Indonesia
Indonesia’s Astro raises $60M Series B funding, bringing the total investment to more than $90M
Astro, an Indonesia platform that enables 15-minute grocery delivery to customers, said Monday it has raised $60 million Series B funding led by Accel, Citius and Tiger Global, bringing its total investment to more than $90 million since it started in September 2021. Existing investors, AC Ventures, Global Founders Capital, Lightspeed and Sequoia Capital…
Indika Energy, Alpha JWC Ventures and Horizons Ventures team up for EV venture
Indika Energy, Alpha JWC Ventures and Horizons Ventures announced Friday their latest collaboration in the form of joint investment in Ilectra Motor Group (IMG), a company that specializes in electric two-wheel (E2W) vehicles.
Renewable energy rises to the occasion as oil & gas prices spike
Some of the venture capital firms have already started scouting opportunities to invest in renewable energy startups in the region.
Indonesia’s Bibit raises more than $80M funding led by GIC
ibit, one of the leading digital investment apps in Indonesia, announced Wednesday that it has raised more than $80 million in a funding round led by GIC Private Limited (GIC), joined by Prosus Ventures and other existing investors. The funds raised will be used for the launch of new products and services, tech development, acquiring top talent from the…
Indonesian culinary multi-brand firm Hangry eyes up to 100 outlets in 2022 while hunting for M&A targets
The company’s expansion will focus on Indonesia first before starting to expand regionally in 2024.
Indonesian FinTech firm Xendit raises $300M Series D funding co-led by Coatue and Insight Partners
Xendit, an Indonesia-based payments infrastructure platform, announced Thursday it closed $300 million in Series D funding, taking the total amount raised to $538 million to power the world’s fastest-growing digital economy. Coatue and Insight Partners co-led the round with additional investment from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia,…
Indonesia poultry tech firm Pitik raises $14M in Series A funding led by Alpha JWC Ventures
The fresh funding will also be used for aggressive team expansion. Headquartered in the Greater Jakarta Area with operations in 14 cities, Pitik aims to add dozens of deep tech engineers, operations professionals, as well as poultry experts to its current team.
Indonesia career preparation EdTech MySkill secures Seed funding from East Ventures
MySkill, an EdTech startup that focuses on career preparation for youths, announced today that it has secured an undisclosed amount of seed funding from East Ventures, the leading sector-agnostic venture capital firm in Indonesia and Southeast Asia.
TSBA cohort participants raise $40M through the collaboration with Indonesian Crypto Asset Exchange, Tokocrypto and BRI Ventures
Tokocrypto, an Indonesian crypto-asset digital exchange, has partnered with the country’s leading government-owned bank’s corporate venture capital firm, BRI Ventures, for an initiative known as Tokocrypto Sembrani Blockchain Accelerator (TSBA) powered by TokoLabs. Through the accelerator program, the collaboration has helped emerging blockchain projects…
Indonesia’s Mekari secures $50M funding led by Money Forward
Mekari, an Indonesia-based software-as-a-service (SaaS) startup, announced Friday its latest funding of $50 million led by Money Forward Inc, the largest SaaS provider of financial planning and accounting applications from Japan. This funding was also followed by the participation of previous investors.
