K
Kitar
Recommerce platform for certified, pre-owned mobile phones.
About Kitar
Kitar is an Indonesian-based recommerce platform founded in 2024 to address electronic waste and promote a circular economy in the consumer technology sector. The company was founded by Frank Zhou, a former executive at Shopee. The leadership team comprises individuals with experience from major tech companies like Shopee, ByteDance, and Alibaba. The company operates a hybrid B2C and C2C business model, positioning itself as a comprehensive solution for the second-hand market. It focuses on recycling and reselling used smartphones, ensuring quality through rigorous inspection and providing warranties for its devices. Kitar sources its inventory through both online channels and an expanding network of offline physical stores and service points, which also serve to build brand trust and handle on-the-spot fulfillment. Customers can purchase refurbished devices like iPhones and Samsung models through Kitar's official website and its stores on e-commerce platforms like Shopee and Tokopedia. In April 2026, Kitar announced it had raised over $10 million in a pre-Series A funding round. The round was led by Source Code Capital with participation from Hike Capital and MindWorks Capital. This capital is earmarked for enhancing its AI-driven inspection capabilities, strengthening its supply chain infrastructure, and expanding its offline collection network across Indonesia. The company aims to make sustainable technology more accessible and affordable, extending the lifecycle of mobile devices and reducing the environmental impact of e-waste. While initially focused on smartphones, Kitar has expressed plans to expand into other durable goods categories such as motorcycles and luxury items.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2024
- Headquarters
- Jakarta, Indonesia
- Employees
- 175
- Open positions
- 8
- Dealroom signal
- 87.0/100
- Industry
- Energy
- Sector
- Energy, Circular Economy, Core AI, Second Hand, Sustainable Development Goals, Climate Tech, B2b Online Marketplace
- Technology
- Artificial Intelligence
- Business model
- Marketplace & ecommerce
- Client focus
- b2b
Knowledge graph
More headlines
Open roles
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SEEDOther financing | Apr 2026 | $10M | $40M | MindWorks Capital · Shanxing Capital | ↗ |
Growth signals
Latest recorded traffic for Kitar is 100K monthly website visits, up 1% over the last three months.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
MindWorks Capital- SCShanxing Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Kitar on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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