplace Bridestory has just secured Series A funding from Rocket Internet Group. Financial terms were not disclosed.
This investment marks the first by Rocket Internet Group in the online wedding market. It was joined in this investment by Bridestory’s previous investors, Sovereigns Capital, East Ventures and Fenox VC, as well as two new investors, Skystar Capital and Lippo Digital Ventures.
Bridestory was launched in April 2014, Rocket Internet said in a statement.
Bridestory chief executive officer and founder Kevin Mintaraga (pic) believes that this partnership will take the company to the next level in the international wedding market.
“The people behind Rocket are proven entrepreneurs with track records in building successful global businesses. They are more than just investors.
“We’re excited about being able to work together with them to scale the business, but we are more excited to learn from their experience and tap into their knowledge as well as leveraging the Rocket Internet platform globally,” he said.
Bridestory plans to use the recently raised funds to accelerate growth, scale the team, step up product development, and to get ready for expansion into the international wedding market.
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