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.
The Ministry of Finance has decided that 10% VAT will be imposed on digital products such as music streaming & film subscription, games, and online services coming from abroad - in order to create a level playing field to all business players.
The loan facility will be utilized to support the operational needs, capital expenditure, and refinancing requirements of PT Chandra Asri Petrochemical
They had signed an agreement to build a coal-to methanol production facility in Bengalon, East Kalimantan, and are committed to taking the methanol production off to sell in Indonesia by 2024
An extension to its pre-series A round was led by Accion Venture Lab, and will be used to expand its technology and platform to to help underserved students and schools impacted by COVID-19 pandemic
The financing is divided into two projects, one for Indonesia's Social Assistance Reform Program and the other goes as COVID-19 Supplemental Financing for Indonesia's First Financial Sector Reform Development Policy Loan
GFC continues to back Klikdaily following its pre-series A funding round in mid-2019. The startup has seen significant growth due to growing demand amid pandemic.
Indosat Ooredoo booked a Rp 6.5 trillion revenue in Q1-2020 as a result of its fast actions in responding to the COVID-19 pandemic - including implementing health and safety protocol and accelerating network rollout plan.
TOWR is allocating Rp 3-3.5 trillion in capital expenditures this year, which will be mainly used to construct the fiber optic cables and to add around 2000-3000 new tenants
Indonesia's low insurance penetration rate, added with rapid growth of mobile users and middle-income class provide a promising opportunity for insurtech in Indonesia.
The fund will be used to help enhance financial inclusion in Southeast Asia, and to create positive impact toward Indonesian economy by reaching more SMEs.
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Tokopedia appoints former chief of central bank Agus Martowardojo as president commissioner as the company enters a new growth phase and develop its ecosystem to be infrastructure-as-a-service (IaaS)
Berlin is making the first step to bridge opportunities with Asia, creating the first intercontinental startup ecosystem with wide areas of collaboration for both sides.
