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. […]
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. […]
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. […]
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. […]
Traveloka, officially joined the United Nations World Tourism Organization (UNWTO), making it the only Southeast Asian travel platform to be a member of the organization. […]
Singapore-based startup builder and venture capital firm Antler, plans to invest in 30 startups in Indonesia. Antler’s investment focus is not limited to vertical startups, despite recognizing their massive potential. In alignment with current global trends, Antler anticipates the emergence of numerous climate or environment-based startups (climate tech). […]
Indonesian e-commerce platform Bukalapak is sentence by the court to pay IDR 107 billion fine to its business partner for a failed property development project. The company plans to challenge the court decision by filing a cassation to the Supreme Court. […]
Edutech company Cakap received series C funding led by MDI Ventures and Heritas Capital. The company’s valuation currently sits at between US$100 million to US$ 1 billion . […]
An international economic report revealed Indonesia’s digital economy is showing a positive trend with predictions reaching US$ 77 billion in 2022, and US$ 130 billion in 2025. […]
The Financial Services Authority (OJK) reported a significant increase in non-performing loans (NPLs) for over 90 days from fintech P2P lending platforms. As of October 2022, the NPLs had risen to IDR 1.42 trillion (US$ 95.3 million), a 140.78% increase from from the previous year of IDR 593.44 billion. […]
PT Bank Danamon Indonesia Tbk and MUFG Bank announced a placement of US$ 100 million in a Venture Fund focusing on Indonesia called the MUFG Innovation Garuda No. 1 Limited Investment Partnership, or Garuda Fund. […]
Indonesia unicorn company Kopi Kenangan has planned to launch an IPO in the Indonesia Stock Exchange (IDX) although not in the foreseeable future. Instead, the company is focusing on global expansion as a corporate action before the IPO. CEO and Co-founder of Kopi Kenangan, Edward Tirtanata, said the company was in the process of opening new overseas outlets. […]
Northstar’s Co-founder and Managing Partner Patrick Walujo said private equity (PE) companies would need to focus on fundamentals to grab early-stage opportunities in Indonesia due to its vast favorable demographics and macroeconomics indicators as well as robust market. […]
Venture capital firm AC Ventures has empowered startups through the ESG (environment, social and governance) framework and the European Union-compliant systems, giving a baseline strategy to grow promising opportunities in the long term. […]
IDEAL, a property technology startup established in 2021, has helped Indonesian young people to own houses through responsible lending. These millenials share a common concern: rejection from banks when applying for house loan. […]
Natuna Island boast a lot of natural resources, and it is situated within the South China Sea. There are numerous challenges in the security of the region due to ongoing Chinese provocations requesting Indonesia to stop its activities in its waters. As part of the nine-dash line, Beijing sees the area as their own. As a consequence of this dispute, […]
Honorary titles become less and less popular. Being addressed with those titles is also seen as a snobbish act. The abolition of honorary titles has made interactions a lot simpler and avoiding embarrassment when the incorrect title was used. […]
