Indonesia

GoTo’s 1Q22 gross revenue grows 53 percent to $357.38m

PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Monday that its gross revenue for the first quarter of 2022 (1Q22) increased by 53…

Indonesia’s Astro raises $60M Series B funding, bringing the total investment to more than $90M

Astro, an Indonesia platform that enables 15-minute grocery delivery to customers, said Monday it has raised $60 million Series B funding led by Accel, Citius and Tiger Global,…

Indika Energy, Alpha JWC Ventures and Horizons Ventures team up for EV venture

Indika Energy, Alpha JWC Ventures and Horizons Ventures announced Friday their latest collaboration in the form of joint investment in Ilectra Motor Group (IMG), a company that…

Renewable energy rises to the occasion as oil & gas prices spike

Editor’s note: Kairous Capital, AC Ventures  & Solar AI Technologies are participants of Life’s A Pitch! (Renewable energy) on Apr 28. The fact that nine out of 10 countries…

Indonesia’s Bibit raises more than $80M funding led by GIC

Bibit, one of the leading digital investment apps in Indonesia, announced Wednesday that it has raised more than $80 million in a funding round led by GIC Private Limited (GIC),…

Indonesian culinary multi-brand firm Hangry eyes up to 100 outlets in 2022 while hunting for M&A targets

Indonesian culinary multi-brand startup Hangry, which raised an additional $22 million for its Series A funding last month, plans to have up to 100 outlets in the country this…

Indonesian FinTech firm Xendit raises $300M Series D funding co-led by Coatue and Insight Partners

Xendit, an Indonesia-based payments infrastructure platform, announced Thursday it closed $300 million in Series D funding, taking the total amount raised to $538 million to power…

Indonesia poultry tech firm Pitik raises $14M in Series A funding led by Alpha JWC Ventures

Indonesia’s largest poultry tech startup Pitik announced on Thursday its $14 million Series A funding round led by Alpha JWC Ventures with participation from existing investors…

Indonesia career preparation EdTech MySkill secures Seed funding from East Ventures

MySkill, an EdTech startup that focuses on career preparation for youths, announced today that it has secured an undisclosed amount of seed funding from East Ventures, the leading…

TSBA cohort participants raise $40M through the collaboration with Indonesian Crypto Asset Exchange, Tokocrypto and BRI Ventures

Tokocrypto, an Indonesian crypto-asset digital exchange, has partnered with the country’s leading government-owned bank’s corporate venture capital firm, BRI Ventures, for an…