Indonesia
Indonesia’s HappyFresh raises $65M in Series D funding led by Naver Financial Corp & Gafina B.V.
The team plans to improve service offerings such as more payment methods, better user experience and assortment, bringing its service to more families in each country across the region.
Indonesia’s dental startup KLAR focuses on home market before expanding overseas
Affordable clear aligners are in demand, as brands from overseas entering Indonesia are seen as unaffordable.
PE firm Gaw Capital Partners sets up data center JV, with first investment in Batam, Indonesia
In addition to the maiden project in Batam, Data Center First will also work with Gaw Capital Partners to originate, evaluate and develop data center projects in Southeast Asia and beyond.
Indonesia’s Desty raises $3.2M pre-Series A funding led by Xiaomi investor 5Y Capital
Desty will utilize the new funding primarily for team expansion and user acquisition. This move also marks 5Y Capital's first investment in Indonesia.
Jakarta-based EdTech platform GREDU secures $4M Series A for local expansion and product development
Since its launch in September 2016, GREDU has grown its platform, which is currently being used by over 400 schools, bringing its total user base to roughly 400,000. The startup provides its users (students, parents, teachers, and administrators) with a single platform to communicate with each other and keep track of any important details.
AirAsia to acquire Gojek’s Thai operations for $50M via share swap deal
The purchase considerations for the proposed acquisitions will be wholly satisfied by the issue of new shares in the AirAsia SuperApp. Gojek will own 4.76 percent in AirAsia SuperApp after the proposed acquisition.
Malaysia’s Carsome announces strategic investment in Indonesia’s car auction firm PT Universal Collection
The development came after the startup is said to be weighing going public with special purpose acquisition company (SPAC) as option.
Indonesia’s aesthetic dentistry tech firm KLAR raises Seed funding round led by AC Ventures
KLAR plans to use the funding for four business goals including R&D development to achieve economies of scale and treatment optimization, expand the company's talent base, enhance branding, and venture into complementary product offerings
ADB Ventures invest in FinTech firm Fairbanc for Indonesia expansion
Fairbanc's proprietary data science and machine learning platform leverages supply-chain data of FMCG distributor partners which allows financial institutions to assess credit risk and extend working capital to MSMEs with limited credit history and collaterals, according to the disclosure.
Jakarta-based HealthTech startup Prixa secures $3M Seed Fund led by Telkom’s MDI Ventures
Since its founding in 2019 by James Roring M.D., Prixa has raised a total of $4.5 million. The startup plans to use the total raised capital to invest in scaling its user base, reinforcing its relationship with business to business clients, and working on more healthcare services.
