Indonesia
East Ventures and Kadin Indonesia launch free web-based greenhouse gasses calculator
East Ventures and The Indonesian Chamber of Commerce and Industry (Kadin Indonesia) have on Tuesday launched ECOVISEA, which stands for Emission Calculator & Visualization Southeast Asia.
GoTo and TikTok complete merger, formalize strategic partnership for Indonesia
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, and TikTok, a global entertainment platform, have on Wednesday announced the completion of their previously announced merger that aims to drive long term growth for Indonesia’s micro, small and medium enterprises (MSMEs) and digital economy.
AC Ventures raises $210M to back tech-enabled businesses in Indonesia and Southeast Asia
Indonesia-based venture capital firm AC Ventures has announced the final close of its fifth investment fund, ACV Capital V L.P. (ACV Fund V), totaling $210 million, including co-investment funds.
VinFast powers Indonesia’s EV future with expansion plan
The Indonesian government's push for an electric vehicle ecosystem creates an ideal opportunity for VinFast, Vietnam's premier EV manufacturer, to contribute to Indonesia's goal of reaching sustainable transportation.
Warren Buffet-backed China’s EV giant BYD debuts in Indonesia – report
BYD is also accelerating its overseas footprint by setting up production facilities in Brazil and Thailand (with an annual production capacity of 150,000 units each) and expanding its sales network in Europe, according to DBS Group Research.
Singapore-based agritech firm DayaTani secures $2.3M seed round financing
In a significant move towards transforming agriculturaltechnology in Indonesia, DayaTani, a farming focused agritech startup based in Singapore, has announced its successful acquisition of $2.3 million in seed round financing. The round sees participation by prominent venture capitalists namely KBI Investment and MDI Ventures backed Ascent Venture Group who…
Thailand-based insurtech Roojai acquires Indonesian online insurance aggregator Lifepal
Thailand-based insurtech Roojai Group announced last Friday that it has acquired Lifepal, an online insurance broker in Indonesia with over 2 million unique visitors per month.
SIRCLO partners with Shopify to enhance E-Commerce capabilities
SIRCLO, a an omnichannel commerce enabler in Indonesia has announce its partnership with Shopify, the global e-commerce powerhouse, to enhance its e-commerce capabilities. This alliance is set to transform the online retail experience, combining the strengths of both companies to offer superior e-commerce platforms in Indonesia.
Funding into Indonesian FinTech startups falls 51 percent to $765 million in 2023
Total funding into Indonesian FinTech startups fell 51 percent to $765 million in 2023, from $1.6 billion in 2022, Tracxn Technologies Ltd. said Tuesday. The Indonesian startup ecosystem is the second highest-funded startup ecosystem in the Southeast Asian (SEA) region in terms of overall funding and also the second largest economy in the SEA region.
Indonesia’s KOMUNAL raises $5.5M in Series A+ funding round led by Sumitomo Corporation Equity Asia
KOMUNAL, an Indonesian fintech firm focused on driving financial inclusion through the digitalization of rural banks (BPR), has closed the year 2023 by raising $5.5 million in a Series A+ funding round led by Sumitomo Corporation Equity Asia.The funding round also saw participation from notableventure capital firms including Jafco Asia, Skystar Capital,…
