Indonesian used-cars start-up BeliMobilGue.co.id has raised $10 million U.S. in a Series A funding round led by Berlin-based Frontier Car Group (FCG). PT Toyota Tunas Indonesia also participated in the round.

Jakarta-based BeliMobilGue was founded as a joint venture between founder Rolf Monteiro (LinkedIn profile), FCG and Intudo Ventures in Apr. 2017.

Its name translates to “buy my car”. The c-to-b used-car marketplace conducts 300-point inspections before buying a vehicle from a consumer. It then resells them to its 1,000-strong dealer network.

“BeliMobilGue.co.id will use the funding to expand its reach to Indonesia’s main cities, launch new businesses, increase sales and marketing, and add employees,” the company said in a statement.

Its main competitors are Rocket Internet’s Carmudi and ICar Asia — which operates auto verticals in Indonesia, Malaysia, and Thailand, facilitating c-to-c trades.

BeliMobilGue.co.id raised pre-Series A funding worth $3.7 million U.S. last year. The round was led by Intudo Ventures with participation from Amand Ventures and Tasman Funds.

FCG was founded by serial entrepreneur Sujay Tyle, emerging markets specialist Peter Lindholm, and former Auto1 director Andre Kussmann in April 2016. The group was officially launched in September that year.

Naspers-owned OLX Group invested $89 million U.S. in FCG in May last year after the company raised $58 million U.S. from a string of investors. The group’s other brands include VendeTuAuto (Mexico), VendenosTuAuto (Chile), Ototrink (Turkey), CarFirst (Pakistan) and Cars45 (Nigeria).

 

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