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KerjaDulu, ‘Indonesia’s LinkedIn’ raises money from MNC Group

By Wei ZhangIndonesia
1 min read
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302320 5d8a50e39b6cba7eb7c51497efe7b47f506d037a
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KerjaDulu, an Indonesian social recruitment portal for job seekers and employers, today announced a strategic investment from local media conglomerate MNC Group. The startup said its post-investment valuation is at $5 million, but did not disclose other terms of the deal. Following the investment, MNC plans to intensify its own use of the portal for recruitment purposes and use its media channels to help market KerjaDulu.

“MNC itself has more than 40,000 employees and is very active with recruitment. We can utilize KerjaDulu’s innovative social recruitment platform as our priority to hire talented people,” David Audy, director of MNC Media Group, said in a statement. David will join KerjaDulu’s board of commissioners as part of the investment.

Launched in January 2014, KerjaDulu now consists only of about ten people, CEO and co-founder Chris Liu says.
Some of the site’s features make it resemble LinkedIn. People set up a profile page and connect with professional contacts. But unlike LinkedIn, which prioritizes a person’s CV, member pages on KerjaDulu focus on their online activities.
Members can follow company profiles and get an alert when there are new job openings. Chris says the aim is to combine the benefits of a job portal with that of a social network.

The site now has “somewhere in between 500,000 and 1,000,000 registered users,” according to Chris.
So far, Chris says, 388 companies have completed the site’s sign-up procedure, where they are put through a verification process.
KerjaDulu is free to use for companies and job seekers, explains Chris. Monetization will come at a later point, and the team is still discussing the possibilities.

Questions & Answers

Q.

What is the valuation of KerjaDulu following this investment from MNC Group?

A.

The post-investment valuation for KerjaDulu is reported to be $5 million. Other specific terms of the deal were not disclosed by the startup.

Q.

What is unique about KerjaDulu's member pages compared to platforms like LinkedIn?

A.

Unlike LinkedIn, which prioritises a person's CV, KerjaDulu's member pages focus on their online activities. This combines elements of a job portal with a social network.

Q.

How many companies have signed up to use the KerjaDulu platform?

A.

Chris Liu states that 388 companies have completed the site's sign-up procedure. They are all put through a verification process before full access.

Q.

How will KerjaDulu generate revenue if it is currently free for users and companies?

A.

Monetisation will be implemented at a later stage. The team is presently discussing the various possibilities for how the platform will earn revenue.

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