TechCrunch

OCTOBER 13, 2022

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.

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TechCrunch

SEPTEMBER 12, 2021

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. .

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TechCrunch

SEPTEMBER 23, 2022

More than half of the population in Southeast Asia is under 30 , making it a coveted market for novel technologies. Indonesia is “catching up” on web3 because its huge talent pool still rests in the Web 2.0 “With so much money coming into crypto, why isn’t much [web3] creativity coming out of Indonesia?”

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TechCrunch

DECEMBER 13, 2021

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).

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TechCrunch

MAY 19, 2022

Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam. Xendit now has over 3,000 customers, including Samsung Indonesia, GrabPay, Ninja Van Philippines, Qoala, Unicef Indonesia, Cashalo and Shopback. Many small businesses, however, do not have the time or resources to do that.

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TechCrunch

DECEMBER 22, 2020

But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools. Currently in beta mode with more than 20 clients, Finantier is busy getting ready to officially launch.

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TechCrunch

MARCH 4, 2021

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.

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TechCrunch

MARCH 14, 2023

One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns.

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TechCrunch

SEPTEMBER 2, 2021

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.

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TechCrunch

AUGUST 22, 2022

Socar , South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Socar’s debut comes amid a sluggish period in the IPO market in South Korea that has prompted a series of Korean companies to delay their listing plans.

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TechCrunch

NOVEMBER 18, 2020

Food Market Hub co-founders Anthony See and Shayna Teh. Malaysia-based Food Market Hub is a cloud-based platform that connects food and beverage (F&B) outlets directly to suppliers, making it easier to communicate and manage orders. This brings Food Market Hub’s total funding to $4.7 million so far.

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TechCrunch

MARCH 17, 2021

The adoption of financial apps is surging in Southeast Asian markets like Indonesia , the region’s most populous country. It is currently partnered with Indonesia’s seven largest banks, covering more than 90% of the country’s bank accounts, and plans to expand into all Southeast Asia countries. Visa is acquiring Plaid for $5.3

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TechCrunch

JULY 25, 2022

Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. We’re really looking to diversify holdings, leveraging learnings from one market to another,” said Sosrodjojo.

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TechCrunch

SEPTEMBER 14, 2021

The other one is expanding out to fintech companies—for example, there’s been a big uptick in Indonesia, especially accounting platforms. Suddenly the malls are closed, so we’ve been able to sign some of the bigger retail outlet groups in the market as well.”.

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TechCrunch

SEPTEMBER 21, 2021

The funding will be used on hiring, enhancing Evermos’ recommendation engine and other AI-based tech, and entering new regions in Indonesia. Its goal is to reach more than one million resellers throughout Indonesia over the next five years. For example, it has to be halal, if it’s fashion it has be modest fashion.”.

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TechCrunch

APRIL 27, 2023

The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. But founder Matthew Joseph Martin soon realized that the startup, backed by investors like Boost VC and Tim Draper, was serving a relatively niche market in the States. Meanwhile in Malaysia, where 61.3%

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The Next Web

AUGUST 30, 2013

My first post in this series described how businesses should start when considering expansion into Asia, which is home to some of the largest and fastest growing markets in the world. For example, should they hire in-market consultants, an expatriate based in a hub city, or partner with a local player?

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TechCrunch

JUNE 9, 2021

BukuWarung , a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced today it has raised a $60 million Series A. The oversubscribed round was led by Valar Ventures, marking the firm’s first investment in Indonesia, and Goodwater Capital.

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TechCrunch

MAY 29, 2022

Indonesia’s sprawling archipelago has long been a headache for logistics companies, but there’s no lack of brave challengers. As in many countries around the world, on-demand delivery got a boost during the COVID-19 pandemic in Indonesia. The e-grocery delivery market in Indonesia is projected to reach $6 billion by 2025.

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TechCrunch

DECEMBER 14, 2022

The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. Approximately 200 D2C brands have already started using Plugo’s beta service in Indonesia.

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TechCrunch

JULY 12, 2021

If you follow startup news from Indonesia, you know that the country’s estimated 60 million small businesses are a hot target for tech companies. It says more than 100,000 small businesses are already using Bukugaji. Bukugaji is designed to be fully self-service, so businesses can download and start using the app on their own.

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TechCrunch

DECEMBER 13, 2022

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.”.

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TechCrunch

MARCH 30, 2021

To get more data for its latest Southeast Asia Tech Talent Compensation report, which covers startup hiring in Singapore, Indonesia and Vietnam, Monk’s Hill Ventures teamed up with Glints , one of its portfolio companies. Commercially in Southeast Asia, you can’t stay in a single market unless it’s maybe Indonesia,” said Yeo. “If

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TechCrunch

JANUARY 12, 2021

The backbone of Indonesia’s economy are small- to medium-sized businesses, which account for 60% of its gross domestic product. Many still rely on manual bookkeeping, but the impact of COVID-19 has driven small businesses to digitize more of their operations. Eventually, it wants to launch a SME-focused digital bank.

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TechCrunch

MARCH 22, 2023

Kredivo Holdings , which offers credit services to underbanked consumers in Indonesia and Vietnam, has raised $270 million in what it says was an oversubscribed Series D. He added that Kredivo now drives 3% to 4% of total GMV for its top e-commerce merchants in Indonesia, compared to 15% to 20% from credit cards.

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TechCrunch

DECEMBER 7, 2021

Flip , an Indonesia-based fintech startup, announced today it has raised $48 million in a Series B to accelerate its growth. Flip is Insight Partners’ first investment in Indonesia. . Arriyan, Luqman Sungkar and Ginanjar Ibnu Solikhin co-founded the company in 2015 while studying at University of Indonesia.

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TechCrunch

OCTOBER 13, 2022

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.

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TechCrunch

SEPTEMBER 30, 2021

Oyo is ready to explore the public markets. The eight-year-old Indian budget hotel giant has filed the paperwork (PDF) with the local market regulator for an initial public offering, in which it is seeking to raise about $1.16 to name a few markets. Oyo has also streamlined its relationship with hotels in recent quarters.

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TechCrunch

MARCH 29, 2022

The round will be used to expand in Indonesia and the Philippines, acquire more esports teams and scale Ampverse’s play-to-earn unit. . Its play-to-earn business allows players to earn rewards by playing games like Axie Infinity, Townstar and Spider Tanks, and also get training from professional esports players.

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TechCrunch

MAY 21, 2021

Founded in 2016, TaniHub now has more than 45,000 farmers and 350,000 buyers (including businesses and consumers) in its network. Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow. It does this through three units: TaniHub, TaniSupply and TaniFund.

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The Verge

FEBRUARY 11, 2021

Overall, Disney’s direct-to-consumer streaming business is up 73 percent year over year, with revenue of $3.5 per subscriber, in part because it’s now factoring in Disney Plus Hotstar (available in India and Indonesia), which charges considerably less than the service in other markets. per month or $79.99 a month or $69.99

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TechCrunch

APRIL 7, 2022

Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. The platform brings both emerging and traditional brands to the world of local retail in Asia.

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TechCrunch

AUGUST 9, 2021

It’s good momentum for us to launch new products and grab the market.”. They became curious and the bread and butter of our business is essentially education,” said Adjiputro. “We million crypto investors in Indonesia, or about triple the 2.2 Coinbase opens at $381 per share, valuing the crypto exchange at nearly $100B.

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TechCrunch

JULY 27, 2022

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

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TechCrunch

JUNE 8, 2021

This is the start of a vicious and costly debt cycle that has a long-lasting negative impact on individual financial well-being, which in turn impacts businesses with higher turnover, lower productivity and more employee loans,” Fischer said. In Indonesia, wagely’s competitors include GajiGesa and Gajiku.

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TechCrunch

FEBRUARY 9, 2022

Brick currently operates primarily in Indonesia, but is planning to expand into Singapore and the Philippines before eventually covering all markets in Southeast Asia. Its third-largest vertical are bookkeeping and accounting apps used by businesses. Inside Plaid’s plans to build a new, global finance network.

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TechCrunch

JULY 25, 2022

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. Localizing for each market can be quite complicated. Indonesia is one of the biggest, and rapidly growing, market opportunities in Southeast Asia.”.

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