This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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. These include preventing overfishing, protecting coastal ecosystems and giving small-scale fisheries access to more resources and markets. According to the World Bank , Indonesia is the world’s second largest fisheries producer.
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.
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.
Una, one of the largest e-commerce aggregators in Asia, has already established its presence across Asia, including Singapore, Australia, India, China, Indonesia, Malaysia and Taiwan, since its launch in 2021. . The e-commerce market of South Korea is expected to increase up to $250 billion by 2025.
More than half of the population in Southeast Asia is under 30 , making it a coveted market for novel technologies. Indonesia is “catching up” on web3 because its huge talent pool still rests in the Web 2.0 “With so much money coming into crypto, why isn’t much [web3] creativity coming out of Indonesia?”
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. Now even more founders have become open to remote teams because of the pandemic.
The round will be used to expand in Indonesia and the Philippines, acquire more esports teams and scale Ampverse’s play-to-earn unit. . Founded in 2019, Ampverse’s portfolio includes Thai esports brands Bacon and MiTH; Vietnamese team SBTC Esports and India’s 7Sea.
Evermos’ founding team (l to r): Arip Tirta, Ghufron Mustaqim, Iqbal Muslimin and Ilham Taufiq. The funding will be used on hiring, enhancing Evermos’ recommendation engine and other AI-based tech, and entering new regions in Indonesia. Image Credits: Evermos. Evermos does not require resellers to buy inventory.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns.
The other one is expanding out to fintech companies—for example, there’s been a big uptick in Indonesia, especially accounting platforms. Suddenly the malls are closed, so we’ve been able to sign some of the bigger retail outlet groups in the market as well.”.
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 funding will be used to expand in the Asia-Pacific region, including Indonesia, the Philippines, Malaysia and Indonesia, and to add new features in response to demand from hospitals and healthcare organizations during COVID-19. MIT and Boston Dynamics team up on ‘Dr.
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. We’re really looking to diversify holdings, leveraging learnings from one market to another,” said Sosrodjojo.
It’s good momentum for us to launch new products and grab the market.”. Pintu plans to use its Series A+ on “aggressive” hiring for all its teams and rolling out new features and products. million crypto investors in Indonesia, or about triple the 2.2 During the first half of 2021, Pintu says app downloads grew by 3.5x
But founder Matthew Joseph Martin soon realized that the startup, backed by investors like Boost VC and Tim Draper, was serving a relatively niche market in the States. So he started researching markets with large populations of Muslim people. Indonesia emerged as the best choice. Meanwhile in Malaysia, where 61.3%
ErudiFi currently works with more than 50 universities and vocational schools in Indonesia and the Philippines. ErudiFi is tackling an underserved market that is plagued with high-interest rates by traditional financial institutions and limited reach from peer-to-peer lending companies.”
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. . This new funding is a testament to our team’s commitment and persistence. trillion in 2020, citing Bank Indonesia’s data. .
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. Localizing for each market can be quite complicated. What downturn?
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.
Indonesia’s sprawling archipelago has long been a headache for logistics companies, but there’s no lack of brave challengers. Founded by Tokopedia veteran Vincent Tjendra , Astro plans to spend its funding proceeds on user acquisition, product development and hiring more staff to add to its current team of 200.
The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. Approximately 200 D2C brands have already started using Plugo’s beta service in Indonesia.
Cryptocurrency transactions in Indonesia hit $60 billion last year , according to the country’s commodities futures trading agency. Crypto exchange and marketplace Reku has been riding the wave with what it says are the lowest fees on the market, and a platform that is aimed at both newcomers and experienced traders. Reku’s team.
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.
Now 10 months later, Pintu chief marketing officer Timothius Martin tells TechCrunch that it has added more tokens, making more a total of 66 available, with more added each month. But since crypto asset ownership still only has a 4% penetration rate among the population, Pintu’s team notes that it has plenty of room to grow.
The team behind HealthXCapital , which invested in and helped health tech startups scale up, has joined Singapore-based Jungle Ventures. It’s never too late to align product-market fit metrics with your company’s values HealthXCapital’s portfolio includes RED.Health, Homage , Medfin and THB.
My first post in this series described how businesses should start when considering expansion into Asia, which is home to some of the largest and fastest growing markets in the world. For example, should they hire in-market consultants, an expatriate based in a hub city, or partner with a local player? Nothing gets done otherwise.
AC Ventures (ACV) , a venture firm focused on early-stage startups in Indonesia and the rest of Southeast Asia, has reached the first close of its fifth investment fund (Fund V). Its fourth fund is focused on Malaysia and run by a separate team). Half of ACV’s leadership team are women and across its portfolio that figure is 40%.
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.
Indonesian social commerce app KitaBeli’s team, including founders Prateek Chaturvedi (seated, right front row and Ivana Medea Tjandra (center front row). For farmers and suppliers, KitaBeli’s value comes from the ability to reach new customers in more areas of Indonesia.
Staff management platform Vara’s team. If you follow startup news from Indonesia, you know that the country’s estimated 60 million small businesses are a hot target for tech companies. It’s hard to break out of this cycle given the current limited accessibility to formal financial infrastructure for this market segment.”.
BukuKas was founded by chief executive officer Krishnan Menon and chief operating officer Lorenzo Peracchione, who met eight years ago while working at Lazada Indonesia. Every two months, he would visit smaller small cities in Indonesia, like Jepara and Cirebon, to source furniture.
The new capital will be used on Glints’ expansion in Singapore, Indonesia, Vietnam and Taiwan and hiring for its product and engineering teams. One of the solutions the report highlighted is hiring teams based in different Southeast Asian countries to address talent crunches in specific markets, like Singapore.
In Indonesia, wagely’s competitors include GajiGesa and Gajiku. Fischer said wagely “created the earned wage access category in Indonesia,” and is the market leader with more than 50 large companies, including state-owned enterprises and multi-national conglomerates.
The way we see the market is that number one, the inefficiency in trucking and cargo shipping has driven up costs materially. 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%.”. The answer is very well-documented. It’s about 8%.
Chehaoduo in India and Carro in Indonesia. . Inspired by the early success of Auto1 in Europe, he decided to return to Latin America to build a similar model, with an exclusive initial focus on Brazil because it is the third largest car market in the world. Indonesia and Mexico,” Nordin said. to the U.K.,
Raena’s team, from left to right: chief operating officer Guo Xing Lim, chief executive officer Sreejita Deb and chief commercial officer Widelia Liu. For those brands, Raena represents a way to enter new markets like Indonesia, which the startup estimates has $20 billion market opportunity. Image Credits: Raena.
Since its seed funding, Tinvio says its client base has increased four times to over 5,000 businesses in Singapore, Indonesia, Thailand and other Asian markets. So Tinvio launched a “super dirty pilot” for on-platform payments late last year in Indonesia, and after validating it, added B2B payments to its core product.
In Indonesia, many logistics providers still use old-fashioned systems to track their operations and fleets, including pen-and-paper ledgers. After returning to Indonesia, the two started McEasy to produce hybrid motorcycles. Indonesia has more than 22.5 McEasy wants to change that.
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. ” Investor momentum builds for construction tech.
Its leadership “sprints” focus on topics like retaining knowledge, and what goes into curating a safe environment for teams. The material differs from other online programs by focusing on more philosophical skills, like how to create a safe environment for teams or how to retain knowledge, instead of topics like like Finance 101.
The company’s Series B, which brings its total raised since 2017 to $41 million AUD, will be used to expand in Southeast Asia and double its total team by hiring 100 new people, including 50 software developers. ” co-founder and co-chief executive officer William On told TechCrunch.
The Indonesia-based financial platform for SMEs announced today it has raised $108 million in Series C funding led by MDI Ventures. Despite that, Indonesia’s yearly funding gap is $80 billion USD, so those who remain unbanked or underbanked are still at a disadvantage. KoinWorks is the latest.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content