SaaS startup Lummo secures investment from Jeff Bezos in its Series C funding round
Amazon founder Jeff Bezos' personal investment firm, Bezos Expeditions, has invested in an Indonesian direct-to-consumer SaaS startup. Lummo, formerly known as BukuKas, secured the amount as part of its Series C round of funding. Lummo raised $80 million in its Series C round in January, led by new investors Tiger Global Management and previous backer Sequoia Capital India. According to records with Singapore's Accounting and Corporate Regulatory Authority (ACRA), it has received $3 million so far from Explore Investments LLC, a company believed to be associated with Bezos Expeditions. Lummo may acquire further cash from the company due to the fact that firms normally receive capital in tranches. Lummo founder and CEO Krishnan Menon said in a statement, "We are honoured to have Jeff Bezos' support in this Series C investment round as we position our company for exponential development in the next months and years." Menon stated that the funding ...