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MDI Ventures, Finch Capital Launched Arise Fund in Indonesia

JAKARTA (TheInsiderStories) - MDI Ventures together with a thematic investor from Netherland, Finch Capital, launched Arise Fund, an investment fund with a focus on early stage...

BRI Ventures Closes Tech Fund US$21M from Malaysia’s Grab, Others

JAKARTA (TheInsiderStories) - BRI Ventures, the venture capital armed of state lender, PT Bank Rakyat Indonesia, is reported had completed the first technology fund of Rp300...

Kredivo Closes US$100M Warehouse Financing Facility with US’s Victory Park Capital

JAKARTA (TheInsiderStories) - Kredivo, a digital credit platform for retail borrowers across Indonesia and Victory Park Capital Advisors, LLC, a private credit specialist from United States,...

President Widodo’s Son “Mangkokku” Get Funding US$2M from Alpha JWC

JAKARTA (TheInsiderStories) - Alpha JWC Ventures has invested US$2 million in a culinary startup, Mangkokku, founded by President Joko Widodo' sons, Gibran Rakabuming and Kaesang Pangarep. Previously,...

Indonesia’s MDI Ventures Ready to Bring Startups Go IPO

JAKARTA (TheInsiderStories) - Local venture capital company, MDI Ventures is preparing four startups in its portfolio to list their shares (IPO) in Indonesia Stock Exchange or dual...

Indonesia’s Alodokter Raises Series C Funding from MDI Ventures

JAKARTA (TheInsiderStories) - Indonesia' healthcare provider, Alodokter, announced has raised Series C funding from MDI Ventures, a venture capital owned by PT Telekom Indonesia...

Indonesia’s Logisly Raises Funding US$6M from Monk Hill

JAKARTA (TheInsiderStories) - Logistic startup, Logisly, announced that it has raised US$6 million in Series A funding led by Monk Hill Ventures, said the company on...

Funding to Indonesian Startups Reaches US$1.9B in Third Quarter

JAKARTA (TheInsiderStories) - The Indonesian Venture and Startup Capital Association (Amvesindo) reported that total funding to Indonesian startups reached US$1.9 billion until the third quarter...

Buku Warung Gets More Funding from Global Investors

JAKARTA (TheInsiderStories) - An accounting and credit management app for Indonesian micro-businesses, Buku Warung, has raised an undisclosed amount of funding from global investors...

Indonesia’s Waresix Closes US$100M Fundraising

JAKARTA (TheInsiderStories) - Indonesian logistic startup, Waresix, closes a US$100 Series B fundraising from existing investors EV Growth and Jungle Ventures, said the company today. There are...

Prequin: APAC-Focused PEVC Reaches US$1.3T in AUM

JAKARTA (TheInsiderStories) - Asia Pacific (APAC) focused private equity and venture capital' (PEVC) assets under management (AUM) have surged in recent years, hitting a record-high...

Indonesia’s SIRCLO Raises Funding US$6M from Investors

JAKARTA (TheInsiderStories) - Indonesian e-commerce enabler, SIRCLO has closed the Series-B funding of US$6 million, the company said on Monday (08/31). Investors are participating in this...

Indonesia’s BukuKas Receives Pre-Series A Funding US$9M

JAKARTA (TheInsiderStories) - A startup company in the field of digital financial applications for micro, small, medium, enterprise (MSMEs), BukuKas, has secured pre-series A...

Indonesia’s Ayoconnect Raises Funding US$5M from Investors

JAKARTA (TheInsiderStories) - Indonesian bill payment provider, Ayoconnect has raised pre-Series B funding US$5 million from BRI Ventures, the venture capital arm of PT Bank Rakyat...

Australia’s Amatil X, Other Investors Invests in Wahyoo

JAKARTA (TheInsiderStories) - Amatil X, an Australia' Coca-Cola Amatil venture capital arm, has made its second investment in Indonesia afterfreight logistics marketplace, Kargo Technologies. The company has...

Indonesia’s BukuWarung Raises Pre-A Round from Quona Capital

JAKARTA (TheInsiderStories) — BukuWarung, an accounting and credit management app for Indonesian micro-businesses, announced its Pre-A funding round led by Quona Capital, a VC...

Indonesia’s Fabelio Raises Funding US$9M led by Appworks

JAKARTA (TheInsiderStories) - Online furniture retailer, Fabelio, has raised Series C funding worth of US$9 million, said the company on Wednesday (05/17). With the new investment,...

Indonesia’s Danain Get Fresh Funding from Sampoerna Group

JAKARTA (TheInsiderStories) - Financial technology (FinTech) P2P lending, Danain get fresh funding from PT Bank Sahabat Sampoerna, said the company early this week. But the...

Indonesia’s E-commerce Enablers SIRCLO and ICUBE Merged

JAKARTA (TheInsiderStories) – Two Indonesian e-commerce players SIRCLO  and  ICUBE has merged, said both companies last week. It said, the merger brings thousands of clients...

Indonesia’s Ula Raises Seed Funding US$10M from Global Investors

JAKARTA (TheInsiderStories) - Ula, a distribution and credit marketplace application for micro, small and medium enterprises, earned a seed funding US$10.5 million from Sequoia India, LightSpeed...

Indonesia’s Bonza, Delman Raises Seed Funding

JAKARTA (TheInsiderStories) - Two Indonesian startups raised seed funding from their investors, the companies announced today (05/27). Delman, a data management startup has raised $1.6 million...

Foreign E-commerce Players Must Have Office in Indonesia

JAKARTA (TheInsiderStories) - Foreign e-commerce players is now required to have a representative office in Indonesia, said the trade ministry in a new decree...

Indonesia’s GoJek Finalizes the Acquisition of Moka

JAKARTA (TheInsiderStories) - Indonesia’ decacorn, GoJek, has acquired the mobile point of sales provider, Moka, for Rp1.68 trilion (US$108.39 million). Now, the company awaits business competition supervisory commission...

Indonesia’s Kargo Secures Series A Funding US$31M

JAKARTA (TheInsiderStories) - Indonesia' freight logistics firm, Kargo Technologies, has secured Series A Funding round worth of US$31 million led by Silicon Valley-based Tenaya Capital. Other...

Telkom Indonesia Invests More in MDI Ventures

JAKARTA (TheInsiderStories) - Indonesia’ largest telecom provider, PT Telkom Indonesia Tbk (IDX: TLKM) will channel funds up to US$500 million to its venture capital (VC) unit,...

Widodo: Indonesia’s Digital Economy Reaches US$40B in 2019

JAKARTA (TheInsiderStories) - President Joko Widodo reported Indonesia' digital economy valued worth of US$40 billion during 2019. The amount is far beyond other Southeast Asia...

Indonesia’s Mbiz Eyes US$20M Series B Round

JAKARTA (TheInsiderStories) - Local B2B platform, Mbiz is targeting to raise US$20 million in a series B round in the second quarter of 2020, the CEO, Rizal Paramarta said...

Indonesia’s Akseleran Receives Funding US$8.55M

JAKARTA (TheInsiderStories) - Akseleran, a P2P Lending platform based in Indonesia, announced has received a Series A funding worth of US$8.55 million, led by Beenext at...

Waresix Bags Additional Funding US$11M Led by EV Growth, Jungle Ventures

JAKARTA (TheInsiderStories) - Waresix, platform trucks and warehousing services at the forefront of Indonesia, get additional funding worth of US$11 million from EV Growth and...

Indonesia’s Ruangguru Gets Funding of US$150M from General Atlantic, GGV Capital

JAKARTA (TheInsiderStories) - Indonesia learning platform,  Ruangguru, completed the Series C funding worth of US$150 million from General Atlantic Indonesia (GAI) and United States'...