Sign up for the Daily Newsletter, sent exclusively to our Premium subscribers. We break down the big and messy topics of Asia’s tech and startup community. Get the newsletter in your inbox everyday with a Premium subscription.
Hello reader,
Recently, I’ve considered spending a significant amount of money for several personal purchases. Some of these items were needs and some were wants, but in both cases, I’ve had to convince myself that it was OK to spend some cash.
After all, I thought I could earn the money back in some way, and being able to fulfill some of my needs was more important than saving up for a rainy day (although, of course, I plan to continue saving consistently). Who knows, maybe one day some of the benefits I get from these purchases could serve me well.
If you’re an investor, this mindset is probably familiar to you. After pulling the trigger on several investments, everyone hopes that they’ll be able to strike oil. In today’s story, we explore in detail which investors are hoping to do just that in Indonesia.
Today we look at:
- A breakdown of the most active investors in Indonesia
- A Thailand-based smart-city solutions provider getting recognized by the United Nations
- Other newsy highlights such as stronger crypto regulations on the horizon in Singapore and NetEase Games’ new gaming studio in the US.
Premium summary
Pouring money into Indonesia
Image credit: Timmy Loen
Not everything has to be a contest, but in this case, I guess that’s just how it is. We’ve compiled a list of the investors who have made the most deals in Indonesia over the past 24 months and organized them by number of investments. Interestingly, there isn’t an extremely large gap between each firm, but we do still have a clear “winner” topping the list.
- Journey to the East: Sitting comfortably at the top is East Ventures, having amassed 61 deals in the last two years. Its latest investments include the likes of human resources platform Pintarnya, agtech startup Chickin, and proptech firm Tananku.
- No frog in the well: US-based Ribbit Capital may have only closed four deals with Indonesian startups, but it definitely has a really cute name. The VC participated in two funding rounds for Pinhome, an ecommerce platform for properties, as well as Ajaib, an online investing platform for millennials.
- Home-grown: Of course, we can’t forget the GoTo Group as well, which was founded in Indonesia and has closed four deals of its own. To date, the company has participated in funding rounds for Tokopedia, which is part of the group, as well as LinkAja, Moka, and PasarPolis.
Read more: These are the most active investors in Indonesia’s startups
Startup spotlight
A United Nations catalyst
Quick bytes
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
