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The Global Task Force on Pandemic Response — a public-private partnership of major U.S. 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. The situation on the ground in Indonesia is dire.
One example is Fairbanc , which is based in Singapore but focused on Indonesia. Fairbanc also received previous investment from East Ventures, 500 Global and Michael Smapoerna. Fairbanc will use its new funding on expanding in Indonesia, and exploring new markets like Vietnam and the Philippines in partnership with Unilever.
Intudo Ventures , the “Indonesia-only” investment firm, announced today it has closed its third fund, totaling $115 million. Other LPs include more than 30 Indonesian families and their conglomerates; over 20 leading global funds and managing partners; and more than 10 founders of tech unicorns.
RaRa Delivery ’s ambitious goal is to offer same-day deliveries in Indonesia without burning cash like many on-demand logistics providers. RaRa Delivery’s goal is to integrate with all major marketplaces in Indonesia, so sellers can offer it as a delivery option to customers. 5 ways AI can help mitigate the global shipping crisis.
The round was led by Tiger Global Management, with participation from returning investors Accel, Amasia and Goat Capital, the venture firm co-founded by former Y Combinator partner Justin Kan (in 2015, Xendit became the first Indonesian startup to participate in the accelerator program). “One One big segment are SMEs.
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. The company said it has the largest GWP in Indonesia and Southeast Asia. .
Atma , an Indonesian startup that wants to make job hunting less painful, announced today it has raised $5 million in pre-seed funding led by AC Ventures, with participation from Global Founders Capital. Atma says up to over 100 million people in Indonesia fit into this category.
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
Hangry , an Indonesian cloud kitchen startup that wants to become a global food and beverage company, has raised a $13 million Series A. 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.
Were working in places like Indonesia now, and Taiwan, where we have projects that get such consistent rainfall that were seeing our rainwater systems being utilized 80% of the year, Wright says. There’s global interest. In some cases, schools now get most of their water from rain. he says.
million USD) Series B led by Tiger Global, with participation from Jason Lenga. Shippit is considering expansion into the Philippines and Indonesia, too, and expects its Southeast Asian business to grow 100% year-over-year for the next three years at minimum. ” co-founder and co-chief executive officer William On told TechCrunch.
This was the year that global investors not only started to pay close attention to the region’s tech ecosystems, but also began putting real money into them. As a global financial center, one could argue that Singapore’s startup ecosystem is in a category of its own when compared to its neighbors. million people.
We proudly welcome NGO partners Vietnet-ICT and the Lin Centre in Vietnam, as well as ASEAN Foundation , Kopernik Marketplace , and YCAB Foundation in Indonesia to the TechSoup Global family. Our New NGO Partners in Indonesia. YCAB Foundation is an NGO based both in New York and Jakarta, Indonesia.
Indonesia’s sprawling archipelago has long been a headache for logistics companies, but there’s no lack of brave challengers. The Series B round was led by Accel, Citius and Tiger Global, with participation from existing investors AC Ventures, Global Founders Capital, Lightspeed and Sequoia Capital India.
trillion, per the company ) in its public-market debut on the Indonesia Stock Exchange (IDX) earlier this month. Given the generally glacial global IPO climate and the fact that GoTo managed to float without sinking, The Exchange got curious. billion (IDR15.8 GoTo most recently raised a $1.3
The new round brings its total raised to $538 million and was led by Coatue and Insight Partners, with participation from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo and Goat Capital. In Indonesia, if you subscribe to HBO, the experience is extremely high-friction. billion to $15 billion. billion to $15 billion.
Discovered more than a century ago in South Sudan, excelsa coffee is exciting cash-strapped locals and drawing interest from the international community amid a global coffee crisis caused mainly by climate change. It receives financial support for global health and development coverage in Africa from the Gates Foundation.
I was honored to be invited to cover this year’s Global Philanthropy Forum , a community of donors and social investors committed to international causes. ” with Jacob Harold , Guidestar; Robert Kirkpatrick , UN Global Pulse; Mayur Patel , Knight Foundation. Global Pulse @rgkirkpatrick.
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. Once it completes the program, it will be able to partner with more fintech companies in Indonesia, including bigger institutions.
The new round was led by East Ventures (Growth Fund), with participation from returning investors like Integra Partners, the Asian Development Fund, Global Founders Capital, Trihill Capital, Blauwpark Partners and 1982 Ventures. It brings wagely’s total raised to $14 million since it was launched in 2020.
It appears to be a nearly global problem, with confirmed cases in Korea, the United States, Singapore, Australia, Belgium, France, Indonesia, Read Entire Article
Its Series D will be used to support growth in those markets, and enter new Southeast Asian countries, including Thailand, Vietnam, Indonesia and the Philippines. During the pandemic, the company launched a new service called Global Teams for remote work. 6 VCs share their bets on the future of work.
Dable (the name is a combination of “data” and “able”) currently serves more than 2,500 media outlets in South Korea, Japan, Taiwan, Indonesia, Vietnam and Malaysia. It has subsidiaries in Taiwan, which accounts for 70% of its overseas sales, and Indonesia. The Series C brings Dable’s total funding so far to $20.5
This brings its total raised to $43 million, including the oversubscribed first tranche of its Series B, which was led by Tiger Global and closed in January 2022. It works with regulators and incumbent banks, and was recently awarded a Bank of Indonesia (BI) Payment Service Provider Category 1 license.
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.
While the rate of retail investment in Indonesia is still low, its growing quickly because of a confluence of factors , including people’s desire to diversify and increase their assets during the pandemic. million crypto investors in Indonesia, or about triple the 2.2 million public equity investors in the country.
The equity investment came from returning investors Tiger Global, DST Investment, B Capital, Insignia Ventures Partners and ACE & Company, with participation from Ilham Ltd, EDBI, InterVest, Y Combinator managing director Michael Seibel and GGV Capital managing partner Hans Tung.
BYD is aggressively expanding its global production footprint as the Chinese EV giant announced on Aug. 17 that it will open a car manufacturing plant in Pakistan. The new plant will be located in Karachi, the countrys largest city, and begin operations in 2026. TechNode reporting, Reuters ]
Cryptocurrency transactions in Indonesia hit $60 billion last year , according to the country’s commodities futures trading agency. Internet penetration expanded rapidly, then it would lead to a more resourceful community where people would seek simplicity such as a global currency,” Fund told TechCrunch.
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. Gojek’s GoPay is also partnered with the Indonesia mosque council to allow users to make zakat, or obligatory alms giving, online. out of its 33.6
This marks the first time both have made an investment in Indonesia. One of the Jakarta-based company’s goals is to improve educational standards in Indonesia. Other investors in CoLearn include Leo Capital, TNB Aura, S7V, January Capital, Alpha JWC, Taurus Ventures, Alter Global and Mahanusa Capital.
But Mike Mignano, head of podcast mission at Spotify, says the data point speaks to the large global podcasting ecosystem that people might not know exists. Spotify says Anchor’s top five markets in 2020, by total number of shows, were the US, Brazil, Indonesia, Mexico, and Great Britain.
Brick currently operates primarily in Indonesia, but is planning to expand into Singapore and the Philippines before eventually covering all markets in Southeast Asia. Inside Plaid’s plans to build a new, global finance network. The funding fill be used to double down on Brick’s presence in Indonesia and regional expansion.
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. million in seed funding from Go Ventures, RTP Global, AlphaJWC, Sequoia Capital India’s Surge, FEBE Ventures and Taurus Ventures. Staff management platform Vara’s team.
million registered users in Indonesia, and says that from January 2020 to November 2021, it marked 22x growth in monthly transacting users and 28.5x Indonesia has high rates of savings and relatively low rates of retail investing, but that is quickly changing. growth in users with an active balance. .
AC Ventures (ACV) , a venture firm focused on early-stage startups in Indonesia and the rest of Southeast Asia, has reached the first close of its fifth investment fund (Fund V). Founded in 2014, ACV’s portfolio now has over 120 investments in Indonesia and the rest of Southeast Asia.
Other investors included the Asian Development Bank (ADB) Ventures, PT Triputra Investindo Arya, Global Founders Capital, Trihill Capital, 1982 Ventures and Willy Swandi Dharma, former president director of insurance company PT Asuransi Adira Dinamika. In Indonesia, wagely’s competitors include GajiGesa and Gajiku.
It is a young country as well — having gained independence in 1963 — and resides in a neighborhood with far larger economies, including China, Indonesia, and Vietnam. Singapore is home to fewer than six million people, making it one of the smallest ASEAN countries, in terms of population. A glimpse into Singapore’s current startup ecosystem.
Bank Mandiri , one of the leading financial institutions in Indonesia, is a great example of such data-driven organisations. Even amidst a difficult time like a global pandemic, data has provided the means for the company to diversify its product offerings and unlock new revenue streams.
According to data from the Indonesian Commodity Futures Trading Regulatory Agency (Bappepti), the number of crypto investors in Indonesia doubled over the past year to more than 12 million traders, compared to 7 million domestic public equity investors. Users can top-up or withdraw their Earn wallet at any time.
Its website promises businesses that “with a single integration,” they can accept payments in Indonesia and the Philippines. According to Lo , “he happened to have some family in Indonesia, and it was also about the time when Asia was becoming more interesting for YC.” billion in payment value annually.
million in Series A funding led by Tiger Global, with participation from returning investors Global Founders Capital and HOF Capital. It is currently used by over 10,000 merchants in Singapore and Malaysia, with plans to expand into more Southeast Asian markets, including Thailand, Indonesia and the Philippines.
The company, which is best known for its electric Smartscooters and swappable battery infrastructure, announced today it will list on Nasdaq through a merger with Poema Global , a SPAC affiliated with Princeville Capital. Gogoro is going public. The deal sets Gogoro’s enterprise valuation at $2.35
The pre-seed round, which was completed in just three weeks via virtual meetings, was led by Indus Valley Capital, with participation from Alter Global, Fatima Gobi Ventures and several angel investors from Pakistan, the Middle East and Europe. Maqsad announced today its $2.1
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