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Waste4Change is building a circular economy in Indonesia

TechCrunch

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. Sustainability is the team’s main focus, with a demonstrated commitment to building a better future for Indonesia. Founded in 2014, Waste4Change has seen a CAGR of 55.1%

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Indonesian government wary of Temu’s entry, citing threats to local sellers

TechNode

Indonesias trade officials said Temus business model conflicts with local government regulations, which require a distributor or intermediary to be present in the product’s journey from factory to consumer.

Local 52
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TikTok likely to revive e-commerce in Indonesia via a deal with local GoTo

TechNode

TikTok is reportedly nearing a deal that will help the short video app restart e-commerce operations in Indonesia, its second-largest market, nearly three months after it suspended its shopping feature in fear of being banned by the Indonesian government.

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Indonesian agritech platform TaniHub Group harvests a $65.5M Series B round

TechCrunch

Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow. This year, it plans to focus on expanding within Indonesia because the F&B (food and beverage) market there is worth $137 billion and the Indonesian agriculture sector is still highly fragmented, Pamitra said. Rakuten and Beyond Next invest $1.4M

Group 100
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HR automation platform Omni wants to be the ‘Rippling of Southeast Asia’

TechCrunch

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. In terms of competition, Chan said he sees two categories: local payroll software and imported software from overseas.

Asia 89
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Indonesian ID and data verification startup Verihubs gets $2.8M led by Insignia Venture Partners

TechCrunch

.” The round led by Insignia Venture Partners, with participation from CCV (Central Capital Ventura, the investment arm of Bank Central Asia, the largest privately-owned bank in Indonesia), and Armand Ventures. Verihubs is currently focused on Indonesia, with plans to expand into other Southeast Asia markets eventually.

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Brick closes $8.5M seed to enable open finance across Southeast Asia

TechCrunch

Brick wants to simplify the process with a suite of APIs that connects financial apps to “hyper-local” sources of data, including banks, mobile wallets and telecoms. Other customers include investment firms, banks and some of Indonesia’s largest conglomerates, including Sinarmas Group and Astra Financial.

Asia 82