Moladin has raised a $42 million Series A investment round led by Sequoia Capital India and Northstar Group. The investment, which is one of Southeast Asia’s largest Series A funding rounds, will allow Moladin to solidify its position as Indonesia’s leading used car platform. The round also includes participation from East Ventures, Global Founders Capital, and K3 Ventures. The Series A funds will be used to help scale the company’s existing auto transaction business, expand its branch network, and to enter new ancillary opportunities such as retail, financing and servicing.
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