Indonesia's construction industry is a $72B market, but sourcing materials takes ages and is a massive pain. Here's Juragan Material! They've just raised a $4M seed to change that.

• Founded in 2021, they've doubled their GMV every month on average with positive unit economics.

Investor check. Go-Ventures led the round, and Susquehanna International Group (SIG) also joined in.

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🧐 Why it matters

They're focused on the last mile of the supply chain. Why? It can take days to find a single item, with you wasting time sending text messages and making phone calls to multiple vendors to figure out pricing and availability! To top it off, you'll face untrackable (and late) deliveries and frustrating offline payments.

• These add up to higher costs, potential losses and the risk of overstocking/undersupply.

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👷🏼‍♂️⚙️ How it works

They run an online marketplace with products from a curated set of suppliers. (All items are 100% legit — no scams here!)

• They have over 9,000 products from over 180 brands.
• Any engineer's favorite store. They stock structural, architectural, mechanical and electrical products.

Transparent and accurate pricing. In the industry, prices fluctuate a ton, but they'll keep prices up-to-date and show you pricing trends.

Payments made better. Not only do they have multiple online payment options, but they also have flexible payment options.

And more. They have multiple delivery options, offer customer support and regularly update their stocks.

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💰 What's with the $$$?

They'll be improving their platform with more features, doubling down on supporting infrastructure like financing and logistics and bringing in more customers and vendors.