JAKARTA -- Indonesian used automobile marketplace TiinTiin.id announced on Wednesday it has raised over $2.5 million in a seed round led by CEO Rolf Monteiro, Singapore-based Amand Ventures and PT Luminary Media Nusantara.
The startup, which was launched in the second quarter of this year, will deploy the proceeds to accelerate its growth into new verticals, including the motorcycle segment in the third quarter and used car business-to-business and business-to-consumer transactions in the fourth quarter.
