A broad collection of Indonesia’s tech-startup and VC news, gathered from the English-language online press across November of 2019.
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- Estimated at $40BN in 2019, Indonesia’s Internet economy has more than quadrupled in size since 2015…on track to cross the $130BN mark by 2025
- Indonesia: Grab and GoJek fight it out for domestic super-app status, with an immediate impact on everyday groceries
- Indonesia: Grivy sets sights on bridge round and Series A funding in Q1 2020 to connect offline stores with mobile-first users
- Indonesia: Government to meet with social media companies around plans to impose fines up to $36K for ‘negative’ content provided via their platforms
- Indonesia: Pintek fintech platform gains pre-A funding with flexible credit to consumers and institutions across the education sector
- Indonesia: Kudo digital kiosks enabler integrates with Grab, becoming GrabKios
- Indonesia: Travelio raises $18M to help tenants find and rent apartments
- Indonesia: Next Indonesian Unicorns, NextICorn, platform launched by government, Venture Capital Association for Indonesian Startups and EY consulting
- Indonesia: A look at West Java’s digital services initiatives focused on helping the province’s 6000 villages
- Indonesia: EVOS Esports adds $1.4M to early-2019 $4.4M funding, and expands into ‘gaming influencer management’
- Indonesia: 10 startups led by women selected for Gojek Xcelerate Batch Two
- Indonesia: Tokocrypto cryptocurrency exchange platform becomes government-approved platform for cryptocurrency assets trading
- Indonesia: Gojek ride-hailing unicorn reportedly separating financial arm, Go-Finance, into an independent entity called Digital Katalis, or Dkatalis
- Indonesia: Bukalapak e-commerce giant partners Cermati financial product marketplace to launch online credit card application service
- Singapore’s Eatsy integrates payments with Grab platform for expansion to Indonesia, allowing users to order and pay for food before reaching restaurants
- Startup World Cup Indonesia regional final set to take place as part of Wild Digital Conference in Jakarta, November 26th
- Indonesia: An overview of the offline programs run by e-commerce platforms, bridging formal and informal economies of warungs and small kiosks
- Indonesia: A brief intro to Qraved online marketing platform, a recent presenter at the ASEAN-Korea Startup Summit
- Indonesia: Amartha fintech gains funding to make P2P lending available to more women and families in villages across Indonesia
- Indonesia: ALAMI fintech startup raises seed round led by Singapore’s Golden Gate Ventures, in first funding in the region to be structured in sharia-compliant terms
- Indonesian ride-hail giant Gojek to expand existing business in Singapore through partnership with local taxi company Trans-Cab
