Indonesian tech giant GoTo and its Chinese-owned partner TikTok are on track to fully comply with Indonesia’s regulations banning in-app transactions on social media platforms. According to GoTo’s CEO, compliance is expected to be reached within the next six weeks. The announcement, made on Wednesday, aims to ensure that GoTo and TikTok operate in accordance […]

Jakarta-based startup BintanGo, a platform facilitating content creators in monetizing their work, has recently secured $2.2 million in fresh funding, a mix of debt and equity. This round of funding has gained support from Contents Technologies, Transcend Capital Partners, and existing backers Investible and eWTP Tech Innovation Fund.  This infusion of capital takes the total […]

Indonesia’s Maka Motors, an electric vehicle startup specializing in two-wheelers, has successfully concluded its seed funding round, raising US$37.6 million. The company, co-founded by two former executives from the Indonesian ride-hailing giant Gojek, managed to secure the funding while still in the research and development stage, making it one of the largest seed funding rounds […]

Indonesian fintech startup Orderfaz has successfully concluded a pre-seed funding round, as announced on Thursday. The round was led by Singapore-based venture capital firm 1982 Ventures, which acted as the sole investor. The exact amount of funding raised in the round has not been disclosed. Orderfaz, a recently established fintech startup, focuses on serving the […]

Indonesia-based ed-tech startup SoLeLands has successfully secured funding led by venture capital firm East Ventures, with participation from SMDV. The exact amount of funding raised was not disclosed.  The funds will be utilized to enhance capacity and product development in preparation for the anticipated soft launch of SoLeLands’ immersive game-based learning platform in the fourth […]

eFishery, an aquaculture technology company based in Indonesia, has achieved unicorn status after successfully raising $200 million in its Series D funding round. This makes eFishery the first startup in the global aquaculture industry to attain a valuation of over $1 billion. The round was led by Abu Dhabi-based 42XFund and supported by investors such […]

The Radical Fund, a climate-focused early-stage investor headquartered in Bangkok, has successfully achieved the first close of its climate tech fund, raising an initial amount of US$40 million. The fund is specifically targeted at supporting early-stage startups in the Southeast Asia (SEA) region that are dedicated to addressing climate-related challenges. The Radical Fund operates under […]

Indonesian supply-chain startup Baskit has successfully raised $3.3 million in a seed funding round, as announced on Tuesday. The round was led by venture capital firm Betatron Venture Group, with participation from Forge Ventures and Indonesian tobacco magnate Michael Sampoerna. This funding comes shortly after Baskit‘s pre-seed funding round of $1.5 million in March, which […]

The Indonesia-based fleet-tracking startup, TransTRACK, has successfully raised US$2.1 million in a pre-Series A funding round. The funding round was led by Ortus Star, with participation from existing investors Cocoon Capital and YCAB Ventures and new investors, including Goldbell Investment, NP Consulting, Damson Capital, and several angel investors.  TransTRACK is a technology enabler startup that […]

Stockbit Investa Bersama (Stockbit), an Indonesian digital investment platform, and Fullerton Fund Management Company (Fullerton), a Singapore-based investment specialist, have jointly acquired Ayers Asia Asset Management, a Jakarta-based asset management firm.  Fullerton expressed its commitment to collaborate with Stockbit in developing and providing high-quality investment solutions that cater to a diverse range of investors, including […]