Indonesia
GoTo closer to profitability as net loss down 41 percent y-o-y in 1Q
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, said its net loss fell 41 percent year on year to 3.9 trillion rupiah ($265 million) in the first quarter of 2023, driven mainly by higher revenues and reduced incentives and product marketing spend.
Nearly One in Five Cars Sold This Year Will Be Electric — International Energy Agency
Electric car sales are generally low outside the major markets, but 2022 was a growth year in India, Thailand and Indonesia. Collectively, sales of electric cars in these countries more than tripled compared to 2021, reaching 80,000.
Indonesia’s eFishery sets to be a unicorn as firm “in advanced talks” to raise $100M – report
If the deal goes through, the start-up is set to join Indonesia’s growing list of tech unicorns.
Indonesia aims green energy transition with the development of Nusantara at Hannover Messe 2023
The Indonesia government has affirmed its commitment to green energy in building the new capital city, Nusantara, at the largest Industrial and technology exhibition, Hannover Messe 2023 in Germany.
NusaTrip acquires Vietnam’s VLeisure, marks its first acquisition outside of Indonesia
NusaTrip, a Jakarta-based online travel agency (OTA) and the travel vertical of Society Pass Inc (SoPa), has on Thursday announced the acquisition of VLeisure, a Vietnam-based online business to business (B2B) hotel platform.
Equinix partners Astra to develop the digital infrastructure in Indonesia
United States-listed infrastructure company Equinix. Inc and Indonesian conglomerate PT Astra International Tbk (Astra), have on Tuesday announced a joint venture to develop the digital infrastructure in Indonesia that multinationals and local businesses need to accelerate their digital transformation.
Indonesia’s Legit Group secures $13.7M fresh Series-A funding for expansion plans
Legit Group, a multi-brand cloud kitchen conceptor andoperator based in Indonesia, has officially announced that it has raised a total of $13.7 million. This Series-A round is led by MDI Ventures, the venture capital company from PT Telkom Indonesia Tbk, and followed by other investors such as Sinar Mas Digital Ventures (SMDV), East Ventures, and Winter…
Indonesian insurtech firm PasarPolis sees significant growth potential in Indonesia
With less than two percent insurance penetration, Indonesia presents a market with significant headroom for growth, Indonesia-based insurtech firm Pasar Polis said Monday.
Indonesia’s Travelio raises an undisclosed Series C funding led by a large Korean financial group
Indonesia-based home rental startup Travelio has raised an undisclosed Series C funding round led by a large Korean financial group.
Telkom to integrate broadband arm IndiHome into Telkomsel
Telkomsel major shareholders Singapore Telecommunications (Singtel) and Indonesian telecommunications firm Telkom have signed an agreement to spin off and integrate Telkom's fixed broadband business IndiHome into Telkomsel.
