TechCrunch

DECEMBER 28, 2021

It’s the easiest option when I’m trying to be succinct, but Southeast Asia consists of 11 countries, and obviously there are huge differences between, say, Singapore, Myanmar, Laos, Vietnam, the Philippines and Indonesia. A close look at Singapore’s thriving startup ecosystem. million people.

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Indonesia Asia Singapore Aggregator 122

TechCrunch

JANUARY 11, 2021

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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Indonesia Platform Asia India 95

TechCrunch

SEPTEMBER 2, 2021

Its products currently include motor and travel insurance policies that can be purchased online, and Sunday Health for Business, a healthcare coverage program for employers. The new funding will be used to expand in Indonesia and develop new distribution channels, including insurance agents and SMEs.

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Indonesia Thailand Asia India 98

TechCrunch

SEPTEMBER 21, 2021

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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Indonesia Social Asia Product 98

TechSpot

JANUARY 12, 2021

Two different online retailers -- the Singapore-based Shopitree and Indonesia's GSShop -- have listed a March 12 release date for Mass Effect: Legendary Edition. Ordinarily, retailer launch dates are rather meaningless, since they're often little more than placeholders or a company's best guess.

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Effective Indonesia Singapore Online 109

TechCrunch

DECEMBER 22, 2020

But in markets like Indonesia, many still use digital wallets or e-commerce platforms, creating alternative sources of user data that can help them secure working capital and other financial tools. Once it completes the program, it will be able to partner with more fintech companies in Indonesia, including bigger institutions.

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Singapore Open Indonesia Asia 107

TechCrunch

MAY 29, 2022

Indonesia’s sprawling archipelago has long been a headache for logistics companies, but there’s no lack of brave challengers. As in many countries around the world, on-demand delivery got a boost during the COVID-19 pandemic in Indonesia. The e-grocery delivery market in Indonesia is projected to reach $6 billion by 2025.

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South Korea Indonesia Work Raise 101

TechCrunch

JANUARY 10, 2022

London-based Kodland , which started out back in 2018 offering in-person courses for children to learn digital skills like computer programming before switching focus to online learning from early 2020, has closed a $9 million Series A funding round to scale into more markets. Ireland, the U.S.,

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Teach Skills Digital Online 99

TechCrunch

MAY 19, 2022

Xendit now has over 3,000 customers, including Samsung Indonesia, GrabPay, Ninja Van Philippines, Qoala, Unicef Indonesia, Cashalo and Shopback. Credit card penetration is extremely low especially in countries like Indonesia, so we have to help merchants offer alternative payment methods.”. billion to $15 billion. In the U.S.,

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Indonesia Philippines Asia Malaysia 99

TechCrunch

MARCH 4, 2021

SiCepat , an end-to-end logistics startup in Indonesia, announced today it has raised a $170 million Series B funding round. Its services now also cover warehousing and fulfillment, middle-mile logistics and online distribution. The logistics industry in Indonesia is highly fragmented , which means higher costs for businesses.

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Indonesia Raise Asia Fund 102

TechCrunch

MARCH 2, 2021

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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Indonesia Raise Offline Statistics 87

TechCrunch

JUNE 9, 2021

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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Indonesia Singapore Digital Fund 101

TechCrunch

MARCH 22, 2023

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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Indonesia Asia Offline Vietnam 87

TechCrunch

APRIL 19, 2021

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.

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Indonesia Asia Student Offline 88

TechCrunch

AUGUST 23, 2021

Called SoBanHang (or “sales book”), it would help businesses that usually rely on paper ledgers digitize their operations, similar to Khatabook in India and BukuKas and BukuWarung in Indonesia. The team held a hackathon and came up with a new product for retailers to create online stores and manage orders.

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Vietnam Online Help Time 99

TechCrunch

DECEMBER 14, 2022

Approximately 200 D2C brands have already started using Plugo’s beta service in Indonesia. The Singapore-based startup with offices in Indonesia and South Korea intends to launch its service officially in Indonesia in the first quarter of next year. Bang founded Plugo two months ago with five founding members.

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Asia Indonesia Platform Support 79

TechCrunch

SEPTEMBER 14, 2021

In July, it announced a strategic investment in legacy online payments platform Dragonpay. The other one is expanding out to fintech companies—for example, there’s been a big uptick in Indonesia, especially accounting platforms. Indonesian payments infra startup Xendit raises $64.6M in Accel-led Series B. One big segment are SMEs.

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Philippines Global Indonesia Fund 99

TechCrunch

JANUARY 12, 2021

BukuKas , one of several startups helping SMEs go online, announced today it has raised a $10 million Series A led by Sequoia Capital India. 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.

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India Indonesia Software Raise 81

TechCrunch

NOVEMBER 10, 2021

Indonesia-based startup GoTo Group announced today it has secured more than $1.3 billion transactions in 2020, with gross transaction value of over $22 billion, contributing to more than 2% of Indonesia’s GDP. Indonesia has more than $1 trillion in GDP with a population of 270 million. Goto Group claims that it generated over 1.8

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Group Indonesia Asia Raise 86

TechCrunch

MARCH 24, 2021

KitaBeli currently focuses on selling fresh produce and fast-moving consumer goods (FMCG) in areas outside of Indonesia’s major cities, including to people who have never shopped online before. For farmers and suppliers, KitaBeli’s value comes from the ability to reach new customers in more areas of Indonesia.

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Indonesia Social Asia Group 80

TechNode

DECEMBER 6, 2023

TikTok is reportedly nearing a deal that will help the short video app restart e-commerce operations in Indonesia, its second-largest market, nearly three months after it suspended its shopping feature in fear of being banned by the Indonesian government. Bloomberg ]

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Indonesia Local Pledge Government 52

TechCrunch

APRIL 27, 2023

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

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Indonesia Malaysia Profit Asia 98

TechCrunch

FEBRUARY 9, 2022

Financial apps are proliferating across Southeast Asia, making things like bookkeeping or securing an online loan easier. But this means fintechs need access to large amounts of data that they can use to verify customer identity, creditworthiness or aggregate information from online accounts.

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Asia Open Indonesia Philippines 82

TechCrunch

MAY 21, 2021

Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow. This year, it plans to focus on expanding within Indonesia because the F&B (food and beverage) market there is worth $137 billion and the Indonesian agriculture sector is still highly fragmented, Pamitra said. Rakuten and Beyond Next invest $1.4M

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Group United Arab Emirates Platform Indonesia 100

TechCrunch

FEBRUARY 2, 2021

Like Khatabook, BukuWarung helps small businesses, like neighborhood stores called warung, that previously relied on paper ledgers, transition to digital bookkeeping and online payments. Other companies serving SMEs in Indonesia, Southeast Asia’s largest economy, include BukuKas and CrediBook.

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Digital Fund Indonesia Raise 89

TechCrunch

JULY 7, 2021

Many teachers and parents in Indonesia rely on WhatsApp to keep in touch, creating “multiple groups that often become messy and highly ineffective, and result in confusion or lost threads,” says Rizky Aniez, the co-founder and chief executive officer of Gredu. InfraDigital helps Indonesian schools digitize tuition and enrollment.

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Student Indonesia Raise Education 88

TechNode

JANUARY 20, 2025

The trial service will be available in more than 80 cities attracting Chinese tourists across South Korea, Singapore, Malaysia, Indonesia, Vietnam, and other regions. The service includes a Chinese-language interface, online payment, and customer support in Chinese, making it easier for users from China to hail rides abroad.

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South Korea Service Malaysia Indonesia 84

TechCrunch

JANUARY 10, 2022

The Indonesia-based financial platform for SMEs announced today it has raised $108 million in Series C funding led by MDI Ventures. Demand increased as more businesses went online during the COVID-19 pandemic and the startup says its user base tripled to 1.5 KoinWorks is the latest. There’s still a lot of room for improvement”.

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Platform Indonesia Vietnam Singapore 99

TechCrunch

MAY 17, 2021

BukuKas was founded by Menon and chief operating officer Lorenzo Peracchione, who met while working at Lazada Indonesia. Since its launch as as a digital bookkeeping app in December 2019, BukuKas has added new features, including online payments and an e-commerce platform. of Indonesia’s gross domestic product.

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Indonesia India Digital Goal 87

TechCrunch

AUGUST 19, 2021

Ficari, who also co-founded neobank Aspire , told TechCrunch that Lifepal was created to make comparing, buying and claiming insurance as simple as shopping online. Indonesia’s insurance penetration rate is only about 3% , but the market is growing along with the country’s gross domestic product thanks to a larger middle-class. “We

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Raise Indonesia Policy India 106

TechCrunch

JULY 17, 2022

The funding will be used to expand into more small cities in Indonesia, and add new product categories like beauty, personal care and mother and baby products. The startup says it has grown more than 10x in six months and claims to be the largest direct-to-consumer social commerce platform in Indonesia.

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Indonesia India Social Social Network 95

TechCrunch

JULY 27, 2022

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

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Indonesia Malaysia Philippines Application 90

TechCrunch

MAY 7, 2021

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. GajiGesa is part of a new wave of startups focused on digitizing the 60 million small businesses in Indonesia. million seed round.

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Indonesia India Asia Accessibility 95

TechCrunch

DECEMBER 7, 2020

Shippit is considering expansion into the Philippines and Indonesia, too, and expects its Southeast Asian business to grow 100% year-over-year for the next three years at minimum. The increase in online sales combined with instability in the supply and logistics chain during COVID-19 has highlighted the importance of software like Shippit.

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Global Asia Australia Platform 108

TechCrunch

MARCH 3, 2021

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. ” Singapore-based Xfers Lands $2.5M

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Group Indonesia Singapore Asia 75

TechCrunch

SEPTEMBER 27, 2021

.” The round led by Insignia Venture Partners, with participation from CCV (Central Capital Ventura, the investment arm of Bank Central Asia, the largest privately-owned bank in Indonesia), and Armand Ventures. Verihubs is currently focused on Indonesia, with plans to expand into other Southeast Asia markets eventually.

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Indonesia Data Asia Philippines 83

TechCrunch

JULY 12, 2021

Today Carsome Group , one of the region’s largest online used car marketplaces, said it plans to acquire listings platform iCar Asia in a transaction worth more than $200 million. Carsome said its investment in PT Universal will allow it to double its automotive transaction volumes in Indonesia. Carsome has agreed to acquire 19.9%

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Asia Group Malaysia Indonesia 105