EXCLUSIVE: Qlue raising Series B funding, "confident" of turning profitable in 2020

Indonesia

5 min read

Dec 26, 2019

By Putu Agung Wija Putera

L-R: Qlue CEO Rama Raditya, CCO Maya Arvini, and CTO Andre Hutagalung. ©Qlue

Qlue is also targeting more enterprise clients as it expands overseas and improved accountability and management practices

Qlue, an Indonesian startup that develops smart city solutions for the government and private sectors, is confident of turning profitable in 2020 on the back of 50% year-on-year revenue growth this year. Besides a successful four-year partnership with the Indonesian government to establish the country's first smart city platform in Jakarta, the company has also expanded to seven countries overseas.
The team is currently working on a Series B round of funding that will be closed “as soon as possible” in 2020. Qlue raised Series A funding from GDP Venture and MDI Ventures in February 2019. Th...

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Edited by S. Mani, Bernice Tang

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