Financial details of the deal were not disclosed but, as part of the transaction, Mekari said Qontak founder & CEO Brendan Rakphongphairoj will be joining Mekari’s top management while continuing his leadership position at Qontak.
Qontak, which has about 1,000 customers, complements Mekari’s current business products and solutions, such as applications for HR management, accounting, inventory, taxation, and employee benefits.
Qontak provides software that enables experience-driven solutions for customers. Its past key investors include Indonusa Dwitama, Azure Investment Partners, Amand Ventures, Prasetia Dwidharma, and SEA Investment Capital.
“This acquisition will also accelerate the realization of Mekari’s vision to become one of the most important platforms for modern companies in Indonesia to advance their business,” said Mekari CEO Suwandi.
Mekari raises $21m in Series A in May
The acquisition comes a month after Mekari raised $21 million in its Series D funding round led by Money Foward Inc. The company said its producs have been used by more than 30,000 companie and more more than 250,000 employees.
Mekari was formed after a merger between four Indonesian startups that are working in providing SaaS solutions for businesses: Talenta, Sleekr, Jurnal, and Klikpajak.
Mekari aims to offer an end-to-end solution for SMEs in Indonesia, which are known to be the backbone of the country’s economy. The startup focuses on acquiring more users for its core products by expanding to other cities.
According to the Association of Indonesia Micro, Small, and Medium Enterprises data, there are at least 60 million small and medium enterprises in the country, with only around 6 million of them having an online presence.
“There is a common vision and mission between Mekari and Qontak in creating a synergistic SaaS ecosystem across Indonesia to better support our existing customer based and future prospects,” said Qontak founder and CEO Rakphongphairoj.