Indonesian business-to-business e-commerce platform GudangAda has collected $100 million in a Series B round, bringing its total funding raised so far to about $135 million.
Asia Partners and Falcon Edge conducted the round, which had participation from Sequoia Capital India, Alpha JWC and Wavemaker Partners.
With the new funding round, GudangAda will expand its product categories, which now include consumer goods, pharmaceuticals, packaging, homeware and stationery.
Additionally, the company is also planning to develop artificial intelligence-based tools that can provide personalized recommendations for merchant customers.