Indonesia
ADIA to lead GoTo Group’s pre-IPO fundraising with $400M investment
GoTo Group has entered into an agreement with Abu Dhabi Investment Authority (ADIA) to lead GoTo's pre-IPO fundraising with a $400 million investment.
Indonesian boutique hotelier ARTOTEL Group raises Series B financing to fuel expansion
ARTOTEL Group will utilize the proceeds of this financing to drive expansion through an aggressive merger and acquisition strategy in Indonesia’s hospitality sector and invest in strengthening the group’s core business infrastructure, digitizing operations, and enhancing sustainability throughout the organization.
iSeller raises $8M pre-Series B financing led by Openspace and AppWorks to digitize commerce in Indonesia
With the new funds, the company plans to enable more merchants to start, run, and grow businesses more easily, manageably, and efficiently, the company said in a statement. This will be achieved by aggressively expanding its e-commerce solutions and offline presence to 50 cities across Indonesia, building off the company’s current footprint in the Greater…
Bezos-backed Ula to scale up ‘pay later’ options for underserved small retailers in Indonesia
Indonesia’s retail market is estimated to be around $300 billion, of which 70-80 percent is traditional retail--with this market growing 8 percent year on year, the potential is enormous.
Indonesia all-in-one restaurant operations platform ESB raises $7.6M in Series A+ round led by Alpha JWC Ventures
With this fresh funding, ESB will further expand its proposition including tech-enabled upselling features, enhanced business intelligence (BI) platform, delivery solutions, payment solutions, financing, and human resources information system (HRIS) to become the dominant end to end F&B business operating platform.
Shoplinks raises $900K seed fund led by Cocoon Capital
Shoplinks will use the funds to strengthen its foothold in Indonesia before expanding into other Southeast Asian markets. Additionally, the funds will be used to grow its team and invest more in product development.
Indonesia fleet management firm TransTRACK.ID raises $552K Seed round from Cocoon Capital, IWEF
TransTRACK.ID will use the funds to scale product development and expand its network of partners across Indonesia to dominate the market.
My experience navigating the startup ecosystem in Southeast Asia amid the pandemic
While we are still in the midst of a long-drawn pandemic, I believe startups are still presented with advantages in this season as COVID has kicked off the acceleration of the digital economy, mostly arising from the shift in consumer habits from offline to online.
Online brokerage Ajaib becomes Indonesia’s latest unicorn after raising $153M Series B round
The Jakarta-based startup has reached a valuation of $1 billion after raising $153 million in a financing round led by DST Global.
Grab to increase stakes in Indonesia-based e-wallet OVO to 90% – report
Grab has increased its holding in Ovo's parent company PT Bumi Cakrawala Perkasa from about 39 percent.
