Indonesia
Indonesia’s Runchise raises seed funding led by East Ventures
Runchise, a restaurant management startup and culinary franchise in Indonesia, announced Friday the completion of seed funding led by East Ventures.Other investors participating in this funding round include Genesia Ventures, Arise MDI Ventures, Init6, Prasetya Dwidharma, Alto Partners, and angel investors.
Indonesia’s Xurya receives additional funding from Mitsui to top $33M Series A
PT Xurya Daya Indonesia (Xurya), a solar power rental and installation startup, has received additional series A funding from global trading and investment company Mitsui & Co., Ltd. (Mitsui) and PT Surya Semesta Internusa Tbk (SSIA). Its total funds obtained through series A reached 33 million US dollars following the raise.
Indonesia e-commerce group Blibli plans up to $528M IPO next month – report
The IPO plan follows the $1.1 billion IPO of GoTo Group, Indonesia's biggest tech firm, earlier this year and the 2021 $1.5 billion IPO of BukaLapak.
Indonesia’s unicorn Kopi Kenangan debuts in Malaysia – report
Founded in 2017, Kopi Kenangan expanded to more than 850 outlets in 64 cities in Indonesia and officially became the first Southeast Asia company to achieve 'unicorn' status in the F&B category in December last year.
Indonesian farming startup Beleaf raises $2M seed funding led by Alpha JWC Ventures
Indonesian smart farming startup Beleaf announced Monday its recently closed Seed funding of $2 million led by Alpha JWC Ventures, with participation from BRI Ventures’ Sembrani Nusantara, MDI-Finch Capital’s Arise, and several prominent angel investors.
Indonesian financial management platform Pocket raises pre-seed funding led by East Ventures
Pocket, an Indonesia-based fintech startup providing a holistic financial health platform for families, announced Monday the completion of an undisclosed amount of pre-seed funding led by East Ventures.
Indonesia’s Ayoconnect raises $13M Series B+ led by SIG Venture Capital
Ayoconnect, an Indonesia-based open finance platform, has closed $13 million for its Series B+ financing round led by SIG Venture Capital with participation from CE Innovation Capital.
Indonesia’s Waste4Change grabs $5M Series A co-led by AC Ventures
Indonesia-based waste management platform Waste4Change announced Friday that it has secured a $5 million series A funding round, co-led by AC Ventures and PT Barito Mitra Investama.
Indonesia’s ALAMI closes pre-series B round led by East Ventures
ALAMI Group, an Indonesia-based Shariah-compliant small and medium-sized enterprise (SME) lending platform, announced Monday that it has successfully closed pre-series B round led by East Ventures (Growth fund) alongside returning investors namely AC Ventures, Quona Capital and FEBE Ventures.
AC Ventures partners BCG to promote Indonesia’s tech sector ESG standards
Indonesia-focused, early-stage venture capital firm AC Ventures (ACV) announced Wednesday that it has published Indonesia’s impact report to date on the local digital economy. In the report titled “Scaling Impact With Technology,” ACV analyzed its own operations, as well as those of its portfolio companies, to offer a numerical baseline for environmental,…
