Indonesia-listed PT Bank Aladin Syariah Tbk (formerly Bank Net Indonesia Syariah Tbk) is in talks with a host of companies to secure a strategic investment, sources privy to the development told DealStreetAsia.
Super co-founding team Indonesian social commerce platform Super has raised $28 million in its Series B round, led by SoftBank Ventures Asia.
A warung in Jakarta, Indonesia. Photo by Robbi Firmansah on Unsplash Indonesian startup BukuWarung, an accounting app for micro-enterprises, is raising a new funding round of over $70 million led by Valar Ventures, a VC fund backed by PayPal co-founder Peter Thiel, multiple sources told DealStreetAsia.
Photo: Halodoc website Editor’s Note: This article has been amended to include details from Astra International’s press release, which was issued hours after we published the report on Halodoc’s fundraising. Indonesian health-tech platform Halodoc has closed an $80-million Series C round led by local conglomerate PT Astra International Tbk. Astra has invested $35 million in […]
Jakarta, Indonesia. Photo: Bayu Syaits/unsplash Indonesian startups targeting the country’s smaller cities are, slowly but surely, beginning to attract investor interest — even from a world-famous hip-hop artist.
Photo by Markus Spiske from Pexels Indonesia’s MDI Ventures, the venture capital arm of state-owned telco firm Telkom Indonesia, has made hushed bets in logistics startups Waresix and Paxel, DealStreetAsia has learnt.
OVO collaboration with Prudential Indonesia, in launching digital sharia insurance product OVO has partnered with Prudential Indonesia to launch a digital sharia life insurance product; Reckitt has partnered Warung Pintar for access to 500,000 warungs; LinkAja is collaborating with SRC to offer digital payments in stalls. OVO partners Prudential Indonesia for sharia life insurance Grab-backed […]
Indonesian homegrown e-commerce platform Tokopedia is looking to divest its stake in the digital wallet OVO to Grab to safeguard its planned merger with the ride-hailing decacorn Gojek, sources privy to the matter told DealStreetAsia.
The travel unicorn appears to be hiring in-house couriers as it joins an increasingly crowded space.
Indonesia marks Habitap’s second Asia market outside of its headquarters in Singapore, following its launch in the Philippines earlier this year.
As these companies raise funds in the hundreds of millions of dollars and secure valuations worth a billion or more, a price war may be imminent.
Even as Ruangguru raised huge amounts of money, it may have overlooked the welfare of its contract workers.
By handling the logistics and fulfillment aspects of ecommerce, Tokopedia enables its sellers to focus on growth.
The new fund Elevate will provide follow-on capital to high-performing later-stage companies in B Capital’s portfolio.
The funds will be used to roll out Oyika’s battery-swap service for e-motorbikes in Indonesia, and for the company’s expansion in Vietnam later this year.
Here are the companies in Indonesia that are attracting tons of investors and have the resources to spend on software, talent, and expansion.
The company will also launch its international learning platform in the US, UK, Australia, Brazil, and Mexico by May this year.
Not many venture capital firms are interested in agritech in Indonesia.
Some argue that ride-hailing companies are exploiting driver-partners by not giving them sufficient rights.
The selected startups are from Singapore, Indonesia, Pakistan, and Bangladesh, offering solutions for verticals including property and online dating.
Shopee customers in Indonesia have taken to social media in the last few days to speak about experiencing delivery delays.
The new entity will include two executives each from Gojek and Tokopedia.