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Chamber of Commerce with support from Business Roundtable — has announced commitments in support of COVID-19 pandemic relief and response efforts in Indonesia and Southeast Asia. Indonesia now accounts for approximately one in five fatalities globally as it struggles with shortages of oxygen and hospital capacity.
Legit Group, a cloud kitchen brand operator based in Jakarta, has its eyes on the rest of Indonesia after raising a $13.7 The round was led by MDI Ventures, the venture capital arm of PT Telcom Indonesia Tbk, the largest telecom conglomerate in Indonesia. Other cloud kitchen startups in Indonesia include Yummy and Hangry.
Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. Fadhlillah and Octavianty came from families in the fishing industry, and the three wanted to create something that would solve some of the challenges they faced. Indonesian agritech platform TaniHub Group harvests a $65.5M
Rey was founded this year by Evan Tanotogono, former head of digital channel at Sequis, one of Indonesia largest insurers, and Bobby Siagian, who held lead engineering roles at companies including Tokopedia and Sea Group. They are joined by insurance industry veteran David Nugrho as their chief business officer. .
Even the largest landfills in Indonesia are at (or nearing) capacity , and the government has set an ambitious target of 30% waste reduction by 2025. For recycling business partners, including informal waste collectors, Waste4Change is building a platform to help them sell and buy solid waste with the company.
While Indonesia isn’t the most crypto active in the region — total crypto value received was less than half of Thailand’s from July 2021 to June 2022, according to Chainalysis — the country is thought to hold huge potential for web3 adoption, thanks to a young and sizable (270 million) population as well as a vibrant Web 2.0
Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. Fuse uses mobile applications to offer an agent-focused service, B2A (Business to Agent/ Broker).
Indonesia’s logistics industry is very fragmented , with several large providers operating alongside thousands of smaller companies. ” She added that Logisly is “laser focused on having the largest trucking network in Indonesia, providing 100% availability of cost-efficient and reliable trucks.”
In Indonesia, many logistics providers still use old-fashioned systems to track their operations and fleets, including pen-and-paper ledgers. The startup, which develops software-as-a-service solutions for the logistics and supply chain industry, has raised $6.5 Indonesia has more than 22.5 McEasy wants to change that.
Its products currently include motor and travel insurance policies that can be purchased online, and Sunday Health for Business, a healthcare coverage program for employers. The new funding will be used to expand in Indonesia and develop new distribution channels, including insurance agents and SMEs.
Soeherman’s uncle ran an agricultural supplies business, which gave him a look into the difficulties faced by farmers while he was growing up. In Indonesia, there are 33 million farmers and the majority are aged over 45 years. If nothing changes, within 10 years Indonesia will experience a farmer regeneration crisis.”.
SiCepat , an end-to-end logistics startup in Indonesia, announced today it has raised a $170 million Series B funding round. The logistics industry in Indonesia is highly fragmented , which means higher costs for businesses. Waresix acquires Trukita to connect more of Indonesia’s fragmented logistics chain.
The rapid growth of e-commerce in Indonesia, especially during the pandemic, is placing increasing demands on its supply chain infrastructure. But the country’s logistics industry is highly fragmented, with companies usually relying on multiple providers for one shipment, and many warehouses are still concentrated around major cities.
Focused on Southeast Asia, Ayoconnect ’s APIs make it faster for businesses to launch new financial services, instead of needing to build their own tech infrastructure. It is also licensed by Indonesia’s central bank, enabling it to offer more services.
Founded in 2018 by Daniel Hazman and Jonathan Keith, Nimbly is currently used by more than one hundred organizations in seven countries, including Indonesia, Singapore, Malaysia and the United States. Most of Nimbly’s users are in the retail or food and beverage industries, and include KFC, Kopi Kenangan, 7-Eleven and Under Armour.
GajiGesa , a fintech startup that provides earned wage access (EWA) and other services for workers in Indonesia, has added strategic investors to help it launch new services and expand its user base. GajiGesa is part of a new wave of startups focused on digitizing the 60 million small businesses in Indonesia.
Before COVID-19, many of Xendit’s customers were in the travel industry, and it was hit hard by the pandemic. The other one is expanding out to fintech companies—for example, there’s been a big uptick in Indonesia, especially accounting platforms. But since then, it’s expanded its scope. One big segment are SMEs.
Approximately 200 D2C brands have already started using Plugo’s beta service in Indonesia. The Singapore-based startup with offices in Indonesia and South Korea intends to launch its service officially in Indonesia in the first quarter of next year. Bang founded Plugo two months ago with five founding members.
It will be used to increase the number of Hangry’s outlets in Indonesia, including launching its first dine-in restaurants, over the next two years before it enters other countries. Founded in 2019 by Abraham Viktor, Robin Tan and Andreas Resha, Hangry is part of Indonesia’s burgeoning cloud kitchen industry.
Surjaudaja told TechCrunch that IDEAL was started “with the thinking that consumer lending in Indonesia is broken.”. With that in mind, Indonesia has one of the lowest credit to GDP ratios in the region, signifying that there is a lot of economic value potential that can be unlocked. “We
Founded in 2013 for on-demand deliveries within the same city, Lalamove has since grown its business to include freight services, enterprise logistics, moving and vehicle rental. The company entered the United States for the first time in October, and currently claims about 480,000 monthly active drivers and 7.2
The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. Indonesia emerged as the best choice. Indonesia and Malaysia, in the heart of Southeast Asia, are among the countries with the largest Muslim populations in the world. out of its 33.6
Based in Singapore, it is currently active there and in Indonesia, and plans to roll out in other Southeast Asian markets after localizing for employment regulations. On the other hand, companies in Indonesia collect multiple forms of ID information, including KTD (resident’s card), KK (family card) and NPWP (tax ID). What downturn?
In addition, Toni works on several digital-economy-related initiatives that support the scaling of digital businesses, stimulate startup ecosystems and accelerate the digital transformation of key industries in Africa, Asia, the Caribbean and the Middle East. Jamil Wyne. Contributor.
Founded in January 2019, GudangAda is now used by half a million SMEs and covers 500 cities in Indonesia. Founder and chief executive officer Stevensang spent more than 25 years in Indonesia’s fast-moving consumer goods and retail industries before starting GudangAda. Its last funding was a $25.4
Founded in February 2020, CrediBook is part of a wave of startups focused on digitizing small- to medium-sized businesses in Indonesia. CrediBook is carving out a niche for itself by serving small-to-medium sized B2B businesses in the retail sector, including wholesalers.
and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. and Europe and helps protect the reputation of the fintech industry. This will include the launch of “credit cards as a service” in the U.S. It will also double down on existing markets such as the U.K./Europe.
In particular, fintech startups—BNPL, credit and lending, and inventory-holding businesses—are vulnerable, like i n other parts of the world. I think what we have seen is that there has been a lot of capital being pumped into the tech industry over the past two to three years in a major bull run. among those affected.
The startup described this as one of the largest “all-equity financings to date in Southeast Asia’s online automotive industry.” The company says that this is partly because more people and businesses are buying their own cars for safety reasons.
They also saw that even though new C2C retail models, like social commerce, are gaining popularity, the beauty industry’s supply chain hasn’t kept up. Sellers usually need to order minimum quantities, which makes it harder for people to start their own businesses, Raena co-founder Sreejita Deb told TechCrunch.
Miferia , a Mexico-based business-to-business wholesale marketplace, bagged $7 million in seed funding to continue developing its curated website connecting independent retailers in Mexico with domestic brands in categories like cosmetics, food and beverage and home décor. Meanwhile, Miferia is still in its early stages.
Currently, NewCampus builds content in-house, and then asks industry experts to come in and add in their flair of expertise. As with any B2B business model, selling to an institution versus an individual appears to be more lucrative over time when the startup starts serving hundreds and thousands of managers.
It also gives suppliers business software, like bookkeeping and inventory management tools, to help them make forecasts about what farmers will need. . AgriAku is the latest among several agritech startups in Indonesia that have recently announced funding rounds. Then the retailers sell those items to farmers. Series B round.
Praktis co-founder and chief executive officer Adrian Gilrandy told TechCrunch that even though 60% of Indonesia’s GDP comes from SMEs, many experience difficulties while scaling up their business operations. This leaves D2C brands free to focus on other parts of their business, including brand building and marketing.
Capitalizing on their experiences, the pair created Farther to provide tools that are two-fold: one set for advisors to expand their businesses and one for clients to invest in ways that align with their goals using automation, artificial intelligence or one of the advisors. Advisors set the costs for using the platform.
Melolo officially launched in mid-November 2024 in markets such as Indonesia and the Philippines. According to TikTok’s global marketing platform, TikTok for Business , the popularity of micro drama has surged since 2023. Currently, the content and services on Melolo are all free of charge.
According to the World Bank, Indonesia produces 4.8 The first one is selling post-consumer materials to the recycling industry and the second is data collection reporting for FMCG brands. I wondered what kind of world she’s going to live in,” he told TechCrunch. One of its goals is to reach 100,000 pelestari by 2024.
Most of its users are in Vietnam, but Edupia is also expanding into other Southeast Asian markets like Indonesia, Thailand and Myanmar, and adding more subjects, including math and coding. As Edupia’s self-learning business gained traction, the team saw demand for more ways to engage with students and started live classes in March 2021.
million users in Indonesia, also serves as a publishing platform for other gaming firms. Because fantasy sports is only one part of the business, the coronavirus outbreak that shut most real-world matches has not impeded the startup’s growth in recent quarters. The app, which has amassed more than 60 million users in India and 3.5
Recent IDC research, sponsored by Tableau, found that 83% of CEOs want a data-driven organization, but only 33% of executives are comfortable questioning business KPIs and metrics1, revealing disparities between what executives “want” and “have.”(1) July 23, 2021 - 9:59pm. July 26, 2021.
The startup, which launched its app in Vietnam last year, announced today it has raised $1 million, led by the Estonian Business Angels Network (EstBAN). In Indonesia, Jeff has identified about 40 potential partners, “but so far we have only been scratching the surface,” said Niparts.
This trend has been circling around the restaurant industry. On the back of its successful launch in Vietnam earlier this year, the startup plans to penetrate farther into Southeast Asian countries such as Thailand, Malaysia and Indonesia in 2023, co-founder and CEO Kimberly Yao said in an interview. .
Carousell , a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, in an effort to reduce costs amid a challenging market condition for the tech industry. . ” .
ZEBOX , an international accelerator network founded by shipping conglomerate CMA CGM to introduce more tech innovation into the supply chain industry, announced today the launch of its APAC headquarters. Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea.
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