Go-Jek founder Nadiem Makarim has been hush-hush about the funding around town in Jakarta. Today, Sequoia publicly showcases the startup in its portfolio.
Internet Penetration Rate 17.1%
Literacy Rate 93%
Indonesia is a tricky market. Though it has immense potential growth over the next decade, the country is comprised of over 10,000 islands, with diverse languages and cultures in many different areas, so reaching out to these people has its own sets of challenges. The tech infrastructure is still growing, too. But where many might see a hindrance at first glance can turn out to be opportunities for savvy players
Country data primarily sourced from World Bank's Data Bank.
The startup is a new player in Indonesia’s package delivery race. Logistics is hard enough in Jakarta, but Deliveree aims to recreate its Bangkok success.
The company will use the funds from Shanghai-based Gobi Partners to establish offices outside its home market Malaysia and neighboring Singapore.
A tranched investment means the startup doesn’t get the full amount upfront. It comes with many risks - and it’s proving controversial.
Adlun Fiqri Sigoro was arrested for filming police bribery. He could’ve faced 6 years in prison, but social media and free speech advocates got him released.
This fresh Indonesian medtech startup is creating a marketplace for pharmacies to ensure patients can get the medicines they need, on time.
Lippo Digital Ventures is reborn without strings. Stefan Jung, John Riady, and Rudy Ramawy take the helm as managing partners of indie VC firm Venturra Capital.
Personal finance app Jojonomic from Indonesia picks up seed funding from East Ventures.
Yogyakarta was the fifth stop on our Tech in Asia Jakarta conference tour. Five startups battled for the chance to exhibit at the conference in November.
The startup is a tool for Indonesians to find suitable doctors and book appointments. It will also offers practice management software to hospitals and clinics.
It’s the end of the road for restaurant booking and review sites Abraresto and Abratable. The owners are in the process of liquidating assets. How did this happ...
The Singaporean startup prepares to expand to another new market after Indonesia.
The homegrown car classifieds site focuses on new cars. Now with a fresh hit of capital, it’ll go head-to-head with Rocket Internet and iCar Asia.
With an oversubscribed user base and competitors lining up, the personal-assistant-via-SMS startup is looking to get more aggressive in Indonesia.
Marvelstone plans to follow the lead of Wework and Y Combinator to acquire co-working spaces and support startups.
Rocket Internet's H1 2015 financials reveal a lot about Lazada, Zalora, Jabong, and Foodpanda.
UangTeman provides short-term micro loans online in Jakarta. It puts money in your account within 24 hours, but won’t break your legs if you can’t pay on time.