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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.
Summer International stays ahead of the game by identifying the most influential content creators, and working with them to incubate new brands. NYX founder and Bespoke Beauty Brands CEO Toni Ko will also join Summer International as a strategic investor. NYX was acquired by L’Oreal in 2014 for about $500 million.
Backed by international LPs, Southeast Asia-focused venture firms like Alpha JWC , AC Ventures and Jungle Ventures raised their largest funds yet. And Indonesia in particular warrants special attention, as the fourth-largest economy in the world and the most populated Southeast Asian country with 273.5 million people.
Vivo has announced the international launch of its new X50 series of flagship smartphones , including the X50, the X50 Pro, and the X50 Pro Plus. The X50 series will initially launch in markets including India, Indonesia, Russia, and more. All three phones have a 32-megapixel hole-punch selfie camera, dual-mode 5G, and Wi-Fi 6.
Chinese automaker Neta announced on August 10 a plan to sell its electric vehicles in Indonesia from the fourth quarter of this year. This marks Netas debut in Indonesia, having previously expanded to Thailand, Malaysia, and other ASEAN countries.
Byju’s plans to expand to international markets in the second half of next month as the Indian edtech giant, valued at more than $13 billion, looks to accelerate its growth, TechCrunch has learned and confirmed. Brazil, Indonesia and Mexico next month and explore other geographies later this year, it told employees in an email.
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
Unlike other emerging economies such as China, India and Indonesia, which have embraced digitization and technology, Pakistan has trailed the region in the adoption of technology and startup formation. Pakistan, the world’s fifth most populous country, has been slow to adapt to the internet economy. Image Credits: Mikal Khoso.
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.
Indonesia-based startup GoTo Group announced today it has secured more than $1.3 The latest round was led by Abu Dhabi Investment Authority (ADIA), with participation from Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad (PNB), Primavera Capital, SeaTown Master Fund, Temasek, Tencent and Ward Ferry.
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
Along with the stock market , cryptocurrency is also seeing an uptick among retail investors in Indonesia. According to Pintu’s internal estimates, last year Indonesia processed $10 billion USD in cryptoassets transactions, mostly through retail investors. Many first-time investors are also looking at cryptocurrencies.
They got a good enough reception that they decided to develop their product into an employee assistance program called Mindtera , which now serves more than 10,000 employees in Indonesia. Bhaskoro said Mindtera’s main competitors are EAPs based outside of Indonesia, and traditional workforce consulting agencies.
This marks the first time both have made an investment in Indonesia. One of the Jakarta-based company’s goals is to improve educational standards in Indonesia. The round also included participation from returning investors Sequoia Capital India’s Surge and AC Ventures.
He is an adviser and investor focusing on high-impact entrepreneurship in emerging markets and has worked with the World Bank, International Finance Corporation, as well as numerous funds and startups focusing on developing countries. When the country first became independent, its mandate was to simply survive rather than thrive.
per subscriber, in part because it’s now factoring in Disney Plus Hotstar (available in India and Indonesia), which charges considerably less than the service in other markets. per month or $79.99 per year (up from $6.99 a month or $69.99
The filing today marks a major turnaround for Oyo that grew too ambitiously in international markets in recent years but corrected course by hitting the brakes on some of those efforts. The startup said in the filing today that four markets — India, Indonesia, Malaysia and Europe — account for about 90% of its overall revenue.
In Indonesia, arisans are traditionally rotating savings and credit associations (RSCA) that let groups of people, primarily women, save and borrow money together. The round was co-led by Patamar Capital and PT Astra Digital Internasional, a subsidiary of conglomerate PT Astra International Tbk (also known as Astra International).
And if you buy the same Nike shoes in Indonesia, Thailand or the Philippines, the answer is going to be much closer to 25%, maybe upwards of 30%.”. Deliveree is currently available in Indonesia, the Philippines and Thailand. What portion of that sales cost is spent on logistics and transportation and warehousing? It’s about 8%.
Mobile Premier League (MPL) has raised $95 million in a new financing round, just five months after it secured $90 million as the two-and-a-half-year-old Bangalore-based esports and gaming platform looks to grow in international markets. million users in Indonesia, also serves as a publishing platform for other gaming firms.
SwipeRx , a platform for pharma professionals, said Tuesday it has secured a $27 million Series B round led by Indonesia’s MDI Ventures, with participation from the Gates Foundation, Johnson & Johnson Impact Ventures, Susquehanna International Group and existing backers.
That surpasses its internal target by 7x and the app will be available for public download soon. 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.
Glints’ platform currently has three million professionals in five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 companies that are seeking workers, including AIA, IKEA, GetGo, KKday and Gameloft. Glints’ team. Despite layoffs, there’s still a talent crunch in Southeast Asia.
Dable (the name is a combination of “data” and “able”) currently serves more than 2,500 media outlets in South Korea, Japan, Taiwan, Indonesia, Vietnam and Malaysia. It has subsidiaries in Taiwan, which accounts for 70% of its overseas sales, and Indonesia. The Series C brings Dable’s total funding so far to $20.5
International Corporate Accountability Roundtable ● icar.ngo. International Society of Street Papers ● insp.ngo. World Vision International ● wvi.ngo. Mission: To restore Kenyan highland forests and elevate the discussion on sustainability. United States. Kopernik ● kopernik.ngo. Water for All ● water4all.ngo.
million couriers and operates in 10 countries, including Brazil, India, Indonesia, Korea, Malaysia, Mexico, the Philippines, Russia, Turkey and Vietnam. They have succeeded in going global; becoming competitive in 10 new international markets.”. Founded in 2012, Borzo says it now has a customer base of 2 million users, 2.5
Founded in 2019, the startup is operational in Vietnam and has applied for a license to launch in Indonesia. Before launching Jeff, Niparts was CEO of Spain for Digital Finance International, a fintech company that is part of the Finstar Financial Group. It also plans to enter the Philippines in the third quarter.
The company, which was founded in 2013, also plans to strengthen its global operations across six countries — Thailand, Indonesia, Vietnam, Myanmar, Cambodia, and the Philippines. About 70% came from Thailand while 30% came from the international market, the co-President Thamavaranukupt said.
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.
Speaking during a panel discussion at this years INCLUSIONConference on the Bund in Shanghai, Yang Peng, President of the International Business Group at Ant Group, said that digital transformation could help deepen SME merchants ties to consumers, and drive commerce with more growth tools. Still, the demand is booming.
Starting this week, Facebook will “temporarily reduce” political posts for a “small percentage” of people in Canada, Brazil, and Indonesia, with a test in the US following some weeks later. Facebook shut down an internal effort in 2018 to make its site less divisive, The Wall Street Journal reported last year.
Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million.
This post was written by GuideStar International communications manager Keisha Taylor and originally published on the GuideStar International blog. A team of 13 interns successfully geocoded 1,216 World Bank projects in 7 weeks, defying the belief in some quarters that it would be impossible. Tags: International News.
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. The company also plans to hire for C-level positions and senior managers as it scales, and ramp up its international expansion.
Participants in its Series B included Temasek Holdings’ private equity unit Pavilion Capital, Tencent, International Finance Corporation (IFC), ICCP SBI Venture Partners and Saison Capital, and returning investors Robinsons Retail Holdings (which is part of the Gokongwei Group), JG Digital Equity Ventures and Wavemaker Partners.
There are a few reasons for the massive uptick in price — because it’s 2022, there are financial shenanigans involved, but it’s also impossible for the market to ignore the fact that an important nickel producer is at war and facing a flurry of international sanctions. When it comes to mining nickel, Russia isn’t a massive player.
There still exists a tech talent crunch, even in Singapore, where most layoffs and hiring freezes have happened because it’s regional headquarters for many international businesses and a startup hub. It’s a correction in general. This is fueled in part by the willingness for a decentralized workforce created by the pandemic.
The funding will be used to grow Docquity in its existing markets, like Indonesia and the Philippines, and enter new ones, including Japan, the United Arab Emirates, Saudi Arabia and Egypt. It has also set up internal compliance and pharma co-vigilance team to ensure privacy and security.
It’s a new section of Disney Plus for international audiences that will offer more mature R-rated films, TV shows from FX, and other shows and movies that Disney owns the rights to but don’t fit into Disney Plus’ family-friendly image. Star is effectively Disney’s solution to the fact that Hulu doesn’t exist in international markets.
Other hard-hit countries will include Nigeria, Indonesia, the Philippines, Pakistan, Sudan, and Niger. Indonesia is already experiencing this, and has planned to relocate its capital city of Jakarta entirely rather than try to keep the water at bay. The Arctic is predicted to be practically ice-free during summertime.
Chinas Great Wall Motor is poised for its big entry into Southeast Asia, as the automaker said on Monday it would begin manufacturing its cars in Malaysia and Indonesia as early as July, in addition to its planned entry into Vietnam, local media reported.
billion investment in Indonesia-based GoTo’s e-commerce unit to revive its online shopping business, three months after the short video platform had been forced to suspend retail services. The move follows Chinese counterpart TikTok’s $1.5 Tech in Asia ]
Fund II also achieved internal rate of return (IRR) of 34.7%, compared to 26.1% Lin said that many of AppWorks accelerator graduates over the past three to five years are from Singapore, Malaysia, Vietnam and, increasingly, Indonesia and the Philippines. for the other funds.
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