Juragan Material Simplifies Indonesia’s Complex Construction Supply Chain TechCrunch

Indonesia’s construction industry is large and fast growingbut many supplies are still purchased the old-fashioned way, with phone calls and text messages. Juragan Item: wants to make things easier with a B2B marketplace for building materials from selected suppliers.

The company announced today that it has raised $4 million in seed funding led by Go-Ventures with participation from Susquehanna International Group (SIG).

The new capital will be used for hiring, increasing Juragan Materials’ market share and technological improvements.

Founded in 2021, the company’s marketplace currently has more than 9,000 products and more than 180 brands, including structural, architectural, mechanical and electrical products. It is designed for use by contractors and project owners and helps them get materials faster.

Prior to launching Juragan Materials, Tito Putra, CEO and co-founder, was the CEO of a construction contracting company.

All other founders of the startup also have experience working in the construction industry. COO Gracella Putri was an Amazon product partner working on growth at a construction contracting company. Chief Marketing Officer Ricky Fernando previously worked in marketing and relations for Mortindo, a mortar manufacturer, and Chief Purchasing Officer Meikael Surja has been a residential product architect and contractor for over 15 years.

Putra says it often takes days for him to source a single product, including time spent checking pricing and availability with several vendors.

He also dealt with shipments that could not be tracked and arrived late, and offline payment and invoicing processes that were long and frustrating. This led to high working capital costs and potential losses due to excess inventory and over- or under-supply.

Juragan Materials was created to streamline the last part of the supply chain in the construction industry.

“We realized that construction is a huge market that is still very conventional and untapped by technology, resulting in a lot of inefficiencies in the industry,” Putra said.

Juragan Materials’ new capital will be used to improve its platform and launch more features, increase customer and vendor acquisitions, and improve support infrastructure, particularly financing and logistics, Putra added.

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