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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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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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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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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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.
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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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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Atma wants to make job hunting in Indonesia easier
TechCrunch
MAY 8, 2022
The platform targets the lower and middle-income segment of the working-age population in Indonesia, or people earning less than 10 million IDR a month (or about $700 USD). Atma says up to over 100 million people in Indonesia fit into this category.
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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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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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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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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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Indonesian investment platform Ajaib gets $25 million Series A led by Horizons Venture and Alpha JWC
TechCrunch
JANUARY 11, 2021
Ajaib Group , an online investment platform that says it now runs the fifth-largest stock brokerage in Indonesia by number of trades, announced it has raised a $25 million Series A led by Horizons Ventures, the venture capital firm founded by Li Ka-Shing, and Alpha JWC.
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The water at these schools comes almost entirely from rain
Fast Company Tech
MARCH 17, 2025
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. In some cases, schools now get most of their water from rain.
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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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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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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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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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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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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 fintech Flip secures $48M in Series B to support expansion
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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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 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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Mass Effect: Legendary Edition leak points toward March 12 release date
TechSpot
JANUARY 12, 2021
Two different online retailers -- the Singapore-based Shopitree and Indonesia's GSShop -- have listed a March 12 release date for Mass Effect: Legendary Edition. Ordinarily, retailer launch dates are rather meaningless, since they're often little more than placeholders or a company's best guess.
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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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Consumers spent 3.8 trillion hours in mobile apps in 2021
TechSpot
JANUARY 12, 2022
In Brazil and Indonesia, for example, consumers are approaching the 5.5 Of course, the 4.8 hour figure is the average. hour usage mark. South Korea is right at the five-hour mark, with Mexico, India and Japan trailing close behind.
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