Indonesia

The funding aims to further develop SIRCLO’s technological capabilities and accelerate the retail digitalization for various businesses all across Indonesia.

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.

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.

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.

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.

This ‘Super Angel’ round included leaders and executives from Islamic finance and fund management across various jurisdictions.

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.

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…

Bukalapak is Indonesia’s fourth-largest e-commerce company after Tokopedia, Sea Ltd’s Shopee and Alibaba’s Lazada.

Public listing expected to enable Kredivo’s continued growth in Indonesia, expansion into regional markets, and the ability to enter new business lines.