Local investments portal Stockbit just topped up. Ideosource threw down the cash as part of the nation’s push to create five million retail investors by 2017.
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.
Indonesia bans foreign investment on ecommerce, but in usual resourcefulness, investors and startups have found ways to skirt this regulation.
Lippo Digital Ventures will give the four-year-old startup expert advisors as it seeks to expand out of Indonesia to Southeast Asia.
RedMart CEO Roger Egan says HappyFresh’s model can’t scale due to order volume, frequency, and complex in-store replenishment issues in the grocery business.
After the Tech in Asia Tour Jakarta 2015 started in Indonesia’s capital two days ago, we’re on to our next stop: Flower City Bandung.
After setting up shop in Singapore and Bangalore, LiteLabs comes to Jakarta ready to spend $5M on in-house ecommerce ventures.
The Tech in Asia Jakarta Tour 2015 hit the road! At tonight’s opening event, five startups battled it out for a chance to get a booth at our upcoming Jakarta co...
Southeast Asia appears to be behind in agtech startups, but this presents an untapped opportunity.
Following the grocery delivery app’s announcement of rollouts in Thailand, the Philippines, and Taiwan, the firm takes on a slew of new backers.
The Jakarta-based startup delivers fresh groceries and produce to your door, and just set up shop in Bangkok. It claims Taipei and Manila are next.
I’m writing this while at the airport waiting for my flight to Moxy’s regional HQ in Bangkok, Thailand. Last night was a rough night. No, this does not mean dan...
Evercoss is Indonesia’s bestselling local phone brand. To compete in the shifting market, it needs to increase the appeal of its smartphones. AirAsia is its rol...
Following a fresh capital injection, the Indonesia-based smart fish feeding tech startup is now looking to take its service global.
The Surabaya-based media portal is now geared toward a younger demographic. It runs native ads and sponsored posts like Buzzfeed in Indonesia.
TechCrunch’s article on the booming e-commerce scene in Southeast Asia sets the tone just right for potential investors and entrepreneurs looking to strike gold...
The app puts money into shoppers' bank accounts when they photograph receipts. It also sells their shopping data to big companies in Indonesia.
Who woulda thought? Octagon, a creative technology startup from Bandung makes augmented reality apps to compete with the big guys.
A few weeks ago Tech in Asia covered the series A funding round of social app Yogrt. It raised US$3 million from Centurion Private Equity and Linear Venture. I ...