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.
HappyFresh , the on-demand grocery app based in Indonesia, announced today it has raised a $65 million Series D. with participation from STIC, LB and Mirae Asset Indonesia and Singapore. It continues to operate in Indonesia, Malaysia and Thailand. The round was led by Naver Financial Corporation and Gafina B.V.,
Ajaib Group , an online investment platform that says it now runs the fifth-largest stock brokerage in Indonesia by number of trades, announced it has raised a $25 million Series A led by Horizons Ventures, the venture capital firm founded by Li Ka-Shing, and Alpha JWC.
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.
The rapid growth of e-commerce in Indonesia, especially during the pandemic, is placing increasing demands on its supply chain infrastructure. According to research institution Statistics Indonesia, there are about 5 million small and medium-sized manufacturers in Indonesia. Indonesia’s Kargo comes out of stealth with $7.6M
BukuWarung , a fintech focused on Indonesia’s micro, small and medium enterprises (MSMEs), announced today it has raised a $60 million Series A. The oversubscribed round was led by Valar Ventures, marking the firm’s first investment in Indonesia, and Goodwater Capital.
The funding will be used on hiring, enhancing Evermos’ recommendation engine and other AI-based tech, and entering new regions in Indonesia. Its goal is to reach more than one million resellers throughout Indonesia over the next five years. For example, it has to be halal, if it’s fashion it has be modest fashion.”.
Indonesian startup CoLearn started as a chain of physical tutoring centers and was in the process of shifting to a hybrid offline-online model when the COVID-19 pandemic hit. 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.
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.
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
TipTip wants to help them build up followers in their communities using an offline/online strategy, and monetize by selling content instead of relying on advertising algorithms. It is currently focused on Indonesia, with a presence in 40 cities. But many of them don’t have the social media clout to attract advertisers.
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. In Thailand, Ascend Money has about 70% of market share based on its own research, Thamavaranukupt said.
Carsome hasn’t confirmed the funding, but it has been making moves to expand its reach, including a strategic investment in PT Universal , an offline car and motorcycle auction company that has retail branches in five Indonesian cities. Automotive marketplace Carro hits unicorn status with $360M Series C led by SoftBank Vision Fund 2.
The Indonesia-based financial platform for SMEs announced today it has raised $108 million in Series C funding led by MDI Ventures. As many as 20% of businesses shifted their sales channels offline to online during the pandemic, and 89% of businesses now use online channels to sell their products and services,” he said.
The issue was quite common among used car dealers in Indonesia, according to Laras, and that was how he came up with the idea of Broom. The company recently soft-launched its first offline showroom where its dealer partners can showcase their inventory to more end customers. of new automotive sales in Southeast Asia. billion by 2027.
Working in this way, retailers often give up too much margin, on average 20% to 30%, including markups, which makes offline options prohibitive to everyone but the largest brands. In addition, shipping is expensive, so many retailers pick up their own inventory from the distributor. Meanwhile, Miferia is still in its early stages.
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. Before founding Edupia, Hung spent 10 years as director of digital services at Viettel, the largest telco in Vietnam.
As part of the deal, Payfazz, an agent-based financial services network in Indonesia, invested $30 million into payments infrastructure provider Xfers. In Indonesia, Payfazz has built a network of 250,000 financial agents to reach people in rural areas where many banks don’t operate branches.
BukuKas was founded by Menon and chief operating officer Lorenzo Peracchione, who met while working at Lazada Indonesia. of Indonesia’s gross domestic product. According to Bank Indonesia, the country’s central bank, there are about 60 million SMEs , though Menon says that number may range from 55 million to 65 million.
“The same kind of experience a customer has today on a marketplace like Lazada—the convenience, all digital, fast delivery—we saw was lacking in insurance, which is still operating with offline, face-to-face agents like 20 to 30 years ago,” he said. to grow its insurance platform in Indonesia. Qoala raises $13.5M
In Indonesia, arisans are traditionally rotating savings and credit associations (RSCA) that let groups of people, primarily women, save and borrow money together. Mapan is currently available in Java, Bali, Sumatera, Nusa Tenggara and Sulawesi, with plans to expand into the rest of Indonesia. and a McKinsey consultant.
The COVID-19 pandemic reshaped the education industry, heating up the global edtech startups that made online education more accessible for a wider population, for example in countries like India and Indonesia, Aziz mentioned.
It is currently used by over 10,000 merchants in Singapore and Malaysia, with plans to expand into more Southeast Asian markets, including Thailand, Indonesia and the Philippines. HitPay’s no-code platform allows SMEs to unify their online and offline payment stacks. The Y Combinator alum announced today that it has raised $15.75
Chinese media outlet 36Kr quoted a TikTok service provider in Indonesia as saying that some of the short video apps users are already exposed to discounted meal deals in their TikTok feed as part of an initial beta test in Indonesia and Thailand. 36Kr, in Chinese ]
Indonesia is one of the fastest-growing consumer markets in the world, but consumer data is still hard to find for many businesses, especially smaller ones. But it’s something that’s not available in developing countries like Indonesia,” where many companies still conduct research offline despite its very high smartphone engagement rates.
It operates in the United States, South Korea, Singapore, the Philippines and Indonesia. Summer International brands are sold through a mix of digital and offline channels, including e-commerce platforms, social and live commerce platforms and big box stores.
million USD) and above, and will set up another office in Thailand, with plans to expand into Indonesia as well. The-Wolfpack plans to help them set up a physical studio to create an offline experience, too. The firm is already looking to raise a second fund, with a target of $20 million SGD (about $14.9
On a return trip to Southeast Asia (McIntosh was born and raised in Indonesia), she observed the rise of social commerce, or people selling through social media like Instagram and WhatsApp, and was surprised to see it was similar to all the manual work she had put into her online bakery years earlier.
The duo looked at several startups in Indonesia and India and found the Asian markets were seeing similar consumer internet trends play out — just at a different pace. After exiting two startups, Adan and his brother Adeel Shaffi got the idea of launching PriceOye when they were doing “a lot of island hopping” in Southeast Asia.
Kredivo will use the debt facility to help achieve its goal of serving 10 million customers in Indonesia. Credit is one of the largest and most complex areas of the financial services ecosystem and the fact is that Indonesia is deeply underserved on that equation,” he said. a month, or a maximum annual rate of 53.36%.
“But that big transition, switching from offline to online, has left kids struggling because teachers have so much more to do, so they can’t engage in the same way.” The news comes on the heels of dramatic growth for the company, which has seen its user base grow from 150 million users in 2019 to 350 million today.
H2O Hospitality will expand its business further by adding various types of accommodations in South Korea and Japan in 2021 and 2022 and plans to enter Singapore and Indonesia in 4Q in 2022 in line with its Southeast Asia penetration strategy, according to H2O Hospitality co-founder and CEO John Lee.
Yanolja Cloud automates online and offline operations and helps hotel operators to generate more revenues by offering personalized service to guests at a lower cost. Indonesia, the Philippines, India, and Africa as of September year on year. .
Upmesh will use part of its new funding to double down on the Philippines and Malaysia for at least another six months, but it also wants to enter Indonesia, Thailand and Vietnam. “The way the software is structured has to be very customized to the individual markets,” Wong said. If we look at an interesting comparison to the U.S.,
The new capital will help Backpackr make a foray into Southeast Asia, including Singapore, Hong Kong, Taiwan, Indonesia, Thailand, Vietnam, Malaysia and the Philippines, in the second quarter of this year with an ambition to become the Etsy of Asia, Kim said in an interview with TechCrunch. .
Shikho plans to double-down on its user acquisition strategy, including offline sales teams in front of schools, at the end of the year after launching its app for parents. . Chowdhury says that paying users have high engagement rates, typically spending about 45 to 50 minutes daily in the app.
He also dealt with deliveries that could not be tracked and arrived late and offline payment and invoicing processes that were long and frustrating. Putra said it often took days for him to source a single item, including time spent checking with multiple vendors for pricing and availability.
Gadi told TechCrunch that FLIK’s team is experienced in the payments and merchant business, both offline and online. “We Before founding FLIK, Gadi’s previous startups included Pawoon , a point-of-sale platform that enables businesses to accept digital payments. FLIK co-founder and CEO Ahmad Gadi.
It comprises multiple countries like Indonesia with 600 million people, Thailand, Malaysia, Singapore, and the Philippines, each with very different markets. When we first set out to solve this problem, we focused on the customers’ pain points.
Whether you're planning a spring trip to Paris or a surf trip to Indonesia, learning your destination's language is a smart idea. You can even bring lessons with you as you travel for review sessions or to keep up with your learning goals, since Babbel's lessons can be downloaded and accessed offline.
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