Startup news, Indonesia
Indonesia’s tech-based startup news, as covered in the English-language online press across December of 2019.
Our Indonesia news summaries focus on the country’s early-stage startup space, covering financial tech, DLT, agricultural tech, mobile payments and beyond.
- Indonesia: Halofina financial management startup raises pre-A funding with AI-driven financial planning
- Indonesia: Tokopedia e-commerce giant launches new Sharia-compliant travel service, Tokopedia Umroh
- Indonesian President: “I have ordered ministers to replace echelon III and IV officials with AI [because] our bureaucracy will be faster with AI…”
- Indonesia and Singapore to improve cooperation in e-commerce, fintech, data services, and development of tech parks and innovation hubs
- Indonesia: UNDP and 500 Startups unveil 9 Indonesian startups at ImpactAim Demo Day in Singapore
- Indonesia: Evermos raises $8.25M Series A with Sharia-compliant social commerce platform focused on Muslim products
- Huawei cloud services unit to partner regional arm of San Francisco’s Skymind to offer joint expertise on smart city innovation with projects in Indonesia, Malaysia
- Indonesia’s MDI Ventures and South Korea’s KB Investment partner for US$30M joint fund to focus on startup investments in SE Asia
- Indonesia: Gojek ride-hailing giant reportedly nearing acquisition of Moka mobile point-of-sale startup, aiming to become country’s leading digital payments leader
- Centauri Fund growth-stage VC fund launches with backing from Telkom Indonesia and South Korea’s KB Financial Group, aiming for $150M corpus
- Indonesia’s Travelio, fast-changing property-technology startup, gains backing from Samsung Venture Investment Corporation
- ICYMI: Digital banking in Indonesia – Building loyalty and generating growth, from McKinsey in February (pdf)
- Indonesia: Grab partners Hyundai to launch electric vehicle hailing service pilot project in Jakarta
- Indonesia’s Gojek to shut down most of the lifestyle services offered in profit pressures move, keeping GoClean housekeeping service and GoMassage service
- Indonesia: An overview of CekFakta, hailed as a ground-breaking initiative in addressing fake news and disinformation during the country’s 2019 elections
- Indonesian coffee chain, Kopi Kenangan, aiming to open over 1K kiosks in 2 years, following investments by vehicles owned by Jay-Z, Serena Williams and NBA’s LeVert
- Indonesia: Ruangguru online learning platform raises $150M with over 15M students and 300K teachers across Indonesia, setting sights on Vietnam entry
- Indonesia: Legalku legal tech startup raises seed funding from Myanmar’s UMG Idealab with on-demand legal consultation service and SaaS platform
- An intro to the 7 Malaysia startups selected for batch 5 of the EXPAND Indonesia program, recently placed for a week’s immersion in Jakarta’s FintechSPACE
- Style Theory online platform for renting designer apparel in Indonesia and Singapore raises $15M with plans for RFID tagging, process streamlining and more
- China’s ByteDance now testing new social music app, Resso, in India and Indonesia, hoping to generate another global sensation like TikTok
Other subject-specific news from December 2019:
Blockchain in Asia • Crypto news, Asia • AI news • Fintech in Asia
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