Indonesia

Indonesia-based Baskit, a technology and financial services platform focused on digitizing offline distribution networks in Southeast Asia, has secured $4.4 million in a Series A funding round.

Green and Smart Mobility (GSM), the ride-hailing service under the ecosystem of Vietnam's conglomerate Vingroup, has launched its shared business platform, Green SM Platform, in Indonesia and the Philippines.

BDx Data Centers has secured a $320 million loan facility to support the expansion of its digital infrastructure footprint across Asia, the Signapore-headquartered data center operator with a focus on the Asia-Pacific market said in a release on Wednesday.

Singapore-based super app Grab's revenue in 2025 grew 20 percent year on year, reaching a record $3.37 billion as the firm continued to grow to expand its user base, improve frequency and engagement in the platform, and optimize incentive levels.

PT Danantara Investment Management (DIM), a sovereign wealth fund of Indonesia, has opened registration for companies seeking to become prospective investment partners in Indonesia’s Waste-to-Energy (WtE) infrastructure program.

Indonesian tech giant GoTo Group, known for Gojek and Tokopedia, reported adjusted EBITDA of Rp2 trillion ($118 million) for the full year 2025, exceeding its previously issued guidance of Rp1.8 trillion to Rp1.9 trillion, according to the company’s Wednesday release.

Singapore-based Equator Renewables Asia (ERA), founded by entrepreneur Frank Phuan, has raised S$50 million to develop large-scale solar, green hydrogen and sustainable industrial zone projects across Indonesia.

Artificial intelligence (AI) innovations developed by Indonesian women-led startups, such as hospital automation tools and inclusive communication platforms, are approaching Vietnam through a regional expansion initiative led by Indonesia-based Indosat Ooredoo Hutchison under its women-focused innovation program SheHacks.

Fynd aims to address these challenges through its unified AI-native commerce ecosystem. The platform integrates in-store systems, e-commerce, design, production, and supply chain management into a single architecture.

Indonesia said it has suspended TikTok's registration status as an electronic system provider after it failed to hand over all data relating to the use of its live stream feature, though the social media app was still accessible to users on Friday.