Lummo, an Indonesian-based start-up that provides software as a service company (Saas), has secured US$ 80 million in Series C funding. The funding comes from Amazon founder Jeff Bezos. It is Bezos’s second investment in Indonesia. Bezos’s personal investment firm- Bezos Expedition, invested in the firm. Previously, Bezos invested in B2B marketplace, Ula. Lummo earlier raised the amount from Tiger Global and Sequoia Capital India.
Formerly known as BukuKas, the company had operations in Jakarta and Bangalore. Lummo is a D2C, Saas firm that helps small businesses to get online.
The Purpose of Funding-
What the founder has to say-
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