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Found in the forests of Papua New Guinea, Indonesia, and Eastern Australia, birds of paradise are famous for flashy feathers and unusually shaped ornaments, which set the standard for haute couture among birds. Many use these feathers for flamboyant mating displays in which they shape-shift into otherworldly forms.
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.
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.
Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. According to the World Bank , Indonesia is the world’s second largest fisheries producer. But Aruna’s founding team saw two major problems while analyzing coastal communities. Series B round. The sector creates about $4.1
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.
While Indonesia isn’t the most crypto active in the region — total crypto value received was less than half of Thailand’s from July 2021 to June 2022, according to Chainalysis — the country is thought to hold huge potential for web3 adoption, thanks to a young and sizable (270 million) population as well as a vibrant Web 2.0
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.
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.
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 strategic partnership will help South Korean e-commerce brands grow domestically and make inroads into more countries in Asia.
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 handles inventory, logistics and customer support.
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. .
This means PasarPolis will be able to offer new products and work with partners like Tokopedia, Gojek, Traveloka, Xiaomi and IKEA Indonesia to create custom insurance policies. . Tap Insurance received a full license for insurance underwriting from OJK (Otoritas Jasa Keuangan, or the Financial Services Authority of Indonesia). .
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.
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
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.
The other one is expanding out to fintech companies—for example, there’s been a big uptick in Indonesia, especially accounting platforms. For example, Wijaya said disbursements, including marketplace refunds, were difficult in Indonesia, so Xendit focused on fixing that. We’re going to hire a whole team on the ground.”.
ErudiFi currently works with more than 50 universities and vocational schools in Indonesia and the Philippines. ” ErudiFi’s Series A will be used on hiring for its product and engineering teams and to expand in Indonesia and the Philippines. 13 investors say lifelong learning is taking edtech mainstream.
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.
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
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.
Pintu plans to use its Series A+ on “aggressive” hiring for all its teams and rolling out new features and products. While the rate of retail investment in Indonesia is still low, its growing quickly because of a confluence of factors , including people’s desire to diversify and increase their assets during the pandemic.
Indonesia-based fintech Pluang announced today it has raised $20 million in a pre-Series B round led by Openspace Ventures, with participation from Go Ventures and other returning investors. “Previously, these assets classes were only available to the wealthy in Indonesia,” said Pluang founder Claudia Kolonas in a statement.
A Zoom screenshot with CoLearn’s founding team: Marc Irawan, Abhay Saboo and Sandeep Devaram. The team sensed that remote learning would permanently change how students want to be tutored and decided to focus completely on its app, which launched in August 2020. This marks the first time both have made an investment in Indonesia.
The team behind HealthXCapital , which invested in and helped health tech startups scale up, has joined Singapore-based Jungle Ventures. Seemant Jauhari, who led HealthXCapital since it was founded eight years ago, is now a partner at Jungle, where he will invest in healthcare startups in Southeast Asia and India.
It plans to double its transaction volumes over the next 12 months, and expand its teams in Singapore, Indonesia, Malaysia, Vietnam and Taiwan from 800 employees to 1,400. The Fazz platform has been rapidly adopted by both small businesses and larger corporations, and we look forward to continuing our partnership with the Fazz team.”.
The startup plans to use the proceeds to beef up its R&D team and hire more engineers, Plugo co-founder and chief executive officer KyungMin Bang said, adding that it currently employs about 30 people. Approximately 200 D2C brands have already started using Plugo’s beta service in Indonesia.
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. Many were still using spreadsheets or basic payroll software.
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.
Cryptocurrency transactions in Indonesia hit $60 billion last year , according to the country’s commodities futures trading agency. Reku’s team. On a relative basis, there’s a tremendous amount of building activity coming out of Indonesia, not just projects but also infrastructure and tools that address the global market.
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. EWA companies are gaining traction around the world, including Wagely and GajiGesa in Indonesia.
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%.
According to data from the Indonesian Commodity Futures Trading Regulatory Agency (Bappepti), the number of crypto investors in Indonesia doubled over the past year to more than 12 million traders, compared to 7 million domestic public equity investors. It will also perform additional hiring, having already doubled its team to 200 in 2021.
Other companies serving SMEs in Indonesia, Southeast Asia’s largest economy, include BukuKas and CrediBook. BukuWarung will use its new funding to grow its tech and product teams in Indonesia, India and Singapore. It plans to launch more monetization products, including credit and grow its payments solution this year.
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.
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. That makes better use of the money spent on fuel, time and dispatch teams. It’s about 8%.
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. The startup, launched last year by husband-and-wife team Vidit Agrawal and Martyna Malinowska, announced a $2.5 million seed round.
startup Ecologi , which uses the funds to plant 1 million trees every 10 days in places like Africa and Latin America, as well as doing things like protecting peatlands in Indonesia. The money will be used for product development, growing its team and expanding in the U.S. That’s partly the thinking behind U.K. million (£4.05
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 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.
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.
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.
Chehaoduo in India and Carro in Indonesia. . For our customers, our dealers, and our team, last year was challenging and scary. Our team worked hard to reinvent our business model around home inspections, so that we could continue doing business in a safe way. Indonesia and Mexico,” Nordin said. to the U.K.,
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