Indonesia
Alpha JWC expects E2W vehicles to be widely adopted in Indonesia soon; open for future opportunities in EV sector
E2W is highly potential, especially in Indonesia with its large market and increasing demand for motorbikes. The trends projected that E2W will be adopted widely soon, and with our superior proposition, we can provide the best-in-class options to cater to this,” Alpha JWC Ventures Co-Founder and General Partner Chandra Tjan told TechNode Global.
Razer Fintech acquires Indonesian digital payment firm E2Pay
Razer Fintech’s acquisition of E2Pay expands the organization’s digital payment solutions into Indonesia, one of the region’s fastest-growing digital economies in the world.
Indonesia’s Pintu raises $113M Series B from Intudo, Lightspeed, Northstar, Pantera
Pintu, an Indonesia-based crypto wallet and trading platform, announced Tuesday the closing of a $113 million Series B round of financing from Intudo Ventures, Lightspeed, Northstar Group, and Pantera Capital. With this round of financing, the firm plans to solidify its position as the leading crypto assets platform in Indonesia, rolling out new features,…
Indonesia’s J&T Express invests $136M for logistics center in Malaysia
JT Express, an Indonesia-based international express logistics company, announced Tuesday it has invested MYR600 million ($136.46 million) to purchase a 30-acre parcel of land in Bandar Rimbayu, Selangor, Malaysia, to build a logistics center. The land will be used to build an integrated logistics center for express distribution, logistics and…
Indonesia’s GoTo expands its sustainability commitments
PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Friday that it has expanded its ‘Three Zeros’ commitments (Zero Emissions, Zero Waste, Zero Barriers) across its ecosystem, forming a consolidated approach and strategy for the company, united behind common sustainability goals.
Indonesia’s Traveloka nears $200M funding after SPAC talks – report
Traveloka had been valued at $3 billion, according to CB Insights, but Bloomberg reported in 2020 that it was seeking funds at a lower valuation.
Indonesian agritech startup Eratani gets $1.6M fresh funding led by Trihill Capital
Eratani, an Indonesia-based agri-tech start-up company, said Thursday it has officially received initial funding of 23 billion Rupiah ($1.6 million) from 29 investors led by Trihill Capital, followed by Kenangan Fund and Kopital Network. The fresh funds will be used to build the ecosystem and supply chain; strengthen expansion and penetration throughout…
NEA leads $70M Series C round in Indonesian social commerce platform Super
Super, an Indonesia-based social commerce platform serving tier-2 and tier-3 cities and Indonesian rural areas, announced Thursday that it has completed a $70 million oversubscribed Series C round led by NEA. The round also saw additional investment from Insignia Ventures Partners, SoftBank Ventures Asia, DST Global Partners, Amasia, B Capital, TNB Aura,…
Malaysia’s home services platform Kaodim to cease operations next month
The prolonged COVID lockdowns and their “knock on” effects in the form of operational disruptions, labor shortages and higher running costs have significantly impacted its business and the quality of service.
GoTo’s 1Q22 gross revenue grows 53 percent to $357.38m
PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Monday that its gross revenue for the first quarter of 2022 (1Q22) increased by 53 percent year on year to Rp5.2 trillion ($357.38 million), representing an improvement in take rate from 3.5 percent to 3.7 percent due to better monetization in e-commerce and…
