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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.
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.
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
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. .
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
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
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
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.
Indonesia’s logistics industry is very fragmented , with several large providers operating alongside thousands of smaller companies. ” She added that Logisly is “laser focused on having the largest trucking network in Indonesia, providing 100% availability of cost-efficient and reliable trucks.”
In Indonesia, many logistics providers still use old-fashioned systems to track their operations and fleets, including pen-and-paper ledgers. The startup, which develops software-as-a-service solutions for the logistics and supply chain industry, has raised $6.5 Indonesia has more than 22.5 McEasy wants to change that.
Today, he claims, SwipeRx has transformed and digitized the pharmacy industry and become a one-stop platform for pharmacists to perform all their daily tasks, from education to purchasing to inventory financing in Southeast Asia. ”
Indonesia’s construction industry is growing quickly, driven by residential and industrial building, alongside infrastructure development plans by the government. Sourcing skilled labor is still a time-intensive process, however, and often relies on personal networks and lengthy recruitment efforts.
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. They are all part of TechSoup Asia , which serves charities in the Philippines, Malaysia, Singapore, Thailand — and now Vietnam and Indonesia.
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.
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.
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.
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.
The rapid growth of e-commerce in Indonesia, especially during the pandemic, is placing increasing demands on its supply chain infrastructure. But the country’s logistics industry is highly fragmented, with companies usually relying on multiple providers for one shipment, and many warehouses are still concentrated around major cities.
Now WatSan has helped people in Tanjung Priok get filters for creating fresh clean water, and they have started selling it to other slums, creating income, a cottage industry, and money for uniforms for their children to attend school, breaking the cycle of poverty. All from water. It was an experience that changed me forever.
Indonesia-based startup GoTo Group announced today it has secured more than $1.3 GoTo Group is creating synergies with Gojek, Tokopedia and Goto Financial brands across transport, e-commerce, food and grocery delivery, logistics and financial service industries. billion in the first close of its pre-IPO funding. .
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.
Indonesia-based fintech Pluang announced today it has raised $20 million in a pre-Series B round led by Openspace Ventures, with participation from Go Ventures and other returning investors. “Previously, these assets classes were only available to the wealthy in Indonesia,” said Pluang founder Claudia Kolonas in a statement.
Before COVID-19, many of Xendit’s customers were in the travel industry, and it was hit hard by the pandemic. The other one is expanding out to fintech companies—for example, there’s been a big uptick in Indonesia, especially accounting platforms. But since then, it’s expanded its scope. One big segment are SMEs.
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. Founded in 2019 by Abraham Viktor, Robin Tan and Andreas Resha, Hangry is part of Indonesia’s burgeoning cloud kitchen industry.
Approximately 200 D2C brands have already started using Plugo’s beta service in Indonesia. The Singapore-based startup with offices in Indonesia and South Korea intends to launch its service officially in Indonesia in the first quarter of next year. Bang founded Plugo two months ago with five founding members.
Surjaudaja told TechCrunch that IDEAL was started “with the thinking that consumer lending in Indonesia is broken.”. With that in mind, Indonesia has one of the lowest credit to GDP ratios in the region, signifying that there is a lot of economic value potential that can be unlocked. “We
Founded in 2016, viAct currently serves more than 30 construction industry clients in Asia and Europe. trillion-dollar industry. The viAct team has not only created a product that drives value for the industry but has also been able to earn the trust of their customers and accelerate adoption.”
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. On the other hand, companies in Indonesia collect multiple forms of ID information, including KTD (resident’s card), KK (family card) and NPWP (tax ID). What downturn?
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
Cryptocurrency transactions in Indonesia hit $60 billion last year , according to the country’s commodities futures trading agency. On a relative basis, there’s a tremendous amount of building activity coming out of Indonesia, not just projects but also infrastructure and tools that address the global market.
In addition to 352 cities in mainland China, Lalamove also operates in Hong Kong (where it launched), Taiwan, Vietnam, Indonesia, Malaysia, Singapore, the Philippines and Thailand. The company entered the United States for the first time in October, and currently claims about 480,000 monthly active drivers and 7.2
GajiGesa , a fintech startup that provides earned wage access (EWA) and other services for workers in Indonesia, has added strategic investors to help it launch new services and expand its user base. GajiGesa is part of a new wave of startups focused on digitizing the 60 million small businesses in Indonesia. million seed round.
.” 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.
Founded in January 2019, GudangAda is now used by half a million SMEs and covers 500 cities in Indonesia. Founder and chief executive officer Stevensang spent more than 25 years in Indonesia’s fast-moving consumer goods and retail industries before starting GudangAda. Its last funding was a $25.4
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.
CEO Ongki Kurniawan was previously country head of Stripe Indonesia and also held leadership positions at Grab, telcoXL Axiata and Line, while COO Karan Khetan is a serial entrepreneur whose past startups include 5x and BookMyShow Southeast Asia. This was further validated after speaking with a number of industry experts.
Founded in 2016 by Cheong Jin Xi, Poladrone now operates in Malaysia and Thailand and plans to expand into Indonesia, the world’s largest oil palm producer. Cheong first became interested in drones when he was a high school student in Melbourne, Australia, and it led to him pursuing an aerospace engineering degree at university.
SODA said that the deal means its share of Japan’s sneaker resale industry is now 80%, making it the market leader by far. Launched in 2018, SODA runs SNKRDUNK , one of Japan’s largest sneaker reselling platforms with about 2.5 million monthly users. Along with its new funding, SODA announced it has acquired rival Monokabu.
It is currently focused on Indonesia, with a presence in 40 cities. There are many players who are already established as industry leaders in these respective areas. TipTip currently has 2,500 content creators and over 30,000 users. Its goal is to recruit more than 30,000 creators and 300,000 users by early next year.
According to the World Bank, Indonesia produces 4.8 The first one is selling post-consumer materials to the recycling industry and the second is data collection reporting for FMCG brands. One of its goals is to reach 100,000 pelestari by 2024. Octopus offers two main kinds of service, said Ischan.
The startup described this as one of the largest “all-equity financings to date in Southeast Asia’s online automotive industry.” The funding was led by Asia Partners, with participation from returning investors Burda Principal Investments and Ondine Capital.
and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. and Europe and helps protect the reputation of the fintech industry. This will include the launch of “credit cards as a service” in the U.S. It will also double down on existing markets such as the U.K./Europe.
They also saw that even though new C2C retail models, like social commerce, are gaining popularity, the beauty industry’s supply chain hasn’t kept up. For those brands, Raena represents a way to enter new markets like Indonesia, which the startup estimates has $20 billion market opportunity.
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