Indonesia
East Ventures market outlook 2025: Thriving in the new transitions and realizing a “believable Southeast Asia”
Firmly, East Ventures stands beyond the baseline, with revenue from the growth-stage portfolio companies rising 40 percent year-on-year (YoY), surpassing that of SEA by nearly triple. This not only underlines the firm’s approach to investment resilience but also positions East Ventures ahead of regional benchmarks among other companies and venture capital…
Indonesia’s Bobobox launches five new properties
Indonesian capsule hotel and cabin operator Bobobox said Monday that it has launched five new properties in Indonesia.
Patrick Walujo commits to staying as Indonesia’s GoTo CEO until 2029
As CEO, Patrick will focus on driving GoTo towards long term profitable growth and GoTo’s Board of Commissioners has approved a performance-based retention package as part of his employment arrangement.
Indonesia’s Soul Parking raises Series A funding co-led by AppWorks and AC Ventures to fuel growth
Soul Parking, an Indonesia-based parking management service provider, has announced the completion of a Series A extension round of financing co-led by AppWorks and AC Ventures.
Creador acquires majority stake in Indonesian hospitality marketplace MG Group
Creador, a Malaysia-based pvate equity firm, has on Thursday announced the acquisition of a controlling stake in MG Group, an Indonesia-based business to business (B2B) hospitality marketplace, from Northstar and other shareholders.
Maybank positive on Indonesia’s new economy
Maybank Investment Bank has on Friday maintained a positive view of the new economy in Indonesia as it sees the sector is moving on the right path.
[Year in review] Southeast Asia’s Top 10 tech news in 2024
As we usher into 2025, hoping for a better year, here are Southeast Asia’s top 10 tech news in 2024.
Bank Jago and Google Cloud team up to boost growth in Indonesia
PT Bank Jago Tbk, a tech-based bank in Indonesia, and Google Cloud have on Wednesday announced a new, multi-year strategic collaboration to supercharge the bank’s future innovation strategy.
Maybank sees VinFast Indonesia faces intense competition across BEV segment
Maybank Investment Bank said Tuesday that it sees VinFast Indonesia faces intense competition across battery electric vehicles (BEV) segment in Indonesia due to its relatively weak brand recognition.
Temasek-backed Indonesian unicorn eFishery suspends founders, appoints interim CEO, CFO – report
In July last year, eFishery announced it has raised $200 million in its Series D funding round. The round was led by Abu Dhabi-based global fund manager 42XFund and backed by Malaysia’s largest public sector pension fund, Kumpulan Wang Persaraan (Diperbadankan) (KWAP), Switzerland-based asset manager responsAbility, early investor multi-stage venture…
