Indonesia

Fact-checkers write open letter urging YouTube to get serious about COVID misinformation

A group of more than 80 prominent fact-checking organizations around the world is pressing YouTube to take action against COVID misinformation, which still prevails on the platform now two years into

Jakarta-based investment app Pluang raises $55M led by Accel

Jakarta-based investment app Pluang announced that it has raised $55 million led by Accel. This is a follow-on to its Series B and brings that round’s total to $110 million. The funding will be used

App Annie: Global app stores’ consumer spend up 19% to $170B in 2021, downloads grew 5% to 230B

Consumer spending on mobile apps reached $170 billion in 2021, according to App Annie’s newly released “State of Mobile 2022″ report, out today, which offers a comprehensive look at

Indonesia’s eFishery raises $90M from Temasek, SoftBank Vision Fund 2 and Sequoia Capital India

Indonesia-based eFishery announced today that it has raised what it claims is the largest round of funding by an aquaculture tech startup in the world. The company, which provides feeding devices, sof

Jakarta-based SME financial platform KoinWorks scoops up $108M Series C

The backbone of Indonesia’s economy are its estimated more than 60 million SMEs. But many lack access to working capital and, especially before the pandemic, managed their finances using manual proc

Kodland, which teaches kids digital skills, grabs $9M to scale its online coding school

London-based Kodland, which started out back in 2018 offering in-person courses for children to learn digital skills like computer programming before switching focus to online learning from early 2020

Smarter Health gets $5.15M SGD to reduce healthcare costs in Southeast Asia

Organizing information from providers, insurers and patients not only takes a lot of time, but increases private healthcare costs. Smarter Health, a Singaporean-based startup, develops technology that

Southeast Asian startups to watch in 2022

As someone who covers Southeast Asia startups and funding stories, the best word I can think of to describe 2021 is “whoa!” This was the year that global investors not only started to pay close at

Alibaba’s Southeast Asia arm Lazada hits 130M annual consumers

Alibaba has always aspired to bring its e-commerce service to customers outside China. Its strategy is multi-thronged. The giant’s house-developed AliExpress has found success in Russia in recen

Google’s Area 120 launches Qaya, a service offering web storefronts for digital creators

A team at Google is today launching a new service called Qaya, which will allow creators to easily set up new web storefronts where they can sell their products and services directly to their audience

Indonesian insurtech startup Fuse gets $25M Series B extension to expand further in Southeast Asia

Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries, including Thailand and Vietnam in Southeast Asia. The

Indonesian fintech Flip secures $48M in Series B to support expansion

Flip, an Indonesia-based fintech startup, announced today it has raised $48 million in a Series B to accelerate its growth. The funding brings Flip’s total capital raised to $65 million.  Sequoia C

Hong Kong fintech unicorn WeLab raises $240M to buy Indonesian bank

A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank. With the deal, WeLab

TikTok’s newest app lets sellers manage their online stores via their smartphone

TikTok has launched a new app for its seller community taking advantage of its suite of TikTok Shopping features, but the app is only available in Indonesia at present. TikTok Seller, as the app is ca

Indonesia-focused AC Ventures closes oversubscribed $205M third fund

More investor money is flowing into Indonesia’s startup ecosystem. Today, AC Ventures, which focuses on early-stage startups in the country, announced it has raised $205 million in committed capital

Indonesia’s GoTo Group raises over $1.3B in first pre-IPO close

Indonesia-based startup GoTo Group announced today it has secured more than $1.3 billion in the first close of its pre-IPO funding.  The latest round was led by Abu Dhabi Investment Authority (ADIA),

Subscription carbon offsetting platform Ecologi hits $8M total raised, includes General Catalyst

People subscribe to music, so why wouldn’t they subscribe to carbon offsetting to alleviate their conscience about the climate crisis? That’s partly the thinking behind U.K. startup Ecologi, which

TikTok ventures into mobile gaming, initially in partnership with Zynga

TikTok is experimenting with games, initially in partnership with mobile gaming giant Zynga. On Monday, Zynga announced its plans to launch a new HTML5-based game, “Disco Loco 3D,” exclusi

Indonesian venture capital firm Alpha JWC closes $433M third fund

Alpha JWC, the Jakarta-based venture capital firm, announced today it has closed its third fund at $433 million. The company says this makes it Southeast Asia’s largest VC fund for early-stage start

WhatsApp brings its Business API to the cloud to speed adoption

WhatsApp will today begin beta testing a new, cloud-based version of its WhatsApp Business API, hosted on parent company Facebook’s infrastructure. With the shift to the cloud, the setup time fo
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