Indonesia
KKR leads $48M Series C round in Indonesian digital trust provider Privy
KKR, a leading global investment firm, and Privy, a leading digital trust provider in Indonesia, announced Monday the signing of definitive agreements under which KKR will participate as the lead investor in the $48 million Series C funding round of Privy.
DBS Indonesia signs $6M credit facility for Indonesia-based automotive startup Broom
Broom, an Indonesia-based automotive startup, announced Thursday its partnership with Bank DBS Indonesia through a IDR 100 billion ($6.45 million) credit facility. The credit facility is expected to be a growth accelerator for the company to expand its geographical scope and services across the used-car showroom industry in Indonesia, as well as Bank DBS…
Indonesian DTC beauty and wellness Base lands $6M Series A round led by Rakuten Ventures
Base, a technology-based, vegan beauty and wellness brand in Indonesia, announced that it has raised $6 million in Series A funding to strengthen its positioning in Indonesia’s market and to continue fueling its growth. Rakuten Ventures led the round, along with participation from existing investors Antler, East Ventures, Skystar Capital, and Pegasus Tech…
Indonesia fisheries start-up FishLog closes $3.5M pre-Series A round
Indonesia fisheries start-up FishLog announced Wednesday that it has successfully closed its pre-Series A round, with participation from BRI Ventures, Accel, Insignia Ventures Partners, Patamar Capital, Indogen Capital, and Triputra Agri Group.
Airasia super app completes Asean expansion with official launch of platform in Indonesia
The airasia super app is officially launched in Asean’s largest populated country - Indonesia on Wednesday, marking a significant milestone for the region’s fastest-growing travel super app as it completes its Asean expansion plan in 2022, focusing on Bali as a key international tourist market.
AC Ventures launches ACV Academy to support early-stage tech founders
Indonesia-based, early-stage venture capital firm AC Ventures (ACV) announced Wednesday the launch of its education platform for tech entrepreneurs in emerging markets called ACV Academy. The free-to-access, ongoing, training sequence is designed to take the early-stage tech ecosystem in Southeast Asia to a new level of know-how.
IDX partners MVGX to develop Indonesia’s carbon exchange system
Indonesia Stock Exchange (IDX) is exploring the possibility of working with MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS), to develop Indonesia’s carbon exchange system.
Indonesia’s Bukalapak revenue grows by 86 percent year on year in 3Q
Indonesian e-commerce company Bukalapak announced Monday that its revenue grew by 86 percent year on year to IDR 898 billion ($57.58 million) in the third quarter of 2022 (3Q22), underpinned by strong performance of its online-to-offline solution Mitra Bukalapak.
Indonesia’s Jago raises $2.2M Pre-Series A round led by Intudo Ventures and BEENEXT
Jago, an Indonesia-based mobile café company, announced Thursday the completion of a $2.2 million Pre-Series A round of financing led by Intudo Ventures and BEENEXT.The round also saw participation from CyberAgent Capital, and Arkblu Capital.
