The company also claimed that its revenue from its livestreaming arm has doubled since the start of 2020 and continues to peak every month despite the COVID-19 pandemic.
PasarPolis will use the fund to advance its AI technology and expand deeper penetration in its three operating markets-Indonesia, Thailand, and VIietnam.
The capital will strengthen Traveloka’s balance sheet and boost efforts to deepen Traveloka’s offerings in select priority areas, including building a more robust and integrated travel & lifestyle portfolio in key markets.
The partnership is expected to enable both parties to identify potential investment, assist startup expansion with each other’s strong network, and encourage technology transfer.
The fresh fund, combined with its undisclosed amount of seed funding led by East Ventures in April, is said to have brought its total funding to eight figures.
The three companies aim to provide rural residents in Indonesia with access to healthcare information especially related to the COVID-19 pandemic, for free to patients visiting doctorSHARE's Nusa Waluya II Floating Hospital.
Led by B Capital and Insignia Ventures Partners, the new fund will support Payfazz in strengthening its network in Indonesia’s rural economy and exploring opportunities in expanding across Southeast Asia.
Securing a large amount of funding amid the pandemic shows investors’ trust in Social Bella in becoming a prominent player in Indonesia’s $8.5 billion beauty and personal care market.
The fund aims to raise a total of $88 million to help Southeast Asian digital companies emerging in the post-lockdown aftermath of the COVID-19 pandemic.
Bringing Fabelio's total funding to $20 million, this round aims to accelerate the development of Fabelio's supply chain network of logistics hubs and experience centers.
By using technology, Ula provides small retailers with better sourcing and access to working capital, which can leverage their position in grabbing market opportunity.
GoPlay will be using the capital injection to develop its technology to serve both filmmakers and audiences better in making and gaining high-quality local film and series.
The Czech Republic has a long and good relationship with Indonesia. Former Czechoslovakia was among the first countries to support the newly established Republic of Indonesia. This year, both countries celebrate 70 years of mutual diplomatic relations.
As a response to COVID-19 pandemic, Bonza uses a math algorithm to project COVID-19 Effective Reproduction Numbers (Rt), which measures the virus’ rate of spread in each Indonesia province to support government policies.
The funding serves as a strategic partnership between Delman and the three investors, and will enable Delman’s expansion in developing a big data management ecosystem
Focusing on culinary business support, five startups chosen to participate in the venture building program all have purposes that could leverage culinary business. Four of them are Indonesia-based.
