April, May & June 2020
Startup Indonesia
Startup News Asia’s quarterly summary of Indonesia’s startup news headlines from April, May and June 2020.
Each item listed is a technology or startup news headline from Q2 2020 covering an aspect of Indonesia’s startup ecosystem in some way, whether announcements by an Indonesian startup around a product, pivot or venture capital funding, or an article outlining changes to or impacts on Indonesia’s startup scene generally.
The focus here is on Indonesia, but wider-world technology and related startup news headlines are included where appropriate to deliver points-of-reference, food for thought for early-stage Indonesian startups, and to provide wider tech-focused knowledge.
June 2020 | May 2020 | April 2020
June 2020
- Indonesia: Gojek digital payments and ride-hailing giant invested in by WhatsApp and Paypal, adding to Facebook’s moves into Asia
- Kejora Capital VC firm and SBI Holdings financial services firm announced partnership to launch $30M early-stage Indonesia-focused tech startup fund
- Indonesia: A look at GoPlay, streaming service from Gojek ride-hail and deliveries giant, taking growth cues from e-commerce companies globally
- Indonesia: Gojek Xcelerate program unveils 11 retail-focused startups graduating from batch 3
- Indonesia: Shipper logistics startup gains Series A funding in part from Y Combinator with SME focus and more than 100 courier service partners
- Indonesia: Jendela360 secures $1M with real estate platform connecting clients, landlords and property agents, setting sights on online-to-offline strategy
- Indonesia: Insurtech Strategic Innovation Report 2020 now available to download, summarizing trends and opportunities
- Indonesia: State-owned Bank Bri’s BRI Ventures launches $21M Sembrani Nusantara, tech-focused venture fund
May 2020
- Indonesia: Cashlez SME-focused platform becomes the country’s first fintech to publicly list
- Indonesia: GudangAda online consumer goods mall platform secures $25.4M with mom-and-pop stores and wholesaler services
- Indonesia: Cashlez mobile point-of-sale system firm raises $5.8M in IPO, setting sights on using proceeds to acquire Softorb smart card and RFID tech startup
- Indonesia: Klikdaily supply chain-focused startup raises Series A to connect cornershops with FMCG brands
- Indonesia: MRT Jakarta launches 6-month startup accelerator program, open to industries beyond transport
- ICYMI: GK-Plug and Play, Indonesian chapter of Plug and Play accelerator, recently unveiled the 15 startups selected for batch 6
- Indonesia: Bobobox capsule hotel startup secures $11.5M Series A, with plans for SE Asia expansion once COVID-19 abates
- Indonesia: Bonza big data analytics company secures funding from East Ventures
- Indonesia: Delman startup raises $1.6M with focus on cleaning and preparing data for analysis
April 2020
- Indonesia: Facebook in partnership talks with GoPay, Ovo and LinkAja to launch Facebook Pay mobile payments
- Indonesia’s Gojek, ride-hailing and food-delivery giant, acquires Moka mobile point-of-sale payments startup for $130M
- Indonesia’s Modalku P2P lender (Funding Societies in Singapore) raises $40M in part to aid loans restructuring by MSMEs affected by COVID-19
- Indonesia: Qoala insurtech startup raises $13.5M Series A, benefiting from prominent brand partnerships
- A brief intro to the 8 SE Asian startups receiving $1-2M from Sequoia’s Surge scale-up program, from Indonesia, Vietnam and Singapore
- Indonesia: TaniHub gains $17M funding with B2B agri marketplace, connecting farmers with SMEs, hotels, restaurants, food processors and retail customers
- ICYMI: Indonesia Pasti Bisa crowdfunding movement initiated by East Ventures VC firm to support development of COVID-19 test kits to fight coronavirus pandemic
- Indonesia: US startup, Fairbanc, preps for launch of AI-powered mobile loan and payments platform for SMEs, following initial testing in Bangladesh and Indonesia
- Indonesia: RaRa Delivery secures $834K seed funding led by 500 Startups with last-mile, same-day delivery service focused on e-commerce businesses in SE Asia
- Indonesia: VC firms Convergence and Agaeti merge to form AC Ventures, aiming to back 35 early-stage Indonesian tech startups over 3 years
- Indonesia: DailySocial and partners launch DSLaunchpad, the country’s largest startup incubation program, online and with an intake of 100 startups
- Indonesia: BukuWarung MSME-focused accounting app gains funding, helping 250K clients digitize their bookkeeping in more than 500 towns and cities
- Indonesia’s Investree plans peer-to-peer lending services expansion to Thailand and Philippines following $23.5M fundraise
- Indonesia: Webtrace land-transport logistics startup gains seed funding with IoT-driven real-time optimization data
- Indonesia: KoinWorks raises $20M with financial P2P platform for SMEs, with plans for 8 new services
- A brief intro to 5 of Southeast Asia’s property-tech startups
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