Indonesia
Tracxn : SEA tech startups witness lowest quarterly funding in five years
Southeast Asia (SEA) funding has seen a big drop of 74 percent in quarter-on-quarter in the third quarter, making it the lowest funded quarter in the last five years, said Tracxn on Thursday. the SEA tech startup ecosystem raised a total of $835 million in the third quarter, a huge 74 percent drop from $3.2 billion raised in the second quarter of 2023 and a…
Indonesia bans e-commerce transactions on social media platforms such as TikTok – report
The government said the move, which takes effect immediately, is aimed at protecting offline merchants and marketplaces, adding that predatory pricing on social media platforms is threatening small and medium-sized enterprises.
Indonesia may issue regulation on social media e-commerce – report
"What the people are expecting is that the advancement of technology can create new economic potential, not kill existing economies," Jokowi said.
Indonesia launches carbon exchange to reduce carbon emissions in the country
Indonesian government has on Tuesday launched its the country's first carbon exchange IDXCarbon, to reduce Indonesia’s carbon emissions and drive Indonesia’s transition to reach net zero emissions by 2060. ACX (AirCarbon Exchange) which is operating its proprietary regulated environmental asset trading platform, is the technology provider the Indonesia’s…
Indonesia’s Bank Mandiri collaborates with fisheries startup FishLog to support MSMEs
Bank Mandiri is collaborating with the fisheries startup FishLog to support MSMEs.
Malaysian bourse inks MOU with Thai, Indonesian bourses to set up Asean ESG ecosystem
The Malaysian bourse has signed a Memorandum of Understanding (MoU) with Indonesia Stock Exchange (IDX) and the Stock Exchange of Thailand (SET) to set up an ASEAN environmental, social and governance (ESG) ecosystem.
Indonesian sustainable farming, supply chain traceability startup Koltiva raises series A financing led by AC Ventures
Indonesia-based sustainable farming and supply chain traceability startup Koltiva has announced a seven-figure series A financing round led by top-tier, early-stage venture capital firm AC Ventures. The round also saw participation from Silverstrand Capital, Planet Rise, Development Finance Asia, and Blue 7, with existing investor The Meloy Fund, a…
Indonesia’s Bababos secures $3M in seed funding round led by East Ventures
Indonesian manufacturing raw material procurement platform Bababos has secured $3 million in seed funding that was led by East Ventures. The round also saw the participation from Patamar Capital and Accion Venture Lab.
IFC to invest up to $15M in Indonesia’s Tawada Healthcare
The International Finance Corporation (IFC) said on Monday that it will invest up to $15 million in IDR equivalent in PT. Tawada Healthcare (Tawada Healthcare) to support the company's medical device and consumables distribution business while also enabling it to expand its manufacturing operations.
Backed by three unicorns, Indonesia’s InsurTech firm PasarPolis gears up to disrupt insurance industry
In the interview, Van Zyl also shared PasarPolis’ short-term and long-term plans, the company’s strategy and the challenges it faced. He also shared his views on the overall insurance industry in Indonesia and Southeast Asia.
