Startup news
Indonesia
April, May & June 2019
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- Indonesia: Grab ride-hail giant launches Thinkubator Startup Competition nationwide
- Indonesia: Ministry of Communications and Information NextICorn Foundation launched to aid development of the country’s startup ecosystem
- Indonesia: BCA banking giant launches coworking space and Synrgy fintech accelerator program
- Indonesia: TokoTalk platform raises US$3.2M with chat-based e-commerce for sellers on social media such as Instagram
- Indonesia: Traveloka online travel agency giant expands into lifestyle market
- Indonesia: Bali Business Foundation Program launches for international startups and entrepreneurs
- Indonesia: Startup Weekend Jakarta 2019 set for April 5-7
- Indonesia: Sicepat Ekspres logistics startup raises $50M series A, one of the region’s largest
- Indonesia: Universitas Indonesia enters collaboration with Tokopedia e-commerce giant for Artificial Intelligence Centre of Excellence
- Indonesia to launch Sharia Economy Masterplan in May to support national economic development for world’s largest in-country Muslim population
- Indonesia’s ridesharing giant, Grab, integrates with Expensify expense tracking software firm to automate expense tracking and reimbursement for Grab users
- Indonesia: Medigo health-tech startup lands seed funding with suite of digital platforms
- Indonesia: Ekrut recruitment platform secures pre-A funding with 120K candidates on board
- Australia’s Coca-Cola Amatil VC arm scouting Indonesia for startup investments, expecting growth following trade deal
- Indonesia: Asia-Pacific Economic Cooperation Business Advisory Council meeting set to discuss APac startups and funding
- Indonesia’s Go-Jek introduces online mall and comic reader to core in step towards all-in-one ‘super-app’
- GK-Plug and Play Indonesia graduates 16 new startups and names new partners
- AWS to open new AWS Asia Pacific (Jakarta) Region in Indonesia
- Indonesia: DOOgether fitness studio and classes booking startup gains funding
- Indonesia: The winners of the recent Startup Weekend Jakarta 2019
- Indonesia: GOJEK ride-hail giant estimated to have added over $3BN to Indonesian economy in 2018
- Indonesia: Gojek ride-hailing giant breaks US$10BN valuation
- Indonesia: Bank Mega midsize bank to unveil mobile payment service aiming to challenge to Go-Jek and others
- Indonesia: Kedai Sayur tech startup secures $1.3M with focus on vegetable hawkers
- More on the UI Works Accelerator Program, a partnership between the University of Indonesia and Grab ride-hailing giant
- Indonesia: TaniGroup startup secures $10M with agriculture marketplace and peer-to-peer lending
- Indonesia: Bibit Mutual fund investment app partnered by Go-Pay, Go-Jek’s e-wallet platform
- Indonesia: ALAMI sharia-compliant fintech aggregator and peer-to-peer financing platform gains funding
- Indonesia: Bukalapak e-commerce giant launches BukaGlobal for overseas growth
- Indonesia: Gov’t-backed 1001 Digital Startup Movement launched with program to be conducted in 15 major cities
- Indonesia: Greenhouse raises near $2.8M with coworking and SE Asia-focused market entry activities
- Indonesia: Gradana P2P lender gains pre-A funding from Singapore’s Tryb fintech-focused investment firm
- Indonesia: Stockbit stock trading platform secures A funding with focus on millenials
- Indonesia: PasarPolis insurance-tech startup preps for Thailand and Vietnam expansion with multi-sector approach
- Tech in Asia Conference 2019 set for 8-9 October in Jakarta, Indonesia
- Indonesia: Grab launches GrabBajay with Jakarta Transportation Agency, providing hyperlocal transport on 3 wheels
- Indonesia: Ministry of Industry announces October IoT hackathon, aiming for ideas to prototype around smart city issues
- Indonesia: Advotics raises US$2.7M to help supply chain stakeholders to digitise their processes
- University of Indonesia and Grab sign MOU around UI Works Accelerator Program
- Indonesia: Go-Jek partners Tiket travel bookings startup for Go-Travel to compete with Traveloka
- Indonesia: KoinWorks P2P SME lending platform raises $12M with 300K user base
- Indonesia: Kopi Kenangan raises $20M to expand coffee business overseas
- Indonesia: The Fit Company sets sights on the wellness ecosystem with platform aiming to unify all things health-related
- Bank Indonesia central bank launches Quick Response Indonesia Standard code system, aiming to homogenise cashless payments nationwide
- Indonesia: Feedloop SaaS-based interactive content marketing platform focusing on brands gains backing from East Ventures early-stage VC fund and angel investors
- Indonesia: Bandung Institute of Technology’s Agribusiness Smart Information System app aids farmers to judge the perfect time to plant, fertilise and harvest
- Indonesia: Running Remote, remote work-focused conference, set for 29-30 June in Bali
- Indonesia: Bank BCA unveils 8 startups to participate in fintech-focused SYNRGY Accelerator Program
- A broad overview of Indonesia’s startup ecosystem in the context of CIVETS countries – Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa
- Indonesia and Italy discuss digital economy collaborations on G20 sidelines, including Startup Exchange Program, Technology Promotion Program and more
- An overview of Indonesia’s tech and startup news from the past month
- Indonesia: Alpha JWC Ventures’ second fund backed by Japan’s NS Solutions Corporations with primary focus on Indonesia’s tech startups
- China: bAce Capital VC firm raises $100M with $150M target to focus on early-stage Indonesian and Indian startups
- Indonesia’s Go-Jek acquires India’s AirCTO recruitment platform with sights set on super-app development
- Malaysia’s Orion IXL preps for first overseas roll-out into Indonesia, with AI-backed loans management and microfinancing
- Philippines: Weepay forms JV with Indonesia’s Passpod to launch modem rental service
- Singapore Tourism Board partners Indonesia’s Traveloka and China’s Alibaba for marketing, content and consumer analytics
- Thailand and Indonesia aiming to push creative industry growth with growth target of 5% per year, focusing on fashion, design and broadcasting
