Indonesia

Indonesia-based aquaculture company eFishery has announced the completion of its commercial pilot in India, marking a significant milestone in its global expansion journey. The firm has kicked off the pilot project in March of this year, has successfully acquired over 1,000 acres of ponds under contract, and has now distributed more than 3,000 metric tons…

Indonesia has witnessed total funding of $1.4 billion year to date, a drop of 54 percent as compared to the same period in 2022, Tracxn said Wednesday. The number of funding rounds in the country year to date also experienced a drop of 49 percent as compared to the same period in 2022.

Jakarta-headquartered healthtech company Klinik Pintar has announced an oversubscribed $5 million Series A1 funding round led by Altara Ventures. The round also saw participation from leading healthcare information technology (IT) corporate, Infocom, and existing investors Golden Gate Ventures, Skystar Capital and Venturra.

Chinese entertainment platform Tik Tok will invest $1.5 billion in Indonesia's largest digital ecosystem PT GoTo Gojek Tokopedia Tbk (GoTo Group). As part of the agreement, Tokopedia and TikTok Shop Indonesia’s businesses will be combined under the existing PT Tokopedia entity in which TikTok will take a controlling stake.

Indonesian commercial bank PT Bank Tabungan Negara (Persero) Tbk (Bank BTN) and PT Mandiri Capital Indonesia (MCI), the corporate venture capital arm of Bank Mandiri, have signed a term sheet to establish the BTN Fund, targeting investments in digital technology with a focus on housing.

Considering Indonesia's geographical conditions and limited internet access, traditional offline sales channels still dominate the #retail landscape. Connected commerce offers #SMEs a new alternative to expand exposure, boost awareness, gain market access, and distribute goods. #ConnectedCommerce allows a brand to accommodate diverse consumers within…

Indonesia has drafted ethics guidance for developers using artificial intelligence (AI) to prevent potential misuse of the new technology.

Tik Tok is said to have agreed broadly to work with GoTo’s Tokopedia across several areas rather than compete directly with the Indonesian platform.

Gravel, the Indonesia-based construction technology company, has raised $14 million to date from investors. The investors include New Enterprise Associates (NEA); Weili Dai, Co-Founder Marvell Technology Group; Lip-Bu Tan, Executive Chairman of Cadence Design System and Chairman of Walden International; SMDV; East Ventures; along with other strategic…

ByteDance Ltd’s TikTok is said to be in the process of obtaining an e-commerce permit in Indonesia, local media Antara reported.