Indonesia

Singapore-based taxi operator ComfortDelGro and Indonesia-based on-demand mobile platform Gojek are coming together to jointly explore ways to address key issues affecting the point-to-point transport industry, including driver shortage.

East Ventures, the Singapore-based venture capital firm that has supported over 250 tech companies across Southeast Asia, has on Wednesday launched the fourth initiative of Indonesia PASTI BISA, namely Maju Terus Pantang Mundur (Keep Moving Forward, Never Give Up) or IDPB MTPM, to revive and support the digital ecosystem in Indonesia.

PT GoTo Gojek Tokopedia Tbk (GoTo), the Indonesia merged entity of Gojek and Tokopedia, announced Monday that its gross revenue up 30 percent year on year to Rp5.9 trillion ($375 million), above middle point of guidance range, as all segments registered growths. Meanwhile, its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)…

Bell Society, CarbonEthics, and Surplus are the three selected start-ups to join JICA NINJA accelerator program 2022.

Indonesian state-owned electricity company PT PLN (Persero) (PLN) announced Wednesday an agreement with Amazon for 210 megawatts (MW) of renewable energy capacity across four solar projects in Indonesia. This is a first-of- its-kind agreement for corporates to access additional, utility-scale solar projects in the country.

PT Telkom Indonesia (Persero) Tbk (Telkom) and Google Cloud have entered into a multi-year strategic collaboration to realize Telkom’s vision of becoming a leading digital telco that empowers local businesses and communities.

East Ventures, a sector-agnostic venture capital firm in Indonesia, has signed a Memorandum of Understanding with the Indonesia Chamber of Commerce and Industry (KADIN) Net Zero Hub and World Resources Institute (WRI) Indonesia for the strategic partnership and collaboration in advancing commitment towards net zero targets.

KKR, a leading global investment firm, and Privy, a leading digital trust provider in Indonesia, announced Monday the signing of definitive agreements under which KKR will participate as the lead investor in the $48 million Series C funding round of Privy.

Broom, an Indonesia-based automotive startup, announced Thursday its partnership with Bank DBS Indonesia through a IDR 100 billion ($6.45 million) credit facility. The credit facility is expected to be a growth accelerator for the company to expand its geographical scope and services across the used-car showroom industry in Indonesia, as well as Bank DBS…

Base, a technology-based, vegan beauty and wellness brand in Indonesia, announced that it has raised $6 million in Series A funding to strengthen its positioning in Indonesia’s market and to continue fueling its growth. Rakuten Ventures led the round, along with participation from existing investors Antler, East Ventures, Skystar Capital, and Pegasus Tech…