Indonesia’s Q3 2021 tech news
• July, August and September of 2021
• Tech news headlines at a glance
• Quick reference for a time-poor audience
• One-click access to each full tech news article
• Online and drawn from daily tech news
July 2021 | August 2021 | September 2021
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September 2021
- 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
August 2021
- Indonesia: Telkom Indonesia and UAE’s Etisalat telco reportedly planning a joint $100M data center facility in Nongsa Digital Park in Batam
- Grab super app in Indonesia gains $375M from Indonesia’s Emtek conglomerate to collaboratively scale ecosystems across logistics, ecommerce, financial services, advertising and more
- Wild Digital Indonesia 2021 Conference is just around the corner, set for 8 & 9 September – get 40% off a full-price ticket with Startup News Asia’s code
- Indonesia: Bukalapak e-commerce firm launches IPO on Indonesia Stock Exchange, targeting $1.5, the country’s largest IPO to date
- Indonesia: Just 2 months after Series A, Pintu crypto assets platform raises $35M Series A+, offering trades on 16 cryptocurrencies with plans to add more, including NFTs
- Indonesia: Fuse insuretech firm completes Series B, with agent-focused model featuring more than 30 partnerships, over 300 products and more than 50K agents
- Webinar: ‘Investing in the Indonesian Digital Economy’ set for August 31st, delivered by Singapore’s Business Times
- Indonesia: BRI Ventures to collaborate with School of Business and Management ITB to launch venture capital courses later this year
- Indonesia’s Traveloka, SE Asia’s largest online travel firm, planning to launch financial services in Thailand and Vietnam as it eyes a US listing via SPAC
- Indonesia: RaRa Delivery raises $3.25M with last-mile logistics focusing on 1-3-hour deliveries for ecommerce companies
- Download: Harnessing Digital Technologies for Inclusion in Indonesia, 2021 report from The World Bank
- Download: Realising the potential of Indonesia’s digital economy, from Deloitte “…digital economy poised to grow to size of about USD133M in the next 5 years…” (pdf)
- The Indonesia Digital LookBook: New Frontier of SEA Technology’, available now to download from Startup Indonesia
- Indonesia: “New banking rules…allow near-full foreign ownership of local lenders and reduce red tape for new services as regulators move to spur growth in…digital banking industry.”
- Indonesia: ‘Investments and foray into Electric Vehicles’ report available to download now, from DBS Bank Insights & Analysis
- e-news, latest issue: China’s alt-protein space, Indonesia’s Digital LookBook, Filipino startups, artificial intelligence in India…
July 2021
- Wild Digital’s Indonesia 2021 tech & startup conference ticket details online, including Flash Sale tix at $80 – sale closes July 4th
- Indonesia: BCA Digital, arm of the country’s largest publicly listed private bank, recently launched Blu digital banking app for Android users
- Korea’s FuturePlay accelerator inks MoU with Indonesia’s Bandung Institute of Technology to discover and accelerate early-stage startups in Indonesia
- Indonesia: Wild Digital Startup Disruptor Arena applications open now, in partnership with Startup World Cup – winners go forward to the SWC Grand final in San Francisco
- Indonesia: GudangAda, online B2B marketplace connecting wholesalers to stores and other buyers, raises over $100M with coverage in more than 500 cities
- Indonesia: Wild Digital partners Startup World cup for Indonesia regional edition of Startup Disruptor Arena, with winners moving on to San Francisco finals
- Indonesia: GoTo Group, formed by Gojek and Tokopedia merger, takes Google Cloud as principal tech partner, seeking AI and ML benefits in forecasting, logistics and more
- Global Aquaculture Challenge 2021 unveils 8 startups, including Singapore’s TeOra biotech and Indonesia’s Jala data-focused shrimp farming
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