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U.S. companies support COVID-19 relief in Indonesia, Southeast Asia

Candid

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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Jakarta-based cloud kitchen startup Legit Group gets Series A to take over the rest of Indonesia

TechCrunch

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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Indonesia “sea-to-table” platform Aruna hooks $35M led by Prosus and East Ventures Growth Fund

TechCrunch

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

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Indonesia-based Rey Assurance launches its holistic approach to insurance with $1M in funding

TechCrunch

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 are joined by insurance industry veteran David Nugrho as their chief business officer. .

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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. Considering the crucial role of the informal sector in improving Indonesia’s recycling rate, we aim to build a waste recycling platform that will keep the system sustainable,” he said. “We

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SerMorpheus wants to make NFTs an everyday sight in Indonesia

TechCrunch

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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iPhone 16 and Apple Watch 10 get banned in Indonesia following investment dispute

TechSpot

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. According to Bloomberg, the ban extends to all units already sold, making it illegal to operate any iPhone 16 model in the country. Read Entire Article

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