Home Tags Startup

Tag: startup

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'...

Mandiri Capital Indonesia Prepares US$7M Next Year

JAKARTA (TheInsiderStories) - Local venture capital firm, PT Mandiri Capital Indonesia (MCI) allocated funds Rp100 billion (US$7.14 million) to acquires new startup in 2020, local...

Carsome Get Fresh Funds US$50M from Japan’s MUFG

JAKARTA (TheInsiderStories) - MUFG Innovation Partners (MUIP) joint with other investors, invested in Malaysian-based Carsome Sdn Bhd., with worth of US$50 million to fend off its...

Indonesia’s MDI Ventures, KB Investment Joint Investment US$30M

JAKARTA (TheInsiderStories) - MDI Ventures, an Indonesian venture capital, and South Korean KB Investment to establish a joint fund worth of US$30 million for startups in...

Indonesia’s Telkomsel Unit Injects US$2M to PrivyID

JAKARTA (TheInsiderStories) - PT Telkomsel Mitra Inovasi (TMI), an investment arm of telco provider PT Telkom Indonesia Tbk (IDX: TLKM), has invested nearly US$2...

BRI Ventures Prepares US$250M to Develop FinTech Businisses

JAKARTA (TheInsiderStories) - State-own lender PT BanK Rakyat Indonesia Tbk (IDX: BBRI) investment company arms, PT BRI Ventures Investama prepared US$250 million funds to develop financial...

Go IPO, Indonesia’s Digimax to Raises US$42M

JAKARTA (TheInsiderStories) - Local start-up, PT Digital Mediatama Maxima (Digimax) will conduct an initial public offering (IPO) at the Indonesia Stock Exchange (IDX) this...

IDX Simplifies IPO Procedures for Startup Companies

JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) will continues to attract more startup companies become a listed companies, said the official yesterday (09/17). The bourse has provided...

Indonesia President Son’s Startup Raises Funding US$5M prom Alpha JWC

Jakarta (TheInsiderStories) - Goola, startup company created by President Joko Widodo' eldest son, Gibran Rakabuming, pocketed initial funding of US$5 million from local venture...

Indonesia’s Ralali Raises US$13M to Build B2B E-Commerce Platform

JAKARTA (TheInsiderStories) -​ Ralali.com, the first and largest online B2B marketplace e-commerce platform in Indonesia raised  US$13 million from three foreign investors. The startup is...

Indonesia’s KoinWorks Raises US$16M Series B Funds

JAKARTA (TheInsiderStories) - Indonesia’s Peer to Peer (P2P) Fintech Lending KoinWorks announced its Series B fundraise of US$16.5 million. The oversubscribed round was co-led...

Indonesia’s Mobilkamu Secures Series A Investment from East Ventures, Others

JAKARTA (TheInsiderStories) - Mobilkamu, Indonesia’ online platform for new car buying, has secured an undisclosed amount of Series A investment led by East Ventures,...

Three Startup Companies Ready to Conduct IPO

JAKARTA (TheInsiderStories) - Indonesia Stock Exchange (IDX) claims there are three new startup companies that will conduct an initial public offering (IPO) this year....

Insight: Indonesia’s Digital Business Needs Guaranteed

JAKARTA (TheInsiderStories) - Indonesia is one of the countries where the development of startups is rapidly increasing. Why are they flourish in Indonesia, the reason...

Equity Crowdfunding Rule for Indonesia’s FinTech Releases This Year

BOGOR (TheInsiderStories) - Indonesia's Financial Services Authority (FSA) will release equity crowdfunding regulation, which can be a source of funding alternative for financial technology (FinTech) start-up...

Moka Raised US$24M Series B Led by Sequoia India

JAKARTA (TheInsiderStories) - Moka, a fast-growing Indonesian cloud-based point-of-sale system, has raised US$24 million Series B round led by Sequoia India. The round included new...

Grab Ventures Ready to Invests US$250M in Indonesian Startup

JAKARTA (TheInsiderStories) - The Singapore-based ride hailing firm Grab Holdings Inc. announced would invest US$250 million in Indonesian startup through its Grab Ventures arm, said...