Indonesia

PT Bukalapak.com Tbk, an Indonesian e-commerce company, has posted a positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the first time at Rp 15 billion ($921,687), underpinned by higher revenue.

Indonesia's largest technology firm PT GoTo Gojek Tokopedia Tbk (GoTo) says it is on track to meet full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) break even target after its adjusted EBITDA fell in the first quarter.

The International Finance Corporation (IFC) has partnered South Korean credit card-issuing company KB Kookmin Card Co. (KBC) to launch $150 million financing package in Indonesia, Thailand.

Mandiri Capital Indonesia (MCI), a corporate venture capital (CVC) firm backed by Indonesia’s largest financial corporate, Bank Mandiri, have unveiled its first overseas Xponent program in Bangkok, Thailand.

PathGen Diagnostik Teknologi (PathGen), an Indonesia-based healthcare biotechnology startup, announced Friday that it has raised funding from venture capital firms East Ventures and Royal Group Indonesia.

Jago, an Indonesia-based mobile café company, has on Wednesday announced the completion of a $6 million Series A round of financing.The funding is led by Intudo Ventures and BEENEXT Accelerate, with participation from ORZON Ventures and D Global Ventures.

American technology firm Apple announced Tuesday it will open Indonesia’s fourth Apple Developer Academy in Bali, expanding on its investment to increase opportunities for developers, students, and entrepreneurs looking to embark on careers in the region’s growing iOS app economy.

Nvidia and Indonesia's telco PT Indosat Ooredoo Hutchison plan to build an AI center in Central Java in 2024, worth $200 million.

Singapore-based insurtech firm Igloo has on Wednesday announced its partnership with one of Indonesia’s unicorns and leading e-commerce companies, Tokopedia, to make purchase protection products more accessible and convenient for consumers.

WasteX, a Singapore-based climate tech company operating in Indonesia and the Philippines, has secured $450,000 in funds from P4G Partnerships, an initiative that helps businesses working on climate mitigation and adaptation solutions in food, water, and energy.