Indonesia
INA and GDS collaborate to co-invest in data center platform in Indonesia
Indonesia’s sovereign wealth fund Indonesia Investment Authority (INA) and China-based data centers operator GDS have announced their partnership to develop and expand the data center landscape in Indonesia. The two entities recognized Indonesia’s potential as an emerging data center market and share a common vision regarding the pivotal role that data…
PrimaKu raises Pre-A financing from Northstar, AppWorks to support childhood development in Indonesia
Founded in July 2017, PrimaKu is a community-based parenting ecosystem helping address the challenges of parenting in Indonesia. Through its full-stack digital platform, PrimaKu connects parents, pediatricians, and health facilities to provide comprehensive child healthcare services.
Indonesia’s GoTo narrows losses in second quarter, closer to profitability
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has reported losses in the second quarter and it is on track for profitability. The firm's adjusted losses before interest, taxes, depreciation, and amortization narrowed to 1.2 trillion rupiah ($78.25 million) in the second quarter, driven by improved monetization and ongoing…
Indonesian parking solutions provider Soul Parking sees revenue soar 100 times in past three years
Soul Parking, an Indonesia-based tech-enabled firm ininnovative parking solutions, has on Tuesday announced a remarkable 100 times growth in its topline revenue over the past three years. It also said the firm will soon act as a key charging infrastructure player, as the nation heads into an electric vehicle transition.
Singapore’s Funding Societies streamlines business operations in Indonesia
Singapore-based digital finance platform Funding Societies said Thursday the firm is streamlining business operations in Indonesia amid global challenges. This exercise has impacted 38 out of 214 people in Indonesia.
Indonesian e-commerce platform Uway announces $500M financing
Indonesian e-commerce platform Uway has on Thursday announced a new round of financing of $500 million. The firm will utilize this new round of financing to enhance its supply chain technology.
AC Ventures’ Helen Wong on Indonesia’s path to the next decade: progress & prospects
In this episode of the “Going-abroad” live program hosted by TechNode Group Founder and CEO Dr. Lu Gang, AC Ventures Managing Partner Helen Wong shared her views on Indonesia, the attractiveness the country has to offer. She also shared her investment strategy and AC Ventures' future plans, among others.
D3 Labs joins forces with Indonesian Blockchain Association for Digital Rupiah
Indonesian blockchain-based solutions provider D3 Labs has joined forces with the Indonesian Blockchain Association to provide impetus in the first phase of Digital Rupiah development. The Garuda Project, an initiative of Bank Indonesia for developing the Digital Rupiah, has garnered significant attention since its announcement.
Indonesia’s GORO raises $1M funding in pre-seed round led by Iterative
GORO, an Indonesia-based fractional property marketplace platform, has raised $1 million in a pre-seed round led by early-stage venture capital firm Iterative. The funding round was also participated by several prominent investors including XA Network, StashAway’s Angel Investing Program and Indonesian property veteran, Mike Broomell of Colliers……
Superbank partners Amartha to offer working capital loan to women micro-entrepreneurs in Indonesia
Indonesian lender PT Super Bank Indonesia (Superbank) has partnered microfinance technology platform PT Amartha Mikro Fintek (Amartha) to offer working capital loans to women micro-entrepreneurs in Indonesia.
