G
Gravel
Gravel provides solutions for construction projects from the start to finish, including surveying and repairs
About Gravel
Gravel operates as a construction technology company in Indonesia, aiming to digitize and streamline the construction and renovation process. The company was founded in 2019 by Georgi Ferdwindra Putra, Fredy Yanto, and Dr. Nicholas Sutardja, initially launching as an application to connect customers with skilled construction laborers.
The platform serves a wide range of clients, from individuals undertaking home renovations to large construction companies involved in major infrastructure projects. Its business model revolves around creating a comprehensive ecosystem that links clients with a vast community of construction workers, architects, contractors, and material suppliers. Gravel's technology is designed to significantly shorten the time it takes to find and hire qualified labor, reducing the process from several days to mere minutes. Revenue generation is tied to the successful facilitation of these connections and projects through its integrated digital platform.
Gravel's service offerings are structured into four main features accessible through its application. 'Gravel Harian' facilitates the hiring of workers on a daily basis, while 'Gravel Borongan' is tailored for projects managed under a lump-sum agreement. For smaller needs, 'Gravel Maintenance' provides on-demand repair services, and 'Gravel Material' allows for the procurement of construction tools and materials. The company has been involved in over 6,000 projects across 20 provinces in Indonesia, including significant ventures like the LRT Jabodebek and the Jakarta International Stadium. In December 2023, Gravel announced it had secured a total of US$14 million in funding from investors such as New Enterprise Associates (NEA), East Ventures, and SMDV to support its expansion.
Recent reports from late 2024 indicate the company has ceased operations, having laid off its entire workforce following a period of internal conflict and financial difficulties. Its website is no longer active, and new user registration on its app has been disabled.
Source: Dealroom company data
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Dec 2023 | $14M | $56M | NEA · SMDV · East Ventures · Lip-Bu Tan | ↗ |
| SEEDEquity / VC | Jan 2021 | $910K | $3.6M | NEA | — |
Growth signals
Latest recorded traffic for Gravel is 180 monthly website visits, down 99.6% over the last three months. Gravel's team grew 2.2% over the past year.
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Investments and acquisitions
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Gravel in the Jakarta ecosystem
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Series A3 investors entered at this stage
SMDV
East Ventures
Lip-Bu Tan
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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