Indonesia

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.

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.

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.