Indonesia

TipTip, an Indonesia-based technology company operating in the entertainment and experiences sector, has reached company-wide EBITDA profitability in early 2026, marking a key milestone in its development toward a more sustainable and capital-efficient business model.

Recompound, an Indonesia-based investment advisory startup, has introduced a performance-based fee model for retail investors, adopting a structure more commonly used in institutional investing.

Indonesian tech giant GoTo Group, known for Gojek and Tokopedia, reported a net profit of Rp171 billion for the first quarter of 2026, alongside a 63% year-on-year increase in gross transaction value (GTV) to Rp236 trillion, marking a turnaround($12.7 million) from a net loss of Rp367 billion a year earlier.

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.