Qlapa, an Indonesia-based e-commerce platform backed by media company KapanLagi Network, has closed down.
Founded in 2015, Qlapa operated an online marketplace that specialised in homemade and handmade goods, allowing local craftsmen to sell their own work. It has now shut down its online platform and pulled its app from the Google store after failing to make itself ‘a profitable and sustainable business.’
Qlapa said in a statement: “There are still tasks that need to be done, there are dreams that must be realised. But for now, we have to say goodbye. Our services are no longer available starting 2019.”
Impact investment firm Aavishkaar Venture Management led a series A round of undisclosed size for the company in March 2017 that included the founders of KapanLagi Networks, which Tech In Asia described as a previous investor, though it is unclear when it made that investment.
Qlapa had previously raised an undisclosed amount of seed funding from venture capital firms Global Founders Capital and Ideosource, and private investor Budi Setiadharma in 2016.