Telkomsel Mitra Inovasi Leads Pre-Series A Investment in Feedloop as It Seeks to Empower Digitalpreneurs

- 30 Juli 2021, 21:45 WIB
Feedloop enabled solutions have been used by large-scale companies such as BRI Bank, Paragon Technology and Innovation, Accenture Indonesia, and GIZ Indonesia
Feedloop enabled solutions have been used by large-scale companies such as BRI Bank, Paragon Technology and Innovation, Accenture Indonesia, and GIZ Indonesia /Photo courtesy of Telkomsel/

BERITA SUBANG - Telkomsel Mitra Inovasi (TMI), a venture capital unit of Telkomsel, leads Pre-Series A investment in Feedloop, a startup specialized in SaaS (Software as a Service) which has a No Code Development Platform (NCDP).

Telkomsel claimed in its statement on Thursday, July 30, 2021, its strategic investment in Feedloop is part of its efforts to move forward in opening up opportunities to empower digitalpreneurs, especially startups that have the potential to grow in Indonesia.

The round funds of Pre-Series A investment were lead by TMI with the largest portion and followed by two other venture capital companies, East Ventures and Aksara Ventures.

Feedloop provides a modern business platform to help enterprises and SMEs accelerate their digital transformations across various business process through hyperautomation.

"TMI believes that the utilization of the NCDP enabled by Feedloop will greatly help enterprises, SMEs, and aspiring digital preneurs," said CEO of TMI, Marlin R. Siahaan.

"It is projected that in the next few years, the solutions created from this service will be widely adopted by application developers or other businesses to be able to build an effective and efficient platform, so that they will be able to create more customer-centric solutions, especially in the era of 5G."

Martin said Telkomsel Mitra Inovasi expects that through this strategic investment, "there will be more collaborative innovations with Feedloop that we are ready to roll out, as part of our effort to open wider opportunities for enterprises and SMEs (small and medium enterprises) to increase their business potential."

What is Feedloop?

Feedloop is a startup focusing on developing and managing No Code Development Platform (NCDP) called Qore, which allows users to create their own applications for various needs such as human resources, warehouse management, customer apps, and other operational needs which do not require skills in understanding programming languages or coding.

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Editor: Muhamad Al Azhari


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