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COMPANY PROFILE

Kitar

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Recommerce platform for certified, pre-owned mobile phones.

Jakarta, IndonesiaFounded 2024Energy
Valuation $50–100M Last recorded · 2026
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Kitar and the history behind them.

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 data

At 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

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SEEDOther financing Apr 2026 $10M $40M MindWorks Capital · Shanxing Capital ↗
Showing the latest 1 of 1 recorded eventsBook a demo for the full funding history →

Growth signals

Kitar website traffic

Latest recorded traffic for Kitar is 100K monthly website visits, up 1% over the last three months.

Latest monthly visits100K 3-month web change+1%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • MindWorks Capital
  • Shanxing Capital
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇮🇩 Indonesia97%
🇸🇬 Singapore2%
🇨🇳 China1%
3 countries shown

Market sentiment

Posts on X, past 7 days

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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