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Indonesia: Social Bella Receives Funding US$57M Led by

JAKARTA (TheInsiderStories) - A local beauty-tech company, Social Bella, has raised fresh funding amounted to Rp818 billion (US$56.80 million), led by United States' investment and management firm,...

Indonesia: MDI Ventures Invests Series C Funding for Cermati

JAKARTA (TheInsiderStories) - Telco operator, PT Telkom Indonesia Tbk (IDX: TLKM), through its subsidiary MDI Ventures, participated in the Series C funding of financial products marketplace,...

Indonesia: Amarta Gets Funding US$28M Led by WWB II

JAKARTA (TheInsiderStories) - Financial technology (FinTech) firm, PT Amartha Mikro Fintek, received new funding worth US$28 million led by Women' World Banking Capital Partners (WWB) II...

Indonesia: Bibit.id Raises US$65M Led by Sequoia Capital India

JAKARTA (TheInsiderStories) - Bibit.id, a digital investment app in Indonesia, has raised US$65 million of funding from Sequoia Capital India, joined by Prosus Ventures, Tencent and Harvard...

Indonesia: Telkomsel Considers to Invest Another US$300M in GoJek

JAKARTA (TheInsiderStories) - Cellular provider, PT Telekomunikasi Selular (Telkomsel) is considering to reinvesting funds worth of US$300 million in Gojek, Kontan reported today. The unit of telco...

Indonesia: Ruangguru Secures US$55M Lead by Tiger Global

JAKARTA (TheInsiderStories) - Indonesia' homegrown edtech firm, Ruangguru, has secured US$55 million of investment led by Tiger Global Management together with GGV Capiital. Edtech is a key...

Indonesia: Halodoc Bags US$80M from Astra and Temasek

JAKARTA (TheInsiderStories) - Singapore' Temasek Holdings and PT Astra International Tbk (IDX: ASII) has invested US$80 million in Halodoc, a health-tech startup, said the company on Wednesday...

Pefindo: The Issuances of Corporate Bond Could Reach US$11B in 2021

JAKARTA (TheInsiderStories) - Rating agency company, PT Pemeringkat Efek Indonesia (Pefindo) projected total issuances of corporate bond is estimated to reach Rp159 trillion (US$10.96 billion) in...

Indonesia: CoLearn Raises US$10M Series A Funding

JAKARTA (TheInsiderStories) - Education tech startup, CoLearn, announced has raised Series A funding worth of US$10 million, co-led by Alpha Wave Incubation and American-based investor, GSV...

Singapore : Qapita Raises US$5M Pre-Series A Round Led by MassMutual...

JAKARTA (TheInsiderStories) - Qapita, a Singapore-based service provider has raised a US$5 million Pre-Series A round led by MassMutual Ventures. India-based venture capital firm Endiya Partners...

Indonesia: BRI Ventures Makes Strategic Investment in Bukalapak

JAKARTA (TheInsiderStories) - Local venture capital firm, BRI Ventures, announced that it had made strategic investments to support the 13.5 million micro, small, and medium enterprises...

Singapore: Tribe Attracts Strategic from Mandiri Investment and Others

JAKARTA (TheInsiderStories) - Tribe Accelerator, Singapore’ first government supported blockchain accelerator, today announced a new strategic investment from Mandiri Investment Management Singapore, a subsidiary of state-owned...

South Korea’s Naver Invests US$150M in EMTEK

JAKARTA (TheInsiderStories) - An online media from South Korea, Naver Corporation, announced today has made a strategic investment of US$150 million in PT Elang Mahkota Technology...

Southeast Asian Startup Earns Funding US$8.2B in 2020

JAKARTA (TheInsiderStories) - Technology startups in Southeast Asia (SEA) have earned funding up to US$8.2 billion in 2020, Cento Ventures reported. Nearly 50 percent of the...

Indonesia’s Ajaib has Pocketing Funding US$90M

JAKARTA (TheInsiderStories) - Ajaib Group has closed its Series A funding round with a total amount of US$90 million, considered to be the largest series A...

Founder Bukalapak Invest in IDCloudHost US$5M

JAKARTA (TheInsiderStories) - Achmad Zaky, founder of an investment company Init 6 and e-commerce platform Bukalapak, invested US$5 million in IDCloudHost, a cloud service provider based...

KitaBeli Bags US$10M from Go Ventures and Others

JAKARTA (TheInsiderStories) - A social commerce provider, KitaBeli has raised Series A funding US$10 million led by Go Ventures joined with AC Ventures and East Ventures,...

GoJek Invests in LinkAja Through Series B Funding

JAKARTA (TheInsiderStories) - LinkAja, a financial technology applications owned by state-owned enterprises, announced a strategic investment from GoJek, a payment and on-demand service platform, part of...

SOEs Seeking Funds Through Indonesia Investment Authority

JAKARTA (TheInsiderStories) - State-owned enterprises (SOEs) are preparing billion-dollar projects to get fresh fund through Indonesia Investment Authority (INA). The energy holding, PT Pertamina, has prepared...

Indonesia’s Waskita Toll Road Sold 20% Unit Shares for US$105M

JAKARTA (TheInsiderStories) - PT Waskita Toll Road (WTR) has sold 20 percent shares of Semarang - Batang toll road to Samuel Asset Toll Road Management Limited...

Indonesia’s SiCepat Raises Series B Funding US$170M

JAKARTA (TheInsiderStories) - An expedition company, SiCepat has received a Series B funding round worth of US$170 million from Falcon House Partners, Kejora Capital, DEG, MDI Ventures,...

Indonesia’s Forex Reserves US$138.8B in February

JAKARTA (TheInsiderStories) - Indonesia' foreign exchange (forex) reserves stood at US$138.8 billion in February 2021, slightly increase from the previous month of $138.0 billion, the central...

Indonesia’s Xendit Raises US$64.6M Series B Funding

JAKARTA (TheInsiderStories) - Xendit, the fastest growing digital payments infrastructure for Indonesia, Philippines, and other Southeast Asia' countries, has raised Series B funding worth of US$64.6 million...

Indonesia’s FUNDtastic Raises Series A Funding US$7.7M

JAKARTA (TheInsiderStories) - The local investment platform and financial manager FUNDtastic raised Series A funding with total amount of US$7.7 million from various investor,...

TigerGraph Raises US$105M Funding, Plans Open in Indonesia

JAKARTA (TheInsiderStories) - TigerGraph, an American-based provider of graphical analytics platforms, announced a fundraising of US$105 million in Series C funding. This funding round was led...

Singapore’s Genesis Ventures, Bank CIMB Niaga Eyes Local Startup

JAKARTA (TheInsiderStories) - Singapore' venture loan company, Genesis Alternative Ventures partnering with publicly listed lender, PT Bank CIMB Niaga Tbk (IDX: BNGA), to channel financing to...

Member.id Secures Series A Funding US$1.1M from East Ventures, Traveloka

JAKARTA (TheInsiderStories) - Member.id, a loyalty service provider, marketing and technology firm, announced has secured Series A funding with total amount of US$1.1 million led by...

Indonesia’s Green Butcher Raises Funding US$2M from Global Investors

JAKARTA (TheInsiderStories) - Green Butcher, a consumer startup focused on Indonesian plant-based foods, has received a fresh an initial funding US$2 million led by Singapore-based venture...

Indonesia’s PasarPolis Get Funding US$5M from IFC

JAKARTA (TheInsiderStories) - An insurtech firm, PasarPolis, announced has raised US$5 million in equity finance from International Finance Corporation (IFC), the company announced today. With...

Indonesia’s Buku Warung Raises Funds from Rocketship, Tech Retail Giant

JAKARTA (TheInsiderStories) - BukuWarung, the financial technology (FinTech) firm for micro and small medium enterprises (MSME) has raised funds from Rocketship.vc, an Indonesian retail giant, and...
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