50 rising startups in Indonesia

Indonesia Digest: P2P lender Amartha bags $28m; LinkAja buys iGrow

M&A in SE Asia: What’s next?

Sea Group, Alfamart said to be in talks to invest in Indonesia’s Bank Aladin Syariah

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.

SoftBank leads $28m funding in Indonesian social commerce firm Super

Super co-founding team Indonesian social commerce platform Super has raised $28 million in its Series B round, led by SoftBank Ventures Asia.

Peter Thiel’s Valar Ventures in talks to lead over $70m round in Indonesia’s BukuWarung

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…

[Updated] Indonesia’s Halodoc raises $80m in Series C round led by Astra International

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…

Smaller cities in Indonesia catching eye of startup investors

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.

Indonesia’s MDI Ventures backs Waresix, Paxel in hushed logistics bets

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.

Indonesia digest: OVO-Prudential Indonesia, Warung Pintar-Reckitt, LinkAja-SRC team up

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…

Tokopedia may sell its OVO stake to Grab to speed up merger with Gojek

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.

Traveloka ramps up food delivery business as it prepares for its IPO

The travel unicorn appears to be hiring in-house couriers as it joins an increasingly crowded space.

Singapore smart home startup Habitap expands into Indonesia

Indonesia marks Habitap’s second Asia market outside of its headquarters in Singapore, following its launch in the Philippines earlier this year.

Indonesia’s ecommerce logistics giants brace for a price war

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.

Ruangguru’s outsourced workers allegedly paid below minimum wage

Even as Ruangguru raised huge amounts of money, it may have overlooked the welfare of its contract workers.

How Tokopedia democratizes logistics for Indonesian businesses

By handling the logistics and fulfillment aspects of ecommerce, Tokopedia enables its sellers to focus on growth.

Eduardo Saverin’s B Capital Group launches $415m fund, enters China

The new fund Elevate will provide follow-on capital to high-performing later-stage companies in B Capital’s portfolio.

Ex-Sunseap Group exec’s startup to raise $100m for its battery-swap business

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.

Meet the 20 top-funded startups and tech companies in Indonesia

Here are the companies in Indonesia that are attracting tons of investors and have the resources to spend on software, talent, and expansion.

Indian edtech major Byju’s eyes global markets, to launch in Indonesia by May

The company will also launch its international learning platform in the US, UK, Australia, Brazil, and Mexico by May this year.

Indonesian agritech is pandemic-proof, but here are the warning signs

Not many venture capital firms are interested in agritech in Indonesia.

Should Grab and Gojek drivers be considered employees, not contractors?

Some argue that ride-hailing companies are exploiting driver-partners by not giving them sufficient rights.

Singapore accelerator selects 11 pre-series A startups for its fourth cohort

The selected startups are from Singapore, Indonesia, Pakistan, and Bangladesh, offering solutions for verticals including property and online dating.

Shopee Indonesia denies claims of underpaid in-house couriers going on strike

Shopee customers in Indonesia have taken to social media in the last few days to speak about experiencing delivery delays.

Sources: Gojek, Tokopedia to form combined company Goto once $18b merger is finalized

The new entity will include two executives each from Gojek and Tokopedia.

Digitalization or bust: The key decision facing Indonesia’s SMEs

Only 13% of the archipelago’s SMEs have digitalized their operations.