Indonesia
China’s JD.com to shut e-commerce sites in Indonesia, Thailand – report
JD.com is China’s largest online retailer and its biggest overall retailer, as well as the country’s biggest Internet company by revenue.
Indonesian manufacturing startup Imajin receives seed funding led by East Ventures
Imajin, a manufacturing startup based in Tangerang, Indonesia, announced Wednesday that it has secured seed funding led by East Ventures, along with the participation of 500 SEA, Init 6, as well as other investors and angel investors.
Indonesia’s iSeller raises $12M Series B led by Intudo Ventures
iSeller, Indonesia’s omnichannel-based Point of Sale (POS) platform for online and offline merchants, has on Thursday announced the completion of a $12 million Series B round of financing led by Intudo Ventures. The round also saw participation from KVision (Kasikornbank), as well as existing investors Mandiri Capital Indonesia and Openspace Ventures.
Indonesia close to finalize EV deals with BYD Group & Tesla – report
Indonesia has the world’s largest nickel reserve which is essential for the battery industry.
Indonesia’s Komunal raises $8.5M funding led by East Ventures
Komunal, an Indonesia-based fintech company, has on Tuesday announced that it has successfully secured $8.5 million of funding led by East Ventures (Growth fund). This funding round is also participated by AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora, and Gobi Partners.
Indonesia’s Mindtera closes $850,000 seed extension round funding led by East Ventures
Mindtera, an Employee Assistance Program (EAP) platform in Indonesia, has announced the close of its combined seed and seed extension round at $850,000 funding led by East Ventures. The round also saw commitments from Seedstars International Ventures among other prominent angel investors.
Malaysia’s Carsome bolsters Indonesian operations via Electrum partnership and Nusantara expansion
Malaysia-based integrated car e-commerce platform Carsome is bolstering its Indonesian operations via partnership with Indonesian electric vehicle (EV) firm Electrum and has committed to investing in expanding its business in the nation’s planned Nusantara capital.
PasarPolis becomes Indonesia’s first full-stack insurtech ecosystem with new strategic partnership
PasarPolis, an Indonesia-based insurtech firm, has become Indonesia's first official full-stack insurtech ecosystem, giving the company the ability to both distribute and underwrite its own digital insurance products.
Indonesia’s Xendit enters Malaysia, invests in local fintech player Payex
Indonesia-based fintech company Xendit has officially entered the Malaysian market offering up its diverse range of hyperlocal payment solutions to businesses in the country from small and medium sized enterprises (SMEs) and start-ups to giant corporations alike.
Wesley Tay joins as a Principal at East Ventures
Indonesia-based venture capital firm East Ventures announced Tuesday that Wesley Tay joins East Ventures as its new Principal. Wesley will oversee the investments focusing on the seed stage, and will be based in Singapore.
