January, February, March 2020
Each link below leads to the original Indonesian startup news article for that headline, gathered from online Indonesia-focused technology news coverage in Q1 of 2020 – the months of January, February and March of 2020.
Our quarterly Indonesian startup news listings provide an at-a-glance listing of the startup headlines for Indonesia as a quick reference on the country’s early-stage startup scene as a primary focus and, where applicable, as coverage of Indonesia’s startups making waves in wider Southeast Asia and overseas.
Startup News Asia’s quarterly summaries can also be ordered online in hardcopy, printed, bound and delivered. Our hardcopy publications feature scan-able links to connect you from print to each headline’s online news article using the Startup News Asia mobile app, or any similar app you already have on your device.
January 2020 | February 2020 | March 2020
Indonesia: January 2020
- Indonesia’s central bank reportedly may impose fixed fees on some e-wallet transactions
- Indonesia: Will credit cards be overtaken by PayLater services in 2020, given 2019’s adoption by mobile wallet and e-commerce players?
- Indonesia: SVARA media and broadcasting startup raises pre-A funding, in part via Myanmar’s UMG Idealab corporate VC firm
- Huobi Indonesia adds fiat-to-crypto gateway, increasing offering to 250 cryptocurrencies
- Indonesia: Waresix gains additional $11M extended Series A to connect shippers and businesses with available trucks and warehouse space across Indonesia
- Indonesia: Hacktiv8 bootcamp for developers raises $3M pre-A wtih solution turning absolute beginners into job-ready web developers in 12 weeks
- Indonesia: Akseleran fintech startup raises $8.55M Series A with MSME-focused peer-to-peer lending
- ICYMI: Indonesia set to become Southeast Asia’s biggest stock market, overtaking Singapore and Thailand
- Indonesia: Moladin startup raises pre-series A with one-stop motorcycle e-commerce platform, spanning information, financing, purchasing and after-sale
- Indonesia: Amazon Web Services to build infrastructure region and 3 availability zones in Jakarta by end of 2021 or early 2022
- Indonesia: Gredu education-tech startup secures pre-A funding from Vertex Ventures, VC arm of Singapore’s state-owned Temasek Holding
- Indonesia: Grab ride-hailing giant partners Hyundai to launch GrabCar Elektrik, electric taxi service based out of Soekarno-Hatta International Airport
- Indonesia: ZULU wearable tech firm confirms investment from Gojek
- Indonesia: Blibli e-marketplace opens cashless, cashier-less bricks-and-mortar store, taking their cue from Amazon Go
- An intro to 5 startups selected for the People Matters TechHR Startup Program 2020, working on aspects of employment
- Anyplace, online marketplace offering extended stays without long-term commitment, expanding to APAC, partnering Singapore’s lyf and Indonesia’s Outpost
Indonesia: February 2020
- Indonesia: eFishery aquaculture startup aiming to raise $15M with solutions for fish and shrimp farming, smart feeder and cloud-based dashboard and data platform
- CoWorking UnConference Asia 2020 set for Bali, Indonesia, March 5-7
- Indonesia: East Ventures Digital Competitiveness Index 2020 released, mapping digital economic growth in the country’s 34 provinces and 24 major cities
- Indonesia: UMG Idealab Indonesia unveils one of its investments, a working prototype of an airborne electric taxi called Frogs
- Indonesia: Zenius Education secures $20M series A with online learning focused on understanding concepts and scientific reasoning, not just memorization
- Indonesia’s GoJek partners PasarPolis for GoSure insurance, offering travel insurance, motor vehicle and mobile device protection
- Indonesia: An overview of Nongsa D-Town, aiming to be a digital talent and innovation hub for Southeast Asia
- Indonesia’s ride-hailing giant, Grab, acquires Singapore’s Bento Invest robo-advisory startup, aiming for a rebrand as GrabInvest to move into retail wealth managment
- Indonesia: Cabinet ordered to speed up $33BN project moving capital from Jakarta to forested Borneo island to ensure new ‘Silicon Valley’-like city is ready by 2023
- Indonesia: gudangada online B2B marketplace for fast-moving consumer goods gains seed funding with 500-city coverage already claimed
- Indonesia and Malaysia to gain from expansion of UK’s Skymind Global Ventures, and artificial intelligence-focused startup fund and accelerator
- Indonesia: Printerous on-demand online printing and packaging platform gains Series A funding, with over 250 printing and logistic service providers partnered
- Indonesia: An intro look at Greenly, fast-casual food retail providing salads, grain bowls, juices, smoothies and other healthy products, backed by East Ventures
- Indonesia to reform labor laws, making it easier for startups and businesses to hire foreign talent, in the hope of boosting in-country skills
- Indonesia: An intro to the 9 startups selected for Gojek Xcelerate’s 3rd batch, working in a range of social impact businesses
- Indonesia: Gojek on-demand services app giant purchases minority stake in PT Blue Bird, a major local taxi operator, for $30M
- Indonesia: Traveloka, SE Asia’s largest online travel firm, launches second credit card, this time partnering with state-owned Bank Mandiri
- A brief intro to Indonesia’s vision for a ‘digitised service government’ by 2025, part of public service reform promised by the President
- Indonesia: GoFood partners Digitaraya and Kopi Kenangan CEO to launch Digitarasa food-focused startup accelerator, aiming for 4 cohorts this year
- A brief intro to 12 of Asia’s legal-tech startup founders and their businesses
Indonesia: March 2020
- Microsoft set to explore building data centres in Indonesia, potentially joining cloud giants Amazon Web Services, Google Cloud and Alibaba Cloud
- Indonesia: State-owned Telkom to launch new VC fund of up to $500M, building on the success of its two existing funds
- Indonesia: Digiasia fintech gains Mastercard as lead investor in Series B round, aiming to widen financial services access for individuals and SMEs
- Indonesia: A look at the issues of gaming and gadget addiction in children and teens in the country
- Indonesia: Grab Ventures Velocity opens 3rd Accelerate Startups Growth program for applications
- Indonesia: A 7-point introduction to the Traveloka PayLater Card
- Indonesia: Standard Chartered launches nexus Banking as a Service product aiming to help e-commerce, social media and ride hailing companies tap the banking space
- Indonesia: A brief intro to 3 of the country’s education-tech startups helping students work from home
- Indonesia: Pahamify edtech startup lands $150K from Y Combinator with focus on college admissions tests
- Indonesia: Chilibeli social commerce startup raises $10M Series A round led by US VC firm Lightspeed Venture Partners
- Indonesia: Kargo Technologies trucking and logistics marketplace gains investment from Amatil X, Coca Cola’s VC arm
- Indonesia-based venture capital companies raised a total of $582M last year, a 79% increase from $325M in 2018
- Singapore’s Akadasia partners IndonesiaX to provide free access to education to all learners across Asia via FREEJOO, Akadasia’s learning management platform
