Manuva successfully raised US$8 million, led by a US$3 million investment from Tin Men Capital, to enhance its packaging procurement services and expand into sustainable product offerings in Indonesia.

Target Overview

Manuva, previously known as Tjetak, is an Indonesian managed marketplace established in 2018 by co-founders Anggara Pranaspati, Raffisal Damanhuri, and Hasandi Patriawan. The company specializes in enhancing the procurement of packaging solutions for consumer brands and trade buyers from small and medium-sized enterprises (SMEs). With a focus on efficiency, scale, and quality control, Manuva utilizes modern digitization tools to significantly improve logistics, procurement, inventory, and sales processes within its ecosystem. This innovative approach positions Manuva as a crucial player in the rapidly growing packaging manufacturing sector in Indonesia.

With Indonesia's manufacturing industry contributing over 20% to the nation's GDP, Manuva aims to capitalize on this robust market. The company's mission is to provide effective solutions tailored to the needs of the manufacturing sector, thereby promoting operational excellence among its clients.

Industry Overview

The packaging industry in Indonesia has displayed substantial growth in recent years, driven by increased consumer demand and a burgeoning e-commerce sector. The market is characterized by a diverse range of players ranging from traditional