#Start-up
PLN to incubate energy unicorns through Startup Day Initiative
State-owned electricity company PT PLN is ramping up efforts to foster innovation in the energy sector, with hopes that its PLN Startup Day initiative will pave the way for homegrown startups to reach unicorn status and compete on a global scale.
eFishery founder admits to manipulating financial reports
Founder and former CEO of eFishery, Gibran Huzaifah, has eventually admitted to manipulating his company's financial reports in an effort to save the business from bankruptcy. This confession was conveyed directly by Gibran in an exclusive interview with Bloomberg News.
Paragon focuses on innovation and CSR for Ramadan 2025, no immediate IPO plans
Salman Subakat, Co-Founder and CEO of PT Paragon Technology and Innovation, has outlined a number of short-term and long-term company strategies, currently preparing to welcome Ramadan and the Idul Fitri 2025/1446 H.
East Ventures announces upcoming IPO of portofolio company on IDX, valued over Rp1T
East Ventures, a capital company, announced that one of its portfolio companies will be listed on the Indonesia Stock Exchange (IDX).
Indonesian startups shine at ASEAN digital awards 2025, winning 9 medals
A number of Indonesian startups again stole international attention by achieving great success − bringing home nine awards − at the ASEAN Digital Awards 2025, held in Bangkok, Thailand.
TikTok plans to re-enter Indonesian market through joint venture with Tokopedia and others
TikTok is planning joint venture collaboration with a number of companies in Indonesia including Tokopedia, Blibli, Bukalapak, and CT Corp in an effort to re-enter Indonesia.
Southeast Asia startups investment experience 87% YoY decline in Q1 due to challenging market and cautious investors
Investments in Indonesian startups plummet 87% YoY from US$ 3.3 billion to only US$ 400 million during the first half. Google, Temasek, and Bain & Company reveal the contributing factors.
TikTok, Youtube, and Instagram social media giants seek e-commerce licenses in Indonesia amid regulatory changes
Recently, Indonesia has imposed a ban on e-commerce transactions on social media platforms, which has prompted tech giants like TikTok, Instagram, and YouTube to explore obtaining e-commerce licenses in the country.
Cleantech startups faces funding challenges amidst unfavorable regulations
New Energy Nexus Indonesia reports that the growth of clean energy technology (cleantech) startups is fading due to funding constraints and an unfavorable regulatory climate.
Grab stocks plummets amidst massive layoff
Grab, the Singapore-based decacorn, has made the difficult decision to initiate another round of layoffs, affecting over 1,000 employees and resulting in plummeting stocks.
Traveloka joins UNWTO as an affiliate member pledges commitment to sustainable tourism
Traveloka, the leading online travel platform, has officially joined the United Nations World Tourism Organization (UNWTO) as an affiliate member, making it the only Southeast Asian travel platform to be affiliated with UNWTO. The announcement was made during the UNWTO Conference in Phnom Penh, Cambodia.
Google initiative aims to foster AI technology development and resources for startups
Google has unveiled its Google for Startups Cloud Program, which promises to provide a substantial financial boost to Indonesian startups employing artificial intelligence (AI) technology.