Indonesia

Finch Asia and IndoGen Capital are forming a web3-focused investment fund, named Cydonia, onboarding seasoned profiles from the blockchain landscape as the partners, notably Teguh Kurniawan Harmanda and Chung Ying Lai, who are respectively the Co-Founder/Chief Operating Officer and Chief Strategy Officer of Indonesia's largest crypto exchange, Tokocrypto,…

Sayurbox announced Monday its oversubscribed Series C round of $120+ million led by Northstar and Alpha JWC Ventures, with participation from new investor International Finance Corporation (IFC). Existing investors Astra, Syngenta Group Ventures, and Global Brain as well as other prominent angel investors also participated in this fundraising round. The new…

Wagely has raised $8.3 million in an oversubscribed pre-series A funding as the company scales its platform to help workers access their earned salaries on demand in Indonesia and Bangladesh. The funding comes in just seven months after the company securing its seed funding. The oversubscribed round was led by East Ventures (Growth Fund) with participation…

Rukita is strengthening its position as a market leader in the prop-tech industry by officially acquiring Infokost.id. It had relaunched Infokost.id to the public in February 2022.

GoTo, a merger of ride-hailing giant Gojek and e-commerce firm Tokopedia, said it plans to sell up to 52 billion Series A shares and set a price range of 316 to 346 rupiah per share.

Rex Regum Qeon (also known as RRQ) on Tuesday launched its new project RRQ Guild, in collaboration with tech startup Alterra, to expand blockchain based play-to-earn communities globally through its fanbase and online-to-offline (O2O) presence. RRQ teamed up Alterra to leverage the latter’s technology expertise and O2O presence in over 90 cities in…

East Ventures has officially become a UN Principles for Responsible Investment (UN PRI) signatory as part of its commitment to creating responsible and sustainable investment and ownership decisions. It becomes Indonesia's first venture capital firm listed as a signatory; which further strengthens its belief that the implementation of the environmental,…

Two super apps Vietnam's MoMo and Indonesia's Gojek, announced Monday a strategic partnership, which will see MoMo become the first e-wallet to be integrated in the Gojek app in Vietnam. Gojek and MoMo will combine the technological strengths and wide-reaching ecosystems of the two platforms, aiming to accelerate the use of cashless payments and provide a…

Broom has raised $3 million in a pre-seed funding round led by AC Ventures. Quona Capital and several angel investors, including Founders of unicorn startups in Indonesia, such as Kopi Kenangan and Lummo, also joined the round. The funding will be used to accelerate the company’s growth by improving customer experience with tech-based solutions through new…

Flokq and Instahome, the full-stack online to offline long-term rental platforms in Indonesia and Malaysia, on Wednesday announced a partnership spanning marketing and distribution, leveraging off each other’s property inventory, technology capabilities, and know-how hinting towards a strong prop-tech alliance that is shaping up in the region.