Indonesia

Indonesian omnichannel InsurTech Qoala has on Tursday announced the completion of its Series C funding round, raising $47 million. The funding was co-led by PayPal Ventures and MassMutual Ventures.

Indonesian logistics service provider J&T Global Express Limited (J&T Express) have achieved positive adjusted earnings before tax, interest, depreciation, and amortization (EBITDA) for the first time, reaching $147 million in 2023, underpinned by higher revenue.

Indonesian aqua-tech startup eFishery has on last Thursday announced the integration of Andri Yadi and his team, who were previously the driving force behind one of Indonesia’s most innovative and pioneering artificial intelligence of things (AIoT) startups, into its AIoT & Cultivation Intelligence Division.

Indonesian e-commerce firm Bukalapak has reported higher revenue in 2023, with the marketplace division delivering excellent growth of 47 percent over the year, primarily supported by the continued success in gaming.

Indonesia-based telecommunications provider Indosat Ooredoo Hutchison (Indosat) group has on Thursday announced it’s ready to integrate the NVIDIA Blackwell platform into its infrastructure, with the goal of propelling Indonesia into a new era of sovereign artificial intelligence (AI) and technological advancement.

Indonesian biggest tech firm GoTo has foreseen its 2024 group adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to breakeven after achieving first quarterly profit.

Through a $200 million loan to PT Bank Shinhan Indonesia (BSI) — a corporate and retail finance bank in the country —IFC aims to boost sustainable financing while supporting the nation's climate goals, including a first of its kind blue finance component.

Xendit, a unicorn startup based in Indonesia, has entered the Thai market by offering comprehensive digital payment solutions and embedded finance, aiming to enhance the growth potential of Thailand’s digital economy.

The #EV industry is booming, but competition is fierce. Geopolitical turmoil, economic fluctuations, and shifting consumer confidence add further complexity. To navigate these challenges, VinFast has adopted a multi-product, multi-market strategy, a unique approach that's granting the #Vietnamese electric car company a significant advantage and propelling…

Rukita, an Indonesia-based proptech group, announced Thursday that it has secured $15 million in the Series B1 fund raise. In this round, the company welcomes exciting new investors and partners: MPower Partners, BNI Ventures, Openspace Ventures, and other international impact investors including renowned NBA star Jeremy Lin.