Hong Kong-based financial comparison site CompareAsiaGroup today announced it raised $40M in series A funding led by Goldman Sachs and Nova Founders Capital.
Internet Penetration Rate15.8%
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.
Alodokter wants to become the number one site for health-related information in Indonesia by winning in quality and design.
Banks are feeling the heat from tech startups, which are working on various alternatives to traditional banking. Some banks are not taking it sitting down.
Jakarta-based Jualo is going up against OLX Indonesia. It just pulled in funds from Mountain Kejora and Indonesia's new investment firm Alpha JWC Ventures.
Following a $1M investment in Jakarta’s Zeemi.tv, the Japan-based VC shares thoughts on the growing Indonesian market, and where DeNA fits in for the future.
Low-cost technologies can significantly improve livelihoods. This social enterprise specialises in bringing tech to rural communities in Indonesia.
In Indonesia, Livaza wants to make it easy for customers to get their hands on high-end luxurious furniture products at affordable prices.
Indonesian coffee geeks rejoice! Otten Coffee, an up-and-coming one-stop online shop for all things coffee just got funded.
An anonymous angel investor is helping SociaBuzz to grow its influencer marketing platform.
Indonesian live-streaming entertainment site Zeemi.tv grabs $1M in seed funding from DeNA and 500 Startups
The site is a live-streaming entertainment stage in Indonesia. It just grabbed $1M in seed funding from DeNA and 500 Startups, and aims to acquire more users.
The new firm is headed by Aswin Utomo of Indonesia’s AdaDiskon. WhatWeLike aims to let users socialize and discover the hot fashion items in the archipelago.
Logistics are tough in the region’s large yet fragmented ecommerce markets. Companies like aCommerce offer end-to-end control, others find their niche.
Lippo Group announces Hadi Wenas as MatahariMall’s CEO. Google Indonesia’s former country director Rudy Ramawy joins Lippo Digital Ventures as managing director...
Surabaya-based game studio Mojiken shares its story of struggle and how it hopes to reclaim an elusive indie identity in the noisy world of gaming.
Industry luminaries met yesterday at an event held by Indonesia’s ecommerce association idEA to discuss the upcoming ecommerce roadmap with minister Rudiantara.
One month before SingPost and Trikomsel launch a joint ecommerce venture in Indonesia, SoftBank places a bet on Trikomsel.
The firm lets users get their hands on imported goods by using international travelers as delivery people. It has a new CEO, and funds will be spent on growth.