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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. Waste4Change’s team. To use Waste4Change, customers can ask for a pick-up team to collect their pre-sorted trash or drop it off themselves.
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
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. Certainly, SwipeRx — which raised $6.3 Image Credits: SwipeRx. ”
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.”. Eratani’s team. Agri Inputs provides agricultural supplies with usage recommendations from its agronomist teams. Image Credits: Eratani.
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.
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. We’re not like players where expanding into one market means a sales team, and that’s it.
Founded in 2016, with a team of about 250 people, Ayoconnect is currently working toward more financial inclusion for Indonesian consumers and SMEs. It works with regulators and incumbent banks, and was recently awarded a Bank of Indonesia (BI) Payment Service Provider Category 1 license.
Founded in 2016, viAct currently serves more than 30 construction industry clients in Asia and Europe. trillion-dollar industry. As companies signed up for viAct to monitor sites while complying with COVID-19 social distancing measures, the company provided training over Zoom to help teams onboard more quickly.
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.
Started last year, IDEAL’s founding team includes Albert Surjaudaja, Ian Daniel Santoso and Indira Nur Shadrina, with Jeganathan Sethu joining this year. Surjaudaja told TechCrunch that IDEAL was started “with the thinking that consumer lending in Indonesia is broken.”. It acts as a multiplier effect in generating value,” he added.
Cryptocurrency transactions in Indonesia hit $60 billion last year , according to the country’s commodities futures trading agency. Reku’s team. 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.
The startup plans to use the proceeds to beef up its R&D team and hire more engineers, Plugo co-founder and chief executive officer KyungMin Bang said, adding that it currently employs about 30 people. Approximately 200 D2C brands have already started using Plugo’s beta service in Indonesia.
The software enables HR teams to digitize employee records, automate administrative tasks like employee onboarding and time-off management, and integrate employee data from different systems. But most HR teams Chan and Ip spoke to wanted an all-in-one solution. Each country also has different workflows. Time off rules also vary.
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
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. The startup, launched last year by husband-and-wife team Vidit Agrawal and Martyna Malinowska, announced a $2.5 million seed round.
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. Adoption of Poladrone’s drones also increased during labor shortages caused by the pandemic, and the startup grew its team from 20 people to over 80 in less than a year to meet demand.
Raena’s team, from left to right: chief operating officer Guo Xing Lim, chief executive officer Sreejita Deb and chief commercial officer Widelia Liu. 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.
Get ready for the annual insights from TechNode Content Team! As wrapping up this year, we gathered different insights from our content team. TikTok Shop being shut down in Indonesia by the government was unexpected. Which industry professional/entrepreneur/startup founder has left the most profound impression on you in 2023?
I think what we have seen is that there has been a lot of capital being pumped into the tech industry over the past two to three years in a major bull run. Teams that have been hit hardest include operations, financial and human resource departments, plus some sales and marketing teams. It’s a correction in general.
Its leadership “sprints” focus on topics like retaining knowledge, and what goes into curating a safe environment for teams. Currently, NewCampus builds content in-house, and then asks industry experts to come in and add in their flair of expertise. The startup has closed a seed financing round of $2.5
Founders in the seventh cohort of Surge will go through a 16-week hybrid program to get training and mentorship from industry veterans and storied entrepreneurs. BuyerAssist aims to help B2B revenue teams with so-called mutual success plans (MSPs) to align and collaborate effectively with their buyers throughout the journey.
Get ready for the annual insights from TechNode Content Team! As wrapping up this year, we gathered different insights from our content team. TikTok Shop being shut down in Indonesia by the government was unexpected. Which industry professional/entrepreneur/startup founder has left the most profound impression on you in 2023?
million users in Indonesia, also serves as a publishing platform for other gaming firms. We’re competing with battle-hardened, decade old companies with much, much deeper pockets but it’s incredible what the young team has achieved over the past couple of years. The app, which has amassed more than 60 million users in India and 3.5
We’ve reported on some of those wholesale marketplaces recently, including ZAX , which connects sellers to buyers in Brazil, Morado for Colombia’s beauty industry, Novi , for sustainable goods, JABU in Africa and GudangADA , doing something similar in Indonesia. Meanwhile, Miferia is still in its early stages.
It is currently focused on Indonesia, with a presence in 40 cities. Lucius says TipTip’s team saw that many people became accustomed to the idea of making money virtually after COVID hit, as interest in consuming digital content also rose. There are many players who are already established as industry leaders in these respective areas.
The team also includes Rezky Haryanto Agustia, former assistant vice president for supply chain and operations at e-commerce giant Bukalapak. . AgriAku is the latest among several agritech startups in Indonesia that have recently announced funding rounds. Indonesian agritech platform TaniHub Group harvests a $65.5M Series B round.
Many work teams, especially stores and restaurants, rely on manual spreadsheets to ensure their operations are running smoothly. Founded in 2018 by Daniel Hazman and Jonathan Keith, Nimbly is currently used by more than one hundred organizations in seven countries, including Indonesia, Singapore, Malaysia and the United States.
Most of its users are in Vietnam, but Edupia is also expanding into other Southeast Asian markets like Indonesia, Thailand and Myanmar, and adding more subjects, including math and coding. As Edupia’s self-learning business gained traction, the team saw demand for more ways to engage with students and started live classes in March 2021.
Praktis co-founder and chief executive officer Adrian Gilrandy told TechCrunch that even though 60% of Indonesia’s GDP comes from SMEs, many experience difficulties while scaling up their business operations. These include finding reliable suppliers, getting fair pricing, the cost of labor and high exposure to fixed costs.
Meanwhile, Genser, CTO, is a military veteran who previously worked at Goldman Sachs leading an artificial intelligence team in private wealth. Including those advisors, engineers and product team members Farther also doubled its staff size to more than 50 employees, Matthews added. Advisors set the costs for using the platform.
The funding will be used to enter other Southeast Asian markets, including Indonesia and the Philippines, and introduce new products, like free credit score and insurance offers, digital discount coupons and mobile wallet cashbacks. ” Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group.
The round will be used to expand into more markets and develop new features for StaffAny’s platform, which currently operates in seven countries, including Singapore, where it is based, Malaysia, and Indonesia. It brings the startup’s total raised to $4.2 SMB tech is a sector GGV invests in globally.
This trend has been circling around the restaurant industry. On the back of its successful launch in Vietnam earlier this year, the startup plans to penetrate farther into Southeast Asian countries such as Thailand, Malaysia and Indonesia in 2023, co-founder and CEO Kimberly Yao said in an interview. .
Indonesian wealth management app PINA’s founding team. While many of Indonesia’s investment apps are focused on hooking first-time investors with low fees and starting deposits, PINA is targeting the middle-to-upper classes with wealth management services. and Y Combinator, with participation from XA Network.
Many already had investments in Southeast Asian companies and were eyeing markets there as well, particularly Indonesia. Infocomm Investments is backed by the Infocomm Development Authority (IDA) of Singapore, a government agency that is responsible for promoting the IT industry in Singapore. ” Government policy pays off.
Ben Thompson, co-founder and chief executive officer of human resources platform Employment Hero told TechCrunch that “COVID-19 accelerated the adoption of employment management software by roughly five years,” as teams adjusted to remote work. million) Series D, bringing its valuation to more than $250 million AUD ($193.4
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., It holds massive untapped potential, and we believe that One Impression is rightly positioned to be a global leader of the influencer industry.
Simon Black, PPRO’s CEO, said in an interview that two particular areas of focus in the coming year will be more activity in Asian countries like Singapore and Indonesia, as well as Latin America, where the company acquired a local player, allpago , back in 2019. “PPRO is building solutions for performance in industrial strength.
million USD) and above, and will set up another office in Thailand, with plans to expand into Indonesia as well. “Our perspective on what the industry needed was similar — strategic investors who truly knew how to get behind D2C founders,” Toh said.
It plans to expand into other sectors as well and is open to partnering with employers from other industries. Technology has transformed the kinds of jobs being created in Indonesia, but the process of hiring, especially in the blue collar segments, continue to be broken,” said Sequoia India managing director Abheek Anand in a statement.
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