Lokasoka (formerly known as Ecodoe) is a B2B e-procurement platform which connects SMEs with B2B clients and facilitates B2B project financing for SMEs. Since it was founded in 2016 by Larasati Widyaputri, Lokasoka has delivered 500,000+ products to thousands of B2B clients. As they were preparing to raise a seed round funding, Lokasoka retained Instellar to refine their strategic plan as well as to assist them throughout the fundraising process.
Lokasoka had three objectives:
In the first phase of our eight-month assistance, we began by assessing Lokasoka’s strategic business plan and conducting market research to get a thorough understanding of industry trends and value chain. In the process of reviewing their strategic plan, we identified several improvements they could apply to enhance their value chain and make their operations more effective.
Determining how much your company is worth is an integral part of finding an investor that suits the needs of your company. So the second phase of our assistance centered around adjusting Lokasoka’s financial projections based on the strategic business plan we have reformed and updating their company’s valuation. In an attempt to make Lokasoka more attractive to investors, we organized their bookkeeping and created financial statement templates they could use for the years to come.
The final phase focused on finding a suitable investor for Lokasoka. One thing to keep in mind by a company trying to raise funds is that not all investors are suitable for your company. Finding one that matches your needs and is in line with your missions is critical to ensure the next few years of the partnership is beneficial to both parties. Once we have identified several potential investors for Lokasoka, we helped craft a winning pitch deck and assisted them throughout the negotiation process.
During our eight-month assistance, we’re able to deliver:
✔ Strategic business plan
✔ Financial projections
✔ Updated company’s valuation
✔ Robust financial statement templates
✔ Winning pitch deck
✔ List of potential investors
✔ Fundraising assistance
Instellar helped Lokasoka grow to be a company with a strong strategic business plan and financial projection as well as an attractive option for investors to fund. With the footing we provided for Lokasoka, we prepared them to be a company capable of raising funds in the years to come.
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