Indonesia
Indonesia’s Runchise raises $1M in new funding co-led by East Ventures and Genesia Ventures
Runchise, an Indonesia-based restaurant management and culinary franchise startup, has on Tuesday announced that it has raised new funding of $1 million from the existing investors East Ventures and Genesia Ventures.
China’s BYD to build EV plant in Indonesia, groundbreaking expected in July – report
China-based electric vehicle producer BYD announced plan to build an automotive assembly plant in Indonesia's West Java, with groundbreaking scheduled for July.
Microsoft to invest $1.7B in cloud and AI in Indonesia
American technology firm Microsoft has on Tuesday announced it will invest $1.7 billion over the next four years in new cloud and artificial intelligence (AI) infrastructure in Indonesia.
Indonesia’s Bukalapak posts positive EBITDA for the first time in first quarter
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 GoTo says on track to meet full-year adjusted EBITDA break even target
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.
IFC partners KB Kookmin Card to launch $150M financing initiative in Indonesia, Thailand
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 unveils initiative for startups overseas
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.
Indonesian healthcare biotechnology firm PathGen raises funding from East Ventures, Royal Group Indonesia
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.
Indonesia’s Jago raises $6M in Series A round led by Intudo Ventures, BEENEXT Accelerate
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.
Apple Developer Academy expands to Bali
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.
