September’s month-end tech & startup news from Indonesia
Tech and startup news from Indonesia in September 2021 touched on headlines in subject areas including: venture capital funding focused on Indonesia’s startups; Indonesia’s e-commerce sector analysis; third-party funding for Indonesia’s rural banks; social commerce focused on Halal goods for Muslim customers; and more.
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- Indonesia: “Ovo is the most frequently used e-wallet app…with market share of 31%…followed by GoPay (25%), ShopeePay (20%), Dana (19%), and LinkAja (4%)…”
- Ethis, parent firm of Shariah-compliant impact-focused crowdfunding platforms in Indonesia and Malaysia, gains $1.64M pre-Series A funding
- Indonesia: Sirka backed by Sequoia, Y Combinator and others to help people with diet-related chronic health conditions change habits by connecting them to dietitians
- “Indonesia…is seeking to build this…from computational thinking training for schoolteachers through to public-private partnerships for nurturing talented young developers”
- Indonesia: Segari online grocery platform raises $16M Series A funding in round led by Go-Ventures, investment arm of Gojek ride-hailing giant
- Indonesia: Intudo Ventures Fund III closes at $115M with focus on investing exclusively in homegrown Indonesian startups
- Indonesia: Vida gains funding, focusing on digital signature and identity authentication services to improve the security of electronic transactions for MSMEs
- Download: E-Commerce in Indonesia – Impressive Growth but Facing Serious Challenges (pdf)
- Indonesia: McEasy logistics-tech startup raises $1.5M with Software-as-a-Service solutions for vehicle management and tracking
- Unicorn Pitches Indonesia online event set for September 23rd – startup pitch applications close September 17th
- Indonesia: Komunal fintech raises $2.1M Series A with platform allowing rural banks to source third-party funding and syndicate lending
- Indonesia: Evermos social commerce startup gains $30M with focus on halal products and items for Muslim customers
- Oy! Indonesia payments aggregator raises $30M Series A, led by Softbank, with platform providing a payments and transfer bridge for online and offline payments
- Indonesia: Dropezy raises $2.5M aiming for 20-minute deliveries to customers near to growing network of ‘micro fulfillment’ distribution hubs
- Video: Presentations and pitches from the 10 startups that took part in the recent Unicorn Pitches Indonesia Q4 2021 online event
- Indonesia: 15 startups selected for Batch 3 of Startup Studio Indonesia incubation program, working in health-tech, supply chains, social commerce, fintech and more
- Indonesia: Verihubs raises $2.8M with tech cutting KYC processing time, using AI-driven authentication and APIs allowing verification of returning customers via SMS and more
- Singapore: Forge Ventures launches $21.88M debut fund, looking to invest in 15 SEA companies over 3 years and focusing on Singapore and Indonesia
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