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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.
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
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 pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.
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). But since then, it’s expanded its scope.
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.
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.
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’s also working with communities to revive the coffee industry and scale up production. “Coffee needs peace.”
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.
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.
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
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. A glimpse into Singapore’s current startup ecosystem.
Also participating is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. Nigel Verdon, co-founder and CEO of Railsbank, tells me the injection of capital will be used to continue expanding the fintech’s global footprint and for further product development.
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
Business leaders across various industries were questioned about their use of data during the pandemic, lessons learnt and confidence in the future health of their organisation. Bank Mandiri , one of the leading financial institutions in Indonesia, is a great example of such data-driven organisations.
According to Kevin Boo, the company’s director of corporate development, Una Brands’ key differentiator is its diversification in geography, e-commerce channels and product categories, all of which provide the company a long-term competitive advantage and greater defensibility against any industry headwinds, he said.
FGVCon transcends borders and platforms, assembling industry leaders, top influencers, brands, sellers, agencies, and platform officials in the dynamic world of short-form video content. million followers), and Akash Ellahi (with 14.9 million followers), making their Chinese show.
Base Partners, RTP Global, SIG, Go-Ventures, Telstra Ventures, Founders Circle and Play Ventures also participated in the round, which brings its total to-date raise to $225.5 million users in Indonesia, also serves as a publishing platform for other gaming firms. The app, which has amassed more than 60 million users in India and 3.5
The investment was co-led by Bain Capital Ventures and Tiger Global, and included participation from Canary, Latitud Ventures and Asymmetric Capital Partners. Miferia also offers free shipping and handles payments so brands don’t have to worry about collections. The seed funding is the first institutional round the company has taken.
A majority of the startups in the new cohort are building for global markets and targeting audiences beyond their headquarters. Founders in the seventh cohort of Surge will go through a 16-week hybrid program to get training and mentorship from industry veterans and storied entrepreneurs. Nearly half of them have a presence in the U.S.
The round will be used to expand into more markets and develop new features for StaffAny’s platform, which currently operates in seven countries, including Singapore, where it is based, Malaysia, and Indonesia. SMB tech is a sector GGV invests in globally. It brings the startup’s total raised to $4.2
According to the World Bank, Indonesia produces 4.8 On the other end of the supply chain, Octopus serves more than 20 brands, including global FMCG companies who use Octopus to help meet their ESG compliance. One of its goals is to reach 100,000 pelestari by 2024. Octopus offers two main kinds of service, said Ischan.
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.
Simon Black, PPRO’s CEO, said in an interview that two particular areas of focus in the coming year will be more activity in Asian countries like Singapore and Indonesia, as well as Latin America, where the company acquired a local player, allpago , back in 2019. “PPRO is building solutions for performance in industrial strength.
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.
Chinas Great Wall Motor is poised for its big entry into Southeast Asia, as the automaker said on Monday it would begin manufacturing its cars in Malaysia and Indonesia as early as July, in addition to its planned entry into Vietnam, local media reported.
H2O Hospitality will expand its business further by adding various types of accommodations in South Korea and Japan in 2021 and 2022 and plans to enter Singapore and Indonesia in 4Q in 2022 in line with its Southeast Asia penetration strategy, according to H2O Hospitality co-founder and CEO John Lee.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., It also plans to unlock it for LinkedIn and Moj in India and TikTok for global markets over time. has raised $10 million in a funding round led by the South Korean gaming company Krafton.
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. . million since its inception, per Crunchbase. .
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. . million orders.
Long established as a global financial center, Singapore also looks set to become the “Silicon Valley of Asia.” In the long term, the presence of global tech giants, coupled with homegrown unicorns like Grab, Sea (formerly known as Garena) and Trax, may also mean more exit opportunities for startups.
More than 80% of households in Indonesia, Malaysia, Thailand and Vietnam own two-wheeled vehicles, but the majority are fueled by gas. Founder and chief executive officer Son Nguyen began learning how to build bikes from scrap parts while working as a software engineer in Silicon Valley.
Amit Anand is a founding partner of Jungle Ventures and an early pioneer and leader in the development of Southeast Asia’s venture capital industry. Globally, social commerce is on the path to becoming a $1.2 trillion industry by 2025 , with the biggest gains being made in Brazil and India. Amit Anand. Contributor.
The first fund invested in 30 countries, and the second fund will also have a global outlook, but it will focus on one to three countries in each region. We see that different trends can come in at different times in different markets, so it helps us to see the typical trajectory of a certain industry.”.
The company plans to use the acquisition to make further inroads into the overseas tourism industry. Despite the huge cloud that has hovered over the travel and tourism industries over the last 20 months, the company has been on a major growth tear. Indonesia, the Philippines, India, and Africa as of September year on year. .
ByteDance has launched its first overseas micro drama product, Melolo, and formed a new team to oversee its global short-form content strategy, according to Chinese media outlet 36kr. Melolo officially launched in mid-November 2024 in markets such as Indonesia and the Philippines.
Bfree , a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 Bfree is now on a massive recruitment drive for the 16 new markets in which it is setting up operations, including Ghana, India, Uganda, Brazil, Colombia, Mexico, Russia, Poland, Pakistan and Indonesia.
Viber is quite global. Obviously, we index better in some countries (and worse in others), but it’s pretty much a global phenomenon. Have you received any backlash from carriers directly, or any others players in the mobile industry that are being impacted directly by the rise of apps like Viber?
For years, Amadeus managed its own infrastructure, but as the pandemic slowed global travel to a trickle, its executive team realized that mounting technical debt was holding the company back. “This is a big, widespread, industry-specific problem,” says Champ Suthipongchai, co-founder and general partner at Creative Ventures.
Analysts attributed the muted performance of Socar’s debut day to an expensive valuation and slowdown in the IPO market that is reeling from the global economic downturn. The Korean car-hailing company has set up Socar Malaysia, a 79% stake owned by SK Inc, and launched services in Malaysia in 2018 and Indonesia in 2020.
The amount of plastic pouring into our oceans is set to triple by 2040 , and the bulk of the un-recycled plastic in the world is generated by an enormous industry: consumer packaged goods (CPG). “People want to behave sustainably, but above that, they want products that they love.
TikTok Shop being shut down in Indonesia by the government was unexpected. Which industry professional/entrepreneur/startup founder has left the most profound impression on you in 2023? If you were to recommend one significant industry trend for everyone to follow, what would it be? Tech giants in China and the U.S.
TikTok Shop being shut down in Indonesia by the government was unexpected. Which industry professional/entrepreneur/startup founder has left the most profound impression on you in 2023? If you were to recommend one significant industry trend for everyone to follow, what would it be? Tech giants in China and the U.S.
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