Indonesia

Antler, a global early-stage venture capital firm with strong presence in Indonesia, said Wednesday it will continue its commitment to support aspiring founders and early-stage teams by providing backing from day zero along with a goal to invest in over 30 Indonesian startups in 2023.

Indonesian Islamic digital bank Hijra Bank is optimistic that its performance this year will increase, because it is supported by the number of users that have experienced significant growth, in line with the high public needs in sharia financial services.

Indonesia has made a significant move towards becoming a major player in the global metaverse industry with the launch of its Indonesia Metaverse Collaboration Initiative on 1 March 2023, in conjunction with the Mobile World Congress 2023 in Barcelona.

Broom, an all-in-one automotive small and medium sized enterprise (SME) solutions startup based in Indonesia, announced Tuesday its $10 million Pre-Series A funding round led by Openspace.

Bababos, Indonesia-based raw material procurement platform for small and medium enterprises (SME) manufacturers, has on Tuesday announced the pre-seed funding led by East Ventures, the leading and pioneering sector-agnostic venture capital firm in Indonesia.

Indonesia is always keen to develop domestic EV production facilities to take advantage of its rich nickel reserves, an important material to produce EV batteries.

Indonesia-focused venture capital firm East Ventures, and Singapore-based non-profit organization Temasek Foundation, have launched Climate Impact Innovations Challenge (CIIC), the largest climate tech innovations platform of the year in Indonesia.

IDX has proposed to bring its local startups to also list on the bourse operated by Hong Kong Exchanges and Clearing Ltd (HKEX)

DishServe, an Indonesia-based food tech startup, has announced that it is pivoting its business model and is now focusing on the automation of back of house operations for restaurants, cafes and delivery only kitchens.

Government agency Japan International Cooperation Agency (JICA) has partnered with Indonesian investment platform ANGIN on NINJA accelerator program 2022.