Indonesia
Indonesia e-commerce firm Bukalapak to stop selling physical goods – report
Bukalapak, which went public in 2021, said in a statement that it later would only sell virtual products ranging from mobile phone credits to streaming vouchers.
Apple still barred from selling iPhone 16 in Indonesia despite investment deal, minister says – report
Minister Agus Gumiwang Kartasasmita said Apple had struck a deal to build a facility producing its Airtag tracking device on Indonesia's Batam island, close to Singapore, but that still would not count as a locally made iPhone part, the report added.
Indonesia’s HiFeed secures pre-seed funding from Wavemaker Impact
HiFeed, an Indonesian cattle farming solution start-up, has on Wednesday announced the successful closure of its pre-seed funding round, led by climate-tech venture builder Wavemaker Impact (WMi).
Indonesia’s Traveloka sees a growing awareness of the importance of sustainable travel
2025 is shaping up to be an important year for the travel industry. Advancements in technology, particularly AI, are redefining how travelers plan and experience their journeys, offering both opportunities and challenges for the sector.
East Ventures market outlook 2025: Thriving in the new transitions and realizing a “believable Southeast Asia”
Firmly, East Ventures stands beyond the baseline, with revenue from the growth-stage portfolio companies rising 40 percent year-on-year (YoY), surpassing that of SEA by nearly triple. This not only underlines the firm’s approach to investment resilience but also positions East Ventures ahead of regional benchmarks among other companies and venture capital…
Indonesia’s Bobobox launches five new properties
Indonesian capsule hotel and cabin operator Bobobox said Monday that it has launched five new properties in Indonesia.
Patrick Walujo commits to staying as Indonesia’s GoTo CEO until 2029
As CEO, Patrick will focus on driving GoTo towards long term profitable growth and GoTo’s Board of Commissioners has approved a performance-based retention package as part of his employment arrangement.
Indonesia’s Soul Parking raises Series A funding co-led by AppWorks and AC Ventures to fuel growth
Soul Parking, an Indonesia-based parking management service provider, has announced the completion of a Series A extension round of financing co-led by AppWorks and AC Ventures.
Creador acquires majority stake in Indonesian hospitality marketplace MG Group
Creador, a Malaysia-based pvate equity firm, has on Thursday announced the acquisition of a controlling stake in MG Group, an Indonesia-based business to business (B2B) hospitality marketplace, from Northstar and other shareholders.
Maybank positive on Indonesia’s new economy
Maybank Investment Bank has on Friday maintained a positive view of the new economy in Indonesia as it sees the sector is moving on the right path.
