Indonesia

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.

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.

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.

The International Finance Corporation (IFC) and Amartha, an Indonesian microfinance fintech platform, have developed an innovative funding solution to boost access to finance for women-owned micro-enterprises.

VinFast, formed and almost entirely controlled by Vietnam richest man Pham Nhat Vuong, also plans to invest around $1.2 billion in the Indonesian market in the long-term.

The funding will be allocated to accelerate its product development and marketing efforts as the platform will be launched in November 2023.

Tin Men Capital, a Singapore-based venture capital firm which focuses on Southeast Asian B2B tech startups has invested $3 million in the total $8 million financing raised by Manuva.

Otoklix is also gearing up to be a first-mover in Indonesia’s electric vehicle aftermarket, with a focus on outfitting and educating workshop teams to service electric motorbikes. The startup has also entered into a strategic partnership with Indonesia’s state-owned oil and natural gas corporation Pertamina to reestablish the Bright Olimart service chains…

Indonesia’s sovereign wealth fund Indonesia Investment Authority (INA) and China-based data centers operator GDS have announced their partnership to develop and expand the data center landscape in Indonesia. The two entities recognized Indonesia’s potential as an emerging data center market and share a common vision regarding the pivotal role that data…

Founded in July 2017, PrimaKu is a community-based parenting ecosystem helping address the challenges of parenting in Indonesia. Through its full-stack digital platform, PrimaKu connects parents, pediatricians, and health facilities to provide comprehensive child healthcare services.