Indonesia
Indonesia’s Skor Technologies raises $6.2M in pre-Series A funding led by Argor Capital
Skor Technologies, the parent company of Indonesia-focused Skorlife and the new Skorcard credit card, has raised $6.2 million in its latest Pre-A round.
Arrow Electronics partners STARFINDO to support tech startups in Indonesia
Global technology solutions provider Arrow Electronics has entered into a memorandum of understanding (MoU) with Asosiasi Startup for Industry Indonesia (STARFINDO) to bolster tech startups within Indonesia's ecosystem.
Indonesia’s Bukalapak ceases physical product sales on marketplace
Indonesian e-commercer firm Bukalapak said Thursday that the firm has decided to gradually discontinue physical product sales on the Bukalapak platform, starting in February 2025.
Indonesia’s J&T Express reports 32.5 percent parcel volume growth in fourth quarter of 2024
J&T Global Express, the Hong Kong-listed Indonesian logistics service provider, announced Tuesday that the firm achieved a total parcel volume of 7.39 billion in the fourth quarter, a 32.5 percent year-over-year increase, with an average daily volume of 80.3 million parcels.
Indonesia e-commerce firm Bukalapak to stop selling physical goods – report
Bukalapak, which went public in 2021, said in a statement that it later would only sell virtual products ranging from mobile phone credits to streaming vouchers.
Apple still barred from selling iPhone 16 in Indonesia despite investment deal, minister says – report
Minister Agus Gumiwang Kartasasmita said Apple had struck a deal to build a facility producing its Airtag tracking device on Indonesia's Batam island, close to Singapore, but that still would not count as a locally made iPhone part, the report added.
Indonesia’s HiFeed secures pre-seed funding from Wavemaker Impact
HiFeed, an Indonesian cattle farming solution start-up, has on Wednesday announced the successful closure of its pre-seed funding round, led by climate-tech venture builder Wavemaker Impact (WMi).
Indonesia’s Traveloka sees a growing awareness of the importance of sustainable travel
2025 is shaping up to be an important year for the travel industry. Advancements in technology, particularly AI, are redefining how travelers plan and experience their journeys, offering both opportunities and challenges for the sector.
East Ventures market outlook 2025: Thriving in the new transitions and realizing a “believable Southeast Asia”
Firmly, East Ventures stands beyond the baseline, with revenue from the growth-stage portfolio companies rising 40 percent year-on-year (YoY), surpassing that of SEA by nearly triple. This not only underlines the firm’s approach to investment resilience but also positions East Ventures ahead of regional benchmarks among other companies and venture capital…
Indonesia’s Bobobox launches five new properties
Indonesian capsule hotel and cabin operator Bobobox said Monday that it has launched five new properties in Indonesia.
