Indonesian Car Website Mobilwow Receives Funding

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The Indonesian car-selling website Mobilwow has just received funding worth hundreds of thousands of dollars. The undisclosed “high six-figure” amount will help Mobilwow compete with the likes of Mobil123, Carmudi and CarBay in Indonesia’s increasingly competitive car sales market. Mobilwow is the most popular car classifieds website in Indonesia, with over 1 million people using the site every month. Indonesia is one of the rising stars in the Asian online economy. Earlier this year, the Chinese search giant Baidu announced it intended to break into the lucrative market. With internet penetration at around just 20% in the country, Indonesia has huge potential for future growth. 

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