To keep fish and shrimp healthy, farmers in Indonesia now have a copilot to help
Microsoft AI
APRIL 30, 2024
Indonesia's eFishery built an AI copilot on Azure OpenAI Service to help fish and shrimp farmers achieve higher yields, more sustainably.
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Fairbanc provides BNPL for micro-merchants in Indonesia
TechCrunch
JULY 21, 2022
One example is Fairbanc , which is based in Singapore but focused on Indonesia. Fairbanc will use its new funding on expanding in Indonesia, and exploring new markets like Vietnam and the Philippines in partnership with Unilever. As a result, Fairbanc decided to pilot with Unilever in Indonesia instead.
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TikTok to invest $1.5B in GoTo’s Indonesia e-commerce business Tokopedia
TechCrunch
DECEMBER 11, 2023
ByteDance’s TikTok wants to do more business in Indonesia — Southeast Asia’s biggest e-commerce market. So after facing roadblocks from the regulators, it’s now come up with a new route to get there. TikTok is putting up $1.5
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Ransomware gang freely hands over decryption key after Indonesia attack, requests public donations as thanks
TechSpot
JULY 4, 2024
On June 20, Indonesia's Temporary National Data Center (PDNS), which is operated by the Ministry of Communications and Information Technology, was compromised by a variant of the LockBit 3.0 malware called Brain Cipher. Read Entire Article
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U.S. companies support COVID-19 relief in Indonesia, Southeast Asia
Candid
AUGUST 12, 2021
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.
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Indonesia-based grocery app HappyFresh reaps $65M led by Naver Financial and Gafina
TechCrunch
JULY 27, 2021
HappyFresh , the on-demand grocery app based in Indonesia, announced today it has raised a $65 million Series D. with participation from STIC, LB and Mirae Asset Indonesia and Singapore. It continues to operate in Indonesia, Malaysia and Thailand. The round was led by Naver Financial Corporation and Gafina B.V.,
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Indonesia-focused Intudo Ventures closes $115M third fund
TechCrunch
SEPTEMBER 8, 2021
Intudo Ventures , the “Indonesia-only” investment firm, announced today it has closed its third fund, totaling $115 million. Intudo founding partners Patrick Yip and Eddy Chan launched the firm in June 2017 as the first Indonesia-only venture capital firm, with a debut fund of $10 million.
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Jakarta-based cloud kitchen startup Legit Group gets Series A to take over the rest of Indonesia
TechCrunch
APRIL 10, 2023
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.
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RaRa Delivery gets $3.25M for its ambitious on-demand delivery plans in Indonesia
TechCrunch
AUGUST 17, 2021
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. The company announced today it has raised $3.25
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Indonesia “sea-to-table” platform Aruna hooks $35M led by Prosus and East Ventures Growth Fund
TechCrunch
JULY 21, 2021
Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. This was the main idea, but the bigger thing we saw at the time was the advantage of Indonesia’s position as a large agricultural country with big potential in the seafood industry,” Aslam told TechCrunch. Series B round.
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Waste4Change is building a circular economy in Indonesia
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. 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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Indonesia-based Rey Assurance launches its holistic approach to insurance with $1M in funding
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 created Rey to address the low penetration of life and health insurance in Indonesia.
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Flashy exotic birds can actually glow in the dark
Ars Technica
FEBRUARY 23, 2025
Found in the forests of Papua New Guinea, Indonesia, and Eastern Australia, birds of paradise are famous for flashy feathers and unusually shaped ornaments, which set the standard for haute couture among birds. Many use these feathers for flamboyant mating displays in which they shape-shift into otherworldly forms.
SerMorpheus wants to make NFTs an everyday sight in Indonesia
TechCrunch
SEPTEMBER 23, 2022
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
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Indonesian insurtech startup Fuse gets $25M Series B extension to expand further in Southeast Asia
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. The company said it has the largest GWP in Indonesia and Southeast Asia. .
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Indonesian logistics platform Logisly raises $6 million Series A to digitize truck shipments
TechCrunch
NOVEMBER 2, 2020
Logisly , a Jakarta-based startup that describes itself as a “B2B tech-enabled logistics platform,” announced today it has raised $6 million in Series A funding to help streamline logistics in Indonesia. ” Shipper, a platform for e-commerce logistics in Indonesia, raises $5 million. .”
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Rice is a staple crop around the world—but it’s becoming increasingly toxic
Fast Company Tech
APRIL 18, 2025
They found that in those seven countriesVietnam, Indonesia, China, Bangladesh, the Philippines, Myanmar, and Indiadisease risk rose across the board.
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Southeast Asian startups to watch in 2022
TechCrunch
DECEMBER 28, 2021
It’s the easiest option when I’m trying to be succinct, but Southeast Asia consists of 11 countries, and obviously there are huge differences between, say, Singapore, Myanmar, Laos, Vietnam, the Philippines and Indonesia. A close look at Singapore’s thriving startup ecosystem. million people.
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Indonesian government data centers face audit after ransomware attack reveals lack of backups
TechSpot
JULY 2, 2024
On June 20, Indonesia's Temporary National Data Center (PDNS), which is operated by the Ministry of Communication and Information Technology, was compromised by a variant of the LockBit 3.0 malware called Brain Cipher. Like most modern ransomware, Brain Cipher exfiltrates sensitive data and encrypts it, also known as double extortion.
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iPhone 16 and Apple Watch 10 get banned in Indonesia following investment dispute
TechSpot
OCTOBER 28, 2024
According to Bloomberg, the ban extends to all units already sold, making it illegal to operate any iPhone 16 model in the country. Industry Minister Agus Gumiwang Kartasasmita warned citizens against purchasing the banned devices abroad and urged them to report anyone using a prohibited iPhone or Apple Watch. Read Entire Article
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Indonesia’s eFishery raises $90M from Temasek, SoftBank Vision Fund 2 and Sequoia Capital India
TechCrunch
JANUARY 10, 2022
Indonesia-based eFishery announced today that it has raised what it claims is the largest round of funding by an aquaculture tech startup in the world. Indonesia “sea-to-table” platform Aruna hooks $35M led by Prosus and East Ventures Growth Fund.
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Eratani supports Indonesia’s farmers through the entire growing process
TechCrunch
DECEMBER 13, 2022
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.”. It is also part of the Ministry of Communications and Informatics’ Startup Studio Indonesia. Eratani’s team. Image Credits: Eratani.
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Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent
TechCrunch
SEPTEMBER 2, 2021
The new funding will be used to expand in Indonesia and develop new distribution channels, including insurance agents and SMEs. Insurance penetration is still relatively low in many Southeast Asian markets , including Indonesia, but the industry is gaining traction thanks to increasing consumer awareness.
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Indonesian robo-advisor app Bibit raises $30 million led by Sequoia Capital India
TechCrunch
JANUARY 6, 2021
Bibit , a robo-advisor app that wants to make investing more accessible in Indonesia, has raised $30 million from Sequoia Capital India. Other investment apps in Indonesia tapping into growing demand for retail investment producgts include Bareksa and SoftBank Ventures-backed Ajaib.
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Singapore-based open finance startup Finantier gets backing from Y Combinator
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. Once it completes the program, it will be able to partner with more fintech companies in Indonesia, including bigger institutions.
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Southeast Asian payments infrastructure unicorn Xendit banks $300M
TechCrunch
MAY 19, 2022
Xendit now has over 3,000 customers, including Samsung Indonesia, GrabPay, Ninja Van Philippines, Qoala, Unicef Indonesia, Cashalo and Shopback. Credit card penetration is extremely low especially in countries like Indonesia, so we have to help merchants offer alternative payment methods.”. billion to $15 billion. In the U.S.,
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Indonesian halal-focused social commerce startup Evermos lands $30M Series B
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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Waresix acquires Trukita to connect more of Indonesia’s fragmented logistics chain
TechCrunch
DECEMBER 16, 2020
Trukita has an extended network of over 10,000 trucks, and the combination of the two companies means it is “now one of the largest logistics technology providers in Indonesia,” said co-founder and chief executive officer Andree Susanto. to advance its push to digitize logistics in Indonesia. Waresix hauls in $14.5M
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PasarPolis is now one of Indonesia’s first full-stack insurtechs
TechCrunch
JANUARY 11, 2023
This means PasarPolis will be able to offer new products and work with partners like Tokopedia, Gojek, Traveloka, Xiaomi and IKEA Indonesia to create custom insurance policies. . Tap Insurance received a full license for insurance underwriting from OJK (Otoritas Jasa Keuangan, or the Financial Services Authority of Indonesia). .
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Indonesian logistics startup SiCepat raises $170 million Series B
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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Europe wants all countries to block pirate sites to combat online piracy
TechSpot
MAY 25, 2023
India, Indonesia, Russia, Turkey, and Ukraine are listed as priority level 2, while Argentina, Brazil, Ecuador, Malaysia, Nigeria, Saudi Arabia, and Thailand come in at level 3. The thirteen countries in the EC's crosshairs are headed by China (via TorrentFreak), which was singled out as the biggest concern. Read Entire Article
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BukuWarung, a fintech for Indonesian MSMEs, scores $60M Series A led by Valar and Goodwater
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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Ajaib raises $65M Series A extension led by Ribbit Capital, increasing the round’s total to $90M
TechCrunch
MARCH 28, 2021
The startup, which claims to run the fourth largest stock brokerage in Indonesia based on number of trades, announced the $25 million first closing of its Series A in January. In Indonesia, less than 1% of the population own stocks , but that number is increasing, especially among millennials.
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Financial API provider Brick is building the infrastructure for open banking in Southeast Asia
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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Open finance startup Ayoconnect’s APIs enable financial inclusion in Southeast Asia
TechCrunch
OCTOBER 13, 2022
It works with regulators and incumbent banks, and was recently awarded a Bank of Indonesia (BI) Payment Service Provider Category 1 license. Ayoconnect says it is the only open finance player in Indonesia to be licensed by the central bank. Before starting Ayoconnect, founder and CEO Jakob Rost was a managing director at Lazada.
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Monk’s Hill Ventures and Glints on how Southeast Asian startups can cope with the region’s talent crunch
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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Indonesian law MR5 bans access to many online services, including Steam, Epic Games, and PayPal
TechSpot
AUGUST 1, 2022
Over the weekend, Indonesia banned several websites for noncompliance with a new law. The law, dubbed Ministerial Regulation Number 5 or MR5, requires "private electronic system providers" to register with the Indonesian Ministry of Communication and Information (Kominfo) and turn over specific users' data.
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Indonesian earned wage access platform Wagely raises $8.3M as it expands into Bangladesh
TechCrunch
MARCH 15, 2022
Wagely also received backing from Central Capital Ventura, the venture capital arm of Bank Central Asia (BCA), one of Indonesia’s largest private banks. Tobias Fischer, co-founder and CEO of wagely, told TechCrunch that BCA “has one of the largest corporate networks in Indonesia.
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Southeast Asian credit fintech Kredivo scores $270M Series D
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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Indonesia’s Astro raises $60M to work on 15-minute grocery delivery
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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Muslims come into the frame in Southeast Asia’s fintech boom
TechCrunch
APRIL 27, 2023
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
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Indonesian fintech Xendit is now a unicorn, with $150M in fresh funding led by Tiger Global
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. For example, Wijaya said disbursements, including marketplace refunds, were difficult in Indonesia, so Xendit focused on fixing that. “One big segment are SMEs.
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ErudiFi raises $5 million Series A to give students in Southeast Asia more education financing options
TechCrunch
FEBRUARY 23, 2021
ErudiFi currently works with more than 50 universities and vocational schools in Indonesia and the Philippines. ” ErudiFi’s Series A will be used on hiring for its product and engineering teams and to expand in Indonesia and the Philippines. 13 investors say lifelong learning is taking edtech mainstream.
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Google Maps will soon display traffic lights, stop signs, and tolls
TechSpot
APRIL 8, 2022
Android and iOS users in the US, India, Japan, and Indonesia can see estimated toll prices for their destinations before turning on navigation starting later this. The first of several additions coming to Google Maps is information about tolls so drivers can better plan how much a trip will cost.
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