Indonesia
JICA partners ANGIN to hold NINJA accelerator Demo Day in Indonesia
Government agency Japan International Cooperation Agency (JICA) has partnered with Indonesian investment platform ANGIN on NINJA accelerator program 2022.
AC Ventures launches advisor community to support startups
Indonesia’s leading early-stage venture capital firm AC Ventures (ACV) has on Tuesday formally announced its latest value creation initiative in the form of an expert advisor community, designed to help startups achieve operational excellence from day one.
GoTo accelerates profitability timeline, with adjusted EBITDA expected to turn positive in 4Q, 2023
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has on Friday announced that it has further accelerated its profitability timelines. The firm expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to become positive within the fourth quarter of 2023.
East Ventures launches white paper on genomics with Indonesia’s Ministry of Health
East Ventures, an Indonesia-focused venture capital firm, has on Thursday launched a white paper “Genomics: Leapfrogging into the Indonesian healthcare future”.
Australia’s plastic alternative firm Uluu aims to build commercial plant in 2025
Uluu uses farmed seaweed rather than terrestial crops or waste as a carbon source to produce a plastic alternative. Doing so not only provides economic advantages but, more importantly, the unique potential to scale enough carbon to decouple our polymer economy from fossil fuels, information from its website showed. From its unique seawater process, Uluu’s…
Indonesia’s Asa Ren raised oversubscribed $8.15M co-led by Top Harvest Capital, Kejora Capital, Marcy Venture Partners
Asa Ren, an Indonesia-based DNA data company based in Indonesia, has on last week announced the closing of a new early stage round of fundings of $8.15 million. This oversubscribed round was co-led by Top Harvest Capital (Silicon Valley USA), Kejora Capital (Kejora-SBI Orbit Fund and Orbit Capital Malaysia), and Marcy Venture Partners (Silicon Valley USA),…
Indonesia to draft regulation enabling media to receive payments from digital platforms for content – report
President Joko Widodo cited an urgent need for the new law since 60 percent of the advertisement market in the Southeast Asian country is dominated by mainly foreign digital platforms.
Grab Indonesia inks partnership with SRCIS for digital services
Continuing Grab’s long-term commitment in accelerating the digitalization for local micro, small and medium enterprises (MSMEs), Grab Indonesia inked a partnership with PT SRC Indonesia Sembilan (SRCIS).
GoTo announces new leadership structure as it strengthens corporate governance and operational efficiency
PT GoTo Gojek Tokopedia Tbk (GoTo) has on Wednesday unveiled a strengthened GoTo Group leadership team, as the company continues to focus on enhancing corporate governance as well as faster and more efficient execution to drive the business towards profitability.
Indonesian cybersecurity firm Peris.ai secures funding led by East Ventures
Peris.ai, an Indonesian-based cybersecurity as a service startup, has on Wednesday announced the new funding led by East Ventures, a sector-agnostic venture capital firm in Indonesia. Magic Fund also participated in this funding.
