Indonesia
Tencent-backed J&T Express raises $2.5B ahead of Hong Kong listing – report
J&T's main backers Boyu Capital, Hillhouse Capital Group and Sequoia Capital China, and Chinese internet giant Tencent Holdings were among investors in the latest fundraising.
Singapore solar energy firm SUN Energy raises $25M Series A funding, valuing the company at $200M
The funding round will enable SUN Energy to cement its leading market position in Indonesia and bolster growth in the region alongside blue-chip strategic partners that share a similar vision on energy transition.
Singapore digital asset platform StraitsX launches rupiah-denominated stable coin
StraitsX has launched the StraitsX Indonesian Rupiah (XIDR), its second stablecoin in Southeast Asia (SEA). Each XIDR token is fully-backed by one Indonesian Rupiah and will be supported by partners in the StraitsX ecosystem.
Indonesia President Jokowi to launch VC fund backed by state-owned firms – report
State-owned companies will be directed to help with this new funding.
Gojek and TBS Energi Utama form joint venture to accelerate the development of Indonesia’s two-wheel electric vehicle ecosystem
Gojek and PT TBS Energi Utama Tbk (TBS) has announced the formation of a joint venture to accelerate the adoption of electric vehicles (EVs) in Indonesia. The joint venture, known as Electrum, will act as a platform through which both companies will develop infrastructure for two-wheel EVs throughout the country, both parties said in a statement.
Vietnam’s Society Pass eyes M&A opportunities in Indonesia, Philippines after share price jumps more than 400% on NASDAQ
The firm is keen to pursue acquisitions in categories that augment its loyalty point ecosystem, as well as e-Commerce and online travel.
Malaysia’s Sunway Group and Indonesia’s Kejora Capital launch $25M fund to support early-stage Malaysian startups
Orbit Malaysia will actively invest in Series A, industry-leading companies operating in the FinTech, AgriTech, eCommerce, EdTech and HealthTech sectors, and will invest not only in Malaysian startups, but also significantly in other high-growth Southeast Asian startups.
Indonesia e-commerce marketplace Ula secures an additional $23.1M in Series B from Tiger Global
Ula has secured an additional $23.1 million funding from Tiger Global. With a total Series B funding of $110 Million, Ula will continue to invest in geographic, product, and team expansion, with a special focus on supporting underserved retailer communities through technology in Tier 2 to 4 cities.
Indonesia influencer platform KaryaKarsa raises $500K Seed round led by Accelerating Asia, Sketchnote Partners
KaryaKarsa has collaborated with more than 40K creators and served 300K users, enabling creators to promote their digital content or service offerings, such as books, comics, audio, video, and other digital goods, directly to their audience without going through middlemen. The seed round will support the company’s growth in the Southeast Asia market and…
Singapore early-stage venture capital firm Antler aims to invest in 100 startups in Indonesia
Antler plans to invest in at least 100 companies in Indonesia over the next 4 years, with the first Indonesia investments to be made in early 2022. It has launched in Indonesia to enable more entrepreneurs to build startups and raise funding with the support of the global Antler and take advantage of the unique ecosystem and opportunties across Indonesia.
