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Indonesia-based grocery app HappyFresh reaps $65M led by Naver Financial and Gafina

TechCrunch

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. Resurgent HappyFresh raises $20M for its online grocery service in Southeast Asia. It continues to operate in Indonesia, Malaysia and Thailand.

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Indonesian investment platform Ajaib gets $25 million Series A led by Horizons Venture and Alpha JWC

TechCrunch

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.

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Southeast Asian credit fintech Kredivo scores $270M Series D

TechCrunch

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.

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Indonesian halal-focused social commerce startup Evermos lands $30M Series B

TechCrunch

Evermos is an Indonesian social commerce startup with two goals: to let people earn extra income by opening online stores without spending capital and to help small brands grow into household names. Its goal is to reach more than one million resellers throughout Indonesia over the next five years. Image Credits: Evermos.

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Indonesian supply chain startup Advotics raises $2.75M led by East Ventures

TechCrunch

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

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Indonesian edtech CoLearn gets $10M Series A led by Alpha Wave Incubation and GSV Ventures

TechCrunch

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. CoLearn started its offline in business in 2018, before shifting to a hybrid model.

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BukuWarung, a fintech for Indonesian MSMEs, scores $60M Series A led by Valar and Goodwater

TechCrunch

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.

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