Waste Management Platform Jangjo Receives Early Stage Funding from Darmawan Capital

Waste management platform Jangjo announced the acquisition of seed funding from Darmawan Capital with an undisclosed amount.

Through this investment, Jangjo wants to modernize the waste management process by encouraging stakeholder collaboration through technology so as to provide economic benefits and impact on the environment.

For information, Jangjo is led by Joe Hansen (Co-founder and Commissioner), Nyoman Kwanhok (Co-founder and CEO), Eki Setijadi (COO), and Hendra Yubianto (CMO).

Meanwhile, Darmawan Capital is an investment company that focuses on creating sustainable growth in Indonesia’s digital ecosystem. Some of his portfolios include Indodax, Lyfe, DokterSehat, Udana, Kredibel, Nobi, Farmaku, and Tokenomy.

“Investing in Jangjo proves that waste management is starting to attract investors, both from an environmental and economic perspective,” added Jangjo Co-founder & Commissioner Joe Hansen in his official statement.

Furthermore, Co-founder & CEO Jangjo Nyoman Kwanhok revealed that the main problem in waste management in Indonesia is the non-integration of stakeholders in this ecosystem.

Therefore, Jangjo wants to create a sustainable waste management solution with a circular economy concept in order to connect stakeholders.

The stakeholders in question include waste producers (community), waste transporters (operators), temporary waste shelters (hub), and waste management (industry).

“We are targeting to be able to increase the recycling process up to 20 times, and create a circular economy ecosystem through the Jangjo platform,” said Nyoman.

To overcome the problems above, he said, Jangjo developed the main solution, namely education on sorting and transporting sorted waste for the Jakarta area. Residents who are educated in sorting waste can use a garbage pick-up service to be recycled by the industry

Garbage segregation education is conducted door-to-door for residential areas. Then, Jangjo Rangers will record sorted waste data through the application.

Currently, Jangjo distributes 55 kinds of products for recycling, including styrofoam, glassware, and used cooking oil. From each process of taking this sorted waste, residents will get various rewards, such as an e-wallet balance or cooking oil.

Waste Management Challenges

Waste4Change Bijaksana Representative Junerosano highlighted the challenges in waste management in Indonesia. One of them is that the cost of waste management is too cheap compared to the responsibilities that must be carried out. If there is an increase in costs, this will attract protests from residents.

The man who is familiarly called Sano revealed that if you want to encourage the waste management ecosystem, the financing aspect must be better so that it does not only depend on the limited government budget.

Waste management platform Jangjo announced the acquisition of seed funding from Darmawan Capital with an undisclosed amount.

Through this investment, Jangjo wants to modernize the waste management process by encouraging stakeholder collaboration through technology so as to provide economic benefits and impact on the environment.

For information, Jangjo is led by Joe Hansen (Co-founder and Commissioner), Nyoman Kwanhok (Co-founder and CEO), Eki Setijadi (COO), and Hendra Yubianto (CMO).

Meanwhile, Darmawan Capital is an investment company that focuses on creating sustainable growth in Indonesia’s digital ecosystem. Some of his portfolios include Indodax, Lyfe, DokterSehat, Udana, Kredibel, Nobi, Farmaku, and Tokenomy.

“Investing in Jangjo proves that waste management is starting to attract investors, both from an environmental and economic perspective,” added Jangjo Co-founder & Commissioner Joe Hansen in his official statement.

Main Problems of Waste Management in Indonesia

Furthermore, Co-founder & CEO Jangjo Nyoman Kwanhok revealed that the main problem in waste management in Indonesia is the non-integration of stakeholders in this ecosystem.

Therefore, Jangjo wants to create a sustainable waste management solution with a circular economy concept in order to connect stakeholders.

The stakeholders in question include waste producers (community), waste transporters (operators), temporary waste shelters (hub), and waste management (industry).

To overcome the problems above, he said, Jangjo developed the main solution, namely education on sorting and transporting sorted waste for the Jakarta area. Residents who are educated in sorting waste can use a garbage pick-up service to be recycled by the industry

Garbage segregation education is conducted door-to-door for residential areas. Then, Jangjo Rangers will record sorted waste data through the application.