Indonesian startup Mimin has secured seed funding from Otto Digital, a subsidiary of conglomerate Salim Group, to expand its chat commerce solutions and virtual assistant services for micro, small, and medium enterprises (MSMEs) in the country. Otto Digital’s extensive MSME community and networks in Indonesia make it an ideal partner for Mimin, according to the […]

iSeller, an omnichannel-based Point-ofSale platform that caters to online and offline merchants in Indonesia, has raised $12 million in its Series B funding round. The round was led by Intudo Ventures and backed by KVision and existing investors Mandiri Capital Indonesia, and Openspace Ventures, the company said in a statement. With the injection of fresh […]

Indonesia’s collectibles marketplace Kick Avenue announced raising $2.9 million in its Series A funding round backed by Korea-based KREAM and Malaysia’s SneakersLAH. Started in 2017 by co-founders Christopher Eko, Alwin Sasmita and Reinaldo Gunawan, with Jeffry Jouw, co-founder of USS Network as the Business Advisor, Kick Avenue grew to become one of the most well-known […]

Indonesian e-commerce major Bukalapak posted an 86% revenue growth year-on-year in Q3 to IDR898 billion ($57 million), while revenue in the first nine months of the year grew by 92% to IDR2,589 billion. Bukalapak continues to deliver positive business growth; 3Q22 TPV grew by 32% YoY to IDR41.3 trillion. About 74% of the company’s TPV […]

SerMorpheus, an Indonesia-based web3 brand-retailer enabler, announced that it raised $2.5 million in a seed funding round anchored by Intudo Ventures and participated by 500 Global, Febe Ventures, AlphaLab Capital, BRI Ventures, and Caballeros Capital. Launched in January 2022, SerMorpheus is an Indonesian web3 enablement platform onboarding brands and retailers into the new digital economy. […]

Southeast Asia’s recommerce group Carousell has announced that it acquired control of Laku6, the AI-first end-to-end electronics recommerce platform in Indonesia, as part of its vision to make secondhand the first choice for users. Temasek unit Heliconia Capital will be supporting Carousell Group in its acquisition of Laku6 and in accelerating circularity in secondhand electronics. […]

Dagangan, an Indonesian rural e-commerce startup, announced that it has successfully closed US$6.6 million in its Pre-Series B round led by Sumitomo Mitsui Banking Corporation (SMBC) subsidiary, BTPN Syariah Ventura. Existing investor Monk’s Hill Ventures and Hendra Kwik, CEO of Payfazz, a leading financial services company serving SMEs and unbanked Indonesians, also participated in the […]

Bananas, an Indonesian rapid commerce startup, has raised $1 million in seed funding that will fuel its goal of speeding up the grocery delivery in Indonesia. The funding round was led East Ventures and backed SMDV, ARISE, MDI Ventures, and a few angel investors. Bananas was also selected into the prestigious YCombinator Winter 2022 cohort, […]

Indonesia-based social commerce platform Grupin has secured US$3 million in a funding round led by Sequoia Capital India’s Surge, a scale-up programme for startups by the firm. The funding round also saw participation from East Ventures, an Indonesia-focused venture capital firm and Skystar Capital. “With the proliferation of e-commerce, especially since the start of the […]

Astro, an Indonesian on-demand rapid e-commerce platform for groceries and other everyday necessities, has raised $27 million in Series A funding from Accel Partners and Sequoia Capital India. AC Ventures, Global Founders Capital, Lightspeed Venture Partners, and Goodwater Capital have also participated in the funding round. The round also received support from founders and senior […]