Indonesia
‘Indonesia-only’ VC firm Intudo Ventures closes $115M Fund III
Intudo Ventures Fund III will seek out opportunities in agriculture, B2B & enterprise, education, finance & insurance, healthcare, logistics, and new retail & entertainment, constructing a concentrated portfolio of 12-14 Indonesian homegrown companies.
[Updated] Indonesia unicorn Traveloka said to halt talks with Bridgetown SPAC – report
The Southeast Asian online travel company will likely explore going public via a traditional initial public offering (IPO) in the US market, according to the report.
Southeast Asia’s top 50 rising women in tech 2021 [Updated]
More and more venture capital (VC) firms and angel investors are wising up to the opportunity in investing in the region’s female founders. Despite the largely virtual deal-making environment over the past year due to COVID, women-led startups have secured multimillion-dollar rounds across a multitude of sectors.
Indonesia’s Ayoconnect raises $10M in Pre-Series B funding round
Pre-Series B funding allows Ayoconnect to continue to focus on growth, recruitment, and product development - particularly in building the API economy in Indonesia with full-stack API solutions.
Malaysia’s Islamic crowdfunding platform Ethis Group raises $1.7M in pre-Series A round
This ‘Super Angel’ round included leaders and executives from Islamic finance and fund management across various jurisdictions.
Indonesia’s GoTo to complete $2B funding round, eyes IPO in 2022 – report
The delay comes as Indonesia's Financial Services Authority (OJK) considers new listing guidelines for tech companies to offer dual-class shares that confer different voting rights.
Tech-enabling Indonesia’s 63M MSMEs, the engine of growth for the post-pandemic recovery
MSMEs are the engine of growth for the Indonesian economy, with 60 million+ registered MSMEs contributing approximately 61% of GDP. This enormous category employs over 116 million people, which is equivalent to 97 percent of Indonesia’s labor force. I believe there is tremendous value in providing solutions to MSMEs and opportunities to enter the Indonesian…
Microsoft, Ant-backed Bukalapak share price jumps 25% on trading debut
Bukalapak is Indonesia’s fourth-largest e-commerce company after Tokopedia, Sea Ltd’s Shopee and Alibaba’s Lazada.
Indonesia BNPL firm Kredivo plans go public via via $2.5B SPAC merger
Public listing expected to enable Kredivo’s continued growth in Indonesia, expansion into regional markets, and the ability to enter new business lines.
Indonesia’s Traveloka in talks to raise up to $400M for SPAC deal – report
The fundraising, a so-called private investment in public equity (PIPE), would be part of a deal to merge the online travel startup with Bridgetown Holdings Ltd as soon as this year.
