Indonesia

Continuing Grab’s long-term commitment in accelerating the digitalization for local micro, small and medium enterprises (MSMEs), Grab Indonesia inked a partnership with PT SRC Indonesia Sembilan (SRCIS).

PT GoTo Gojek Tokopedia Tbk (GoTo) has on Wednesday unveiled a strengthened GoTo Group leadership team, as the company continues to focus on enhancing corporate governance as well as faster and more efficient execution to drive the business towards profitability.

Peris.ai, an Indonesian-based cybersecurity as a service startup, has on Wednesday announced the new funding led by East Ventures, a sector-agnostic venture capital firm in Indonesia. Magic Fund also participated in this funding.

Ayoconnect, an Indonesia-based open finance API platform, has on Tuesday announced a strategic partnership with Mastercard to modernize bank account-based payments and co-create open finance solutions in Indonesia.

MUFG Innovation Partners Co., Ltd. (MUIP) and MUFG Bank, subsidiaries of Mitsubishi UFJ Financial Group, Inc. (MUFG), have on Tuesday announced that they have established a $100 million fund called the MUFG Innovation Partners Garuda No. 1 Limited Investment Partnership with PT Bank Danamon Indonesia, Tbk (Danamon), a leading commercial bank in Indonesia.

EdenFarm, a food service-focused startup based in Indonesia, has secured $13.5 million in its latest Pre-Series B bridge round led by Telkomsel venture arm Telkomsel Mitra Inovasi (TMI), AppWorks, and AC Ventures. The round was also supported by Decart Ventures, Fubon Capital, Trihill Capital, OCBC NISP Ventura, Nakhla and Capria Ventures.

JD.com is China’s largest online retailer and its biggest overall retailer, as well as the country’s biggest Internet company by revenue.

Imajin, a manufacturing startup based in Tangerang, Indonesia, announced Wednesday that it has secured seed funding led by East Ventures, along with the participation of 500 SEA, Init 6, as well as other investors and angel investors.

iSeller, Indonesia’s omnichannel-based Point of Sale (POS) platform for online and offline merchants, has on Thursday announced the completion of a $12 million Series B round of financing led by Intudo Ventures. The round also saw participation from KVision (Kasikornbank), as well as existing investors Mandiri Capital Indonesia and Openspace Ventures.

Indonesia has the world’s largest nickel reserve which is essential for the battery industry.