A round-up of Indonesian tech startup news headlines from across January, February and March, Q1 2022
- Technology, startup and funding-related news
- Headlines linked to each online article in full
- Quarterly collection for January, February and March 2022
- Free-to-read online news sources linked
- Articles, reports, downloads, commentary and beyond
January 2022 | February 2022 | March 2022
See our other editions for the variety of channels we publish to.
Indonesia: March 2022
- Indonesia: Malaysia’s Capital A, formerly known as AirAsia Group, launches in Indonesia’s food delivery service market, going up against GoFood, GrabFood and ShopeeFood
- Indonesia: Bukalapak e-commerce giant partners with Trans Retail Indonesia and Singapore VC for Allofresh online grocery platform, with initial funding near $70M
- Indonesia: AgriAku agritech raises $6M pre-Series A with farmer-focused B2B marketplace
- Indonesia: Blocknom crypto-earning platform in Y Combinator’s current batch raises $500K pre-seed funding, with sights on becoming ‘Coinbase Earn for SE Asia’
- Indonesia: Dana e-wallet platform to receive $225M investment from Sinar Mas Group, one of the country’s largest conglomerates
- Indonesia: Can quick commerce and 15-minute-or-less deliveries find a footing in Indonesia?
- ICYMI: Indonesia’s Bukalapak e-commerce major has opened a tech hub in Melbourne, Australia, providing opportunities for both countries’ tech and startup sectors
- Indonesia: RRQ e-sports organization launches RRQ Guild in collab’n with Alterra to boost blockchain based play-to-earn communities globally via fanbase and online-to-offline presence
- Indonesia: wagely gains $8.3M in oversubscribed pre-A funding round with earned-wages access focusing currently on Indonesia and Bangladesh
- Indonesia: Grab partners Sedania As Salam Capital fintech for Grab Cash Financing-i, Shariah-compliant financing product, to Grab’s drivers and delivery partners
- Indonesia: Gov’t preps tough new rules to allow it to fine and criminally charge ‘net and social media firms, demanding action inside as little as 4 hours
- Indonesia: DELOS aquaculture startup secures $8M seed extension round data-driven solutions for shrimp farming, seeing potential yield increases of 2-3 times
- Vietnam: Gojek and MoMo partner, super-apps from Indonesia and Vietnam respectively, to link MoMo ewallet and Gojek app in bid to compete with Grab ride-hail giant
Indonesia: February 2022
- Indonesia: Bank Central Asia has allocated $27.8M to its VC arm, Central Capital Ventura, aiming to further boost startups with financial services in their offerings
- Indonesia: Astro raises $27M Series A with ‘quick commerce’ platform that aims to deliver groceries and essentials in 15 minutes
- Indonesia: “…agritech sector is currently underpenetrated and has low valuations…the grocery segment which is poised to grow to $169.4 billion…”
- Indonesia: Endeavor Indonesia unveils 10 startups selected for 2nd cohort of ScaleUp Growth program, working in finance, education, healthcare and more
- Indonesia: Grupin raises $3M with social commerce platform focusing on community-based shopping, providing large discounts on bulk-purchase consumer products
- Indonesia: An overview of the Bidanku app developed by Halodoc health tech platform, helping midwives and new mothers in rural Indonesia
- Indonesia: Julo peer-to-peer lending platform and app secures near $60M Series B, connecting institutional lenders with underbanked and unbanked populations
- Indonesia: Bananas raises $1.5M with ‘rapid commerce’, aiming to open 50 or more ‘dark store’ e-commerce fulfilment facilities in Jakarta and other tier-1 cities shortly
- Indonesia: Taiwan’s Foxconn to build electric car components, batteries, motors, in Batang; and to relocate telecoms spare part manufacturing from China
- Indonesia: HappyFresh online grocery delivery service sets sights on 100 new ‘dark stores’ – order fulfilment centres – across SE Asia, with each store holding 15K units of stock
- Indonesia: Brick secures $8.5M funding to enable open finance across SE Asia, with API suite connecting financial apps to hyper-local data sources
- Akulaku, Indonesia’s largest BNPL and consumer financing platform, backed by Thailand’s Siam Commercial Bank to the tune of $100M
- A quick intro to the 10 tech startups selected to present at the Alibaba Cloud x KrASIA Global Startup Accelerator’s joint Vietnam-Indonesia Demo Day
Wild3 Conference / April 12-13 / Metaverse, NFTs, Web3, Blockchain
Indonesia: January 2022
- e-Conomy SEA 2021: Indonesia report now available to download, produced by Google, Temasek and Bain & Co (pdf)
- Indonesia: UpBanx gains $5.2M pre-seed backing with platform connecting creators, artists and freelancers to clients, alongside managing workflow and finances
- Indonesia: KoinWorks fintech raises $108M Series C with SME-focused platform helping underserved e-commerce and social commerce vendors to access financing
- Indonesia: eFishery closes $90M Series C round with end-to-end platform providing fish and shrimp farmers with technology, feed, financing and markets
- Indonesia: Akulaku, online lender backed by China’s Ant Group, reportedly considering US listing via SPAC merger, valuing combined entity around $2BN
- Indonesia: Lummo, formerly BukuKas, raises $80M with Shopify-like platform helping small merchants get online, with Google parent Alphabet investing arm participating
- Taiwan’s Foxconn iPhone components maker partners Indonesia’s Investment Ministry and companies with sights set on full-spectrum EV industry development
- Bank Negara Indonesia to acquire 64% of Bank Mayora digital banking platform in bid to enter a space it previously has been unable to navigate
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