Indonesia
Indonesian healthtech firm Klinik Pintar closes $5M round led by Altara Ventures
Jakarta-headquartered healthtech company Klinik Pintar has announced an oversubscribed $5 million Series A1 funding round led by Altara Ventures. The round also saw participation from leading healthcare information technology (IT) corporate, Infocom, and existing investors Golden Gate Ventures, Skystar Capital and Venturra.
China’s Tik Tok to invest $1.5B in Indonesia’s GoTo
Chinese entertainment platform Tik Tok will invest $1.5 billion in Indonesia's largest digital ecosystem PT GoTo Gojek Tokopedia Tbk (GoTo Group). As part of the agreement, Tokopedia and TikTok Shop Indonesia’s businesses will be combined under the existing PT Tokopedia entity in which TikTok will take a controlling stake.
Mandiri Capital Indonesia partners BTN to launch prop-tech focused fund through BTN Fund
Indonesian commercial bank PT Bank Tabungan Negara (Persero) Tbk (Bank BTN) and PT Mandiri Capital Indonesia (MCI), the corporate venture capital arm of Bank Mandiri, have signed a term sheet to establish the BTN Fund, targeting investments in digital technology with a focus on housing.
Connected commerce: Bridging the gap between online and offline retail
Considering Indonesia's geographical conditions and limited internet access, traditional offline sales channels still dominate the #retail landscape. Connected commerce offers #SMEs a new alternative to expand exposure, boost awareness, gain market access, and distribute goods. #ConnectedCommerce allows a brand to accommodate diverse consumers within…
Indonesia readies ethics guidance for AI developers – report
Indonesia has drafted ethics guidance for developers using artificial intelligence (AI) to prevent potential misuse of the new technology.
ByteDance’s TikTok strikes deal with GoTo to save Indonesian TikTok Shop – report
Tik Tok is said to have agreed broadly to work with GoTo’s Tokopedia across several areas rather than compete directly with the Indonesian platform.
Indonesian construction technology company Gravel raises $14M from prominent investors
Gravel, the Indonesia-based construction technology company, has raised $14 million to date from investors. The investors include New Enterprise Associates (NEA); Weili Dai, Co-Founder Marvell Technology Group; Lip-Bu Tan, Executive Chairman of Cadence Design System and Chairman of Walden International; SMDV; East Ventures; along with other strategic…
ByteDance’s TikTok obtaining Indonesia e-commerce permit- report
ByteDance Ltd’s TikTok is said to be in the process of obtaining an e-commerce permit in Indonesia, local media Antara reported.
Indonesia’s JALA raises $13.1M from Intudo to scale up operations across key regions of Indonesia
JALA, an Indonesian digital enabler for the shrimp industry, has on Tuesday announced the completion of a $13.1 million Series A round of financing led by Intudo Ventures. The funding also saw participation from Sinar Mas Digital Ventures (SMDV), and existing investors Mirova and Meloy Fund (Deliberate Capital).
Circles X delivers telco-as-a-service in Indonesia with Google Cloud
Circles, a technology firm in Singapore, has rapidly deployed its Circles X telco-as-a-service solution in Indonesia, guided by Google Cloud’s DevOps Research and Assessment (DORA) metrics. These metrics, including deployment frequency, lead time for changes, change failure rate, and time to restore service, contributed to a more nimble and efficient…
