Indonesia
Indonesia plans to relax foreign investment policies for local tech startups
Indonesia is looking to give local startups a boost by exempting foreign investors from minimum investment requirements. This is seen as an opportunity to continue fostering growth in Indonesia’s digital economy.
Indonesian AI investment advisor app Bibit secures $30M in Series A round
Robo-advisor mutual fund investment app Bibit raised $30 million in a Series A led by Sequoia Capital India. The funding round was also participated by previous investors EV Growth, AC Ventures, East Ventures, and the global early-stage venture fund 500 Startups.
Indonesia giants Gojek and Tokopedia reportedly in advanced talks for $18B merger
The tech rumor mill has been churning as two of Indonesia’s biggest tech start-ups have been surfacing in headlines. Gojek, Indonesia’s multiservice platform that highlights its ride-hailing and digital payment features, has allegedly been in talks with one of Indonesia’s e-commerce pioneers, PT Tokopedia.
SoftBank Ventures backs Indonesia logistics startup
Waresix gets $100 million to digitizing the trucking and warehousing industries.
Xiaomi invests in Southeast Asian insurance startup
PasarPolis has big-name investors in its $54 million round.
Just 8 months after launch, small biz accounting app Bukukas gets $9m funding
Indonesian app has plans for Southeast Asia expansion.
