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HR start-up Gajiku raises $1.1 million in seed round
The funds will be used to roll out new features and attract new clients, with a focus on large labor-intensive firms in Indonesia.
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Thousands of workers make protective gear (APD) in a factory owned by PT Kasih Karunia Sejati in Malang, East Java, on April 20, 2021. (JP/ Aman Rochman)
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orker management start-up Gajiku has raised US$1.1 million in its seed round to expand operations in Indonesia, banking on the country’s expansive blue-collar workforce.
Gajiku said in a statement on Thursday that the funds would be used to roll out new services and features for employers, increase headcount across all services and attract new clients, particularly large labor-intensive enterprises.
The round was led by AC Ventures with participation from Agung Ventures, Monk’s Hill Ventures, Sampoerna and several influential Indonesian entrepreneurs and angel investors.
“With more businesses looking to Indonesia as part of the global supply chain, we are working with employers to improve employee management, while also ensuring that their employees are in the best financial position for success,” said Gajiku cofounder and CEO Sherman Tanuwidjaja.
Gajiku offers software to monitor employee attendance, disburse salaries and track key performance indicators (KPIs), among other services, but has a focus on its payday loan feature meant to reduce employee turnover.
“Employers can provide a lifeline to employees, helping them relieve financial pressure and reduce employee turnover,” reads the statement.
Human resources tech is an emerging start-up vertical in Asia, but it is relatively nascent in Indonesia, with local players including GajiGesa, Gadjian, Rekruta and Mekari, through HR software arm Talenta. Some names play on the Indonesian word gaji (salary).
