Indonesia Startups

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Insuring Against a Global Crisis

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Predicting the pandemic’s impact on an industry built to protect against it Covid-19 has certainly been a wake-up call for almost every sector, but the insurance industry is in a particularly precarious position. There is little clarity on whether the pandemic will amount to a blessing or a curse for insurers, but one thing seems […]

Insuring Against a Global Crisis Read More »

Predicting the pandemic’s impact on an industry built to protect against it Covid-19 has certainly been a wake-up call for almost every sector, but the insurance industry is in a particularly precarious position. There is little clarity on whether the pandemic will amount to a blessing or a curse for insurers, but one thing seems

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[Press Release] BukuWarung raises funds from leading investors, graduates from Y-Combinator

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BukuWarung raised funds from high profile investors & angels in the US and Asia as part of their YC Demo Day BukuWarung launches digital payments, seeing several millions USD in annualised TPV, ahead of plans to introduce monetisation products such as credit, savings, and insurance BukuWarung appoints strong leadership team with experience from PayTM, Ovo,

[Press Release] BukuWarung raises funds from leading investors, graduates from Y-Combinator Read More »

BukuWarung raised funds from high profile investors & angels in the US and Asia as part of their YC Demo Day BukuWarung launches digital payments, seeing several millions USD in annualised TPV, ahead of plans to introduce monetisation products such as credit, savings, and insurance BukuWarung appoints strong leadership team with experience from PayTM, Ovo,

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Indonesian Cloud Kitchen Yummy Corp Gains US$12M in Series B Funding

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Yummy Corp will be channeling the funds towards expanding within Indonesia, and bolstering its tech capabilities including AI and data Jakarta-based cloud kitchen management company Yummy Corp has raised US$12 million in a Series B round of funding, the company announced in a statement today. SoftBank Ventures Asia was the lead investor in the Series

Indonesian Cloud Kitchen Yummy Corp Gains US$12M in Series B Funding Read More »

Yummy Corp will be channeling the funds towards expanding within Indonesia, and bolstering its tech capabilities including AI and data Jakarta-based cloud kitchen management company Yummy Corp has raised US$12 million in a Series B round of funding, the company announced in a statement today. SoftBank Ventures Asia was the lead investor in the Series

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Indonesian Logistics Tech Startup Waresix Cashes In US$100M Series B

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Waresix aims to digital transform Indonesia’s trucking and warehousing logistics landscape Indonesia-based trucking and warehousing tech startup Waresix has closed its Series B round of funding, accumulating a total of US$100 million over the year, the company announced in a statement yesterday. The logistics tech startup raised the funds from the company’s existing investors EV

Indonesian Logistics Tech Startup Waresix Cashes In US$100M Series B Read More »

Waresix aims to digital transform Indonesia’s trucking and warehousing logistics landscape Indonesia-based trucking and warehousing tech startup Waresix has closed its Series B round of funding, accumulating a total of US$100 million over the year, the company announced in a statement yesterday. The logistics tech startup raised the funds from the company’s existing investors EV

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PasarPolis Bags US$54M In The Largest Series B Insurtech Startup Funding Round In SEA

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PasarPolis issued over 650 million policies to first-time customers in 2019 alone Indonesian insurtech startup PasarPolis has raised US$54 million in an oversubscribed Series B funding round, marking it the biggest Series B haul by an insurtech startup in Southeast Asia, PasarPolis announced in a statement yesterday. Investors who participated in the latest round of

PasarPolis Bags US$54M In The Largest Series B Insurtech Startup Funding Round In SEA Read More »

PasarPolis issued over 650 million policies to first-time customers in 2019 alone Indonesian insurtech startup PasarPolis has raised US$54 million in an oversubscribed Series B funding round, marking it the biggest Series B haul by an insurtech startup in Southeast Asia, PasarPolis announced in a statement yesterday. Investors who participated in the latest round of

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Indonesia Ecommerce Enabler SIRCLO Closes US$6M Series B

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The company is strategically positioned for growth, SIRCLO’s founder notes Indonesian ecommerce solutions company SIRCLO has closed a Series B round of funding at US$6 million, the company officially announced late last week. Investors in the Series B round include venture capital firms based in Jakarta, East Ventures and Skystar Capital, Indonesian bank OCBC NISP’s

Indonesia Ecommerce Enabler SIRCLO Closes US$6M Series B Read More »

The company is strategically positioned for growth, SIRCLO’s founder notes Indonesian ecommerce solutions company SIRCLO has closed a Series B round of funding at US$6 million, the company officially announced late last week. Investors in the Series B round include venture capital firms based in Jakarta, East Ventures and Skystar Capital, Indonesian bank OCBC NISP’s

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Southeast Asia’s Biggest Internet Economies Part 1 Indonesia

Southeast Asia’s Biggest Internet Economies Part 1: Indonesia

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Southeast Asia is home to stunning coastal vistas, delectable food, and a long history of cultural tradition. Today, however, Southeast Asia is known for one other thing–a region that is growing its innovative capabilities at full speed.

Southeast Asia’s Biggest Internet Economies Part 1: Indonesia Read More »

Southeast Asia is home to stunning coastal vistas, delectable food, and a long history of cultural tradition. Today, however, Southeast Asia is known for one other thing–a region that is growing its innovative capabilities at full speed.

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

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BukuKas has hit several milestones in just eight months since its launch Indonesia-based BukuKas, a financial management app for micro, small and medium enterprises (MSMEs), has raised US$9 million in its pre-Series A funding round, the company announced in a statement today. The round was raised from Sequoia Capital India’s Surge, a scale-up program for

Indonesia’s BukuKas Raises US$9M in Pre-Series A Funding Read More »

BukuKas has hit several milestones in just eight months since its launch Indonesia-based BukuKas, a financial management app for micro, small and medium enterprises (MSMEs), has raised US$9 million in its pre-Series A funding round, the company announced in a statement today. The round was raised from Sequoia Capital India’s Surge, a scale-up program for

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Indonesian Travel Unicorn Traveloka Musters US$250M Funding

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Traveloka will funnel the funding toward strengthening its product offerings Indonesian travel and tourism unicorn Traveloka has raised US$250 million in a funding round from undisclosed investors, the company announced in a statement yesterday. The round was led by a “global financial institution” with participation from the startup’s existing investors, such as the venture capital

Indonesian Travel Unicorn Traveloka Musters US$250M Funding Read More »

Traveloka will funnel the funding toward strengthening its product offerings Indonesian travel and tourism unicorn Traveloka has raised US$250 million in a funding round from undisclosed investors, the company announced in a statement yesterday. The round was led by a “global financial institution” with participation from the startup’s existing investors, such as the venture capital

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Next in Line for Indonesian Fintechs: PAYFAZZ Closes US$53M Series B

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PAYFAZZ is the latest startup from the Indonesian fintech industry to receive a capital boost The fintech industry in Southeast Asia is undergoing rapid transformation, with one of every two dollars in the region expected to be paid digitally by 2025, according to a study by Google, Temasek, and Bain & Company. In Indonesia especially,

Next in Line for Indonesian Fintechs: PAYFAZZ Closes US$53M Series B Read More »

PAYFAZZ is the latest startup from the Indonesian fintech industry to receive a capital boost The fintech industry in Southeast Asia is undergoing rapid transformation, with one of every two dollars in the region expected to be paid digitally by 2025, according to a study by Google, Temasek, and Bain & Company. In Indonesia especially,

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Funding Roundup: July 6

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The start of the week saw a slew of funding rounds from Indonesia to China. Indonesian Beauty Startup Social Bella Raises $58 Series E Indonesia-based beauty startup Social Bella, which operates lifestyle ecommerce platform Sociolla, has raised $58 million in a Series E funding round, the startup announced on Monday, according to a press release

Funding Roundup: July 6 Read More »

The start of the week saw a slew of funding rounds from Indonesia to China. Indonesian Beauty Startup Social Bella Raises $58 Series E Indonesia-based beauty startup Social Bella, which operates lifestyle ecommerce platform Sociolla, has raised $58 million in a Series E funding round, the startup announced on Monday, according to a press release

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black-garlic-meal-kit

Will Meal Kit Programs Continue Delivering?

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By Alvin Mak Are all meal kit delivery services following Blue Apron’s path downhill? How do you cook nutritious, healthy, and delicious food all without having to plan meals yourself or buy groceries? The startup world’s answer was the revolutionary meal kit delivery system. These services deliver cooking instructions and the corresponding ingredients for nutritious

Will Meal Kit Programs Continue Delivering? Read More »

By Alvin Mak Are all meal kit delivery services following Blue Apron’s path downhill? How do you cook nutritious, healthy, and delicious food all without having to plan meals yourself or buy groceries? The startup world’s answer was the revolutionary meal kit delivery system. These services deliver cooking instructions and the corresponding ingredients for nutritious

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Fabelio

Indonesia Furniture Eretailer Fabelio’s US$9M Series C1 To Fuel Domestic Growth

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Aiming to expand within the Indonesia this year, Fabelio wants to move into Southeast Asian markets soon Indonesian online home furniture retail startup Fabelio has raised $9 million in its ongoing Series C round, the company announced in a statement today. The raise has grown the startup’s total capital pool to over $20 million, it

Indonesia Furniture Eretailer Fabelio’s US$9M Series C1 To Fuel Domestic Growth Read More »

Aiming to expand within the Indonesia this year, Fabelio wants to move into Southeast Asian markets soon Indonesian online home furniture retail startup Fabelio has raised $9 million in its ongoing Series C round, the company announced in a statement today. The raise has grown the startup’s total capital pool to over $20 million, it

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Ula

B2B Retail Marketplace Ula Chalks Up US$10.5M In Seed Funding

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Ula aims to support small retailers address their sourcing and working capital needs Jakarta-based small retail marketplace app Ula has raised $10.5 million in seed funding from several institutional and angel investors, the startup announced in a statement on June 10. Sequoia India and Lightspeed India led the round, with participation from SMDV, Quona Capital,

B2B Retail Marketplace Ula Chalks Up US$10.5M In Seed Funding Read More »

Ula aims to support small retailers address their sourcing and working capital needs Jakarta-based small retail marketplace app Ula has raised $10.5 million in seed funding from several institutional and angel investors, the startup announced in a statement on June 10. Sequoia India and Lightspeed India led the round, with participation from SMDV, Quona Capital,

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goplay fundraise

Superapp GoJek’s GoPlay Raises First Independent Round To Boost Indonesian Entertainment

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GoPlay wants expand locally sourced content options for creators and viewers Business have been gravitating towards the superapp business model, which involves diversifying into multiple mostly-digital operations that may not be connected. Southeast Asia, in particular, has a robust superapp ecosystem with players such as Grab, Alipay and Meituan Dianping, as well as Gojek in

Superapp GoJek’s GoPlay Raises First Independent Round To Boost Indonesian Entertainment Read More »

GoPlay wants expand locally sourced content options for creators and viewers Business have been gravitating towards the superapp business model, which involves diversifying into multiple mostly-digital operations that may not be connected. Southeast Asia, in particular, has a robust superapp ecosystem with players such as Grab, Alipay and Meituan Dianping, as well as Gojek in

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cloud kitchen

‘Hangry’ For More: Starting Up In The Indonesian Cloud Kitchen Market

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Despite the presence of major food delivery players, cloud kitchen startup Hangry is fishing for a foothold in the market As more hungry customers tap into food delivery options on their mobile phones, the bullish online food delivery market is showing no signs of slowing down. In fact, the entire food delivery segment in Southeast

‘Hangry’ For More: Starting Up In The Indonesian Cloud Kitchen Market Read More »

Despite the presence of major food delivery players, cloud kitchen startup Hangry is fishing for a foothold in the market As more hungry customers tap into food delivery options on their mobile phones, the bullish online food delivery market is showing no signs of slowing down. In fact, the entire food delivery segment in Southeast

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