Indonesia
Uber agreed to, then scrapped, a non-compete deal with Indonesian unicorn Go-Jek
Uber may have a reputation for steamrolling its competitors, but it can be conciliatory at times. In 2015, a year before its retreat from China via the sale of its Chinese business to rival…
Indonesia’s Printerous raises $1.4M to digitize traditional printing
Printerous, an Indonesia startup that is bringing the country’s printing industry into the digital era, has raised $1.4 million. The round was led by Golden Gate Ventures with participation from U.S.…
Grab is buying Indonesian payment firm Kudo in its first major acquisition
Uber’s Southeast Asia rival Grab is in the process of buying up Indonesia-based online payment startup Kudo in its first major acquisition. A source close to discussions confirmed to TechCrunch that talks are ongoing and…
Grab is investing $100M in startups to help it battle Uber in Southeast Asia
Grab is upping its battle against Uber in Southeast Asia by announcing a flurry of new initiatives in Indonesia, the region’s largest economy and world’s fourth most populous country, which…
Not just Uber, now Grab is also hiring government insiders to grow its business
Southeast Asia’s Grab is taking a leaf out of the Uber playbook and bringing in a prominent insider to get ahead in its most important market. Uber popularized the approach of nabbing execs…
Enemies no longer, Uber strikes partnership with Indonesia’s second largest taxi firm
Uber is the scourge of taxi drivers worldwide, but sometimes the two can pull in the same direction. Like in Indonesia today, for example, where Uber inked a partnership with…
Southeast Asia’s Grab, a ridesharing rival to Uber, has welcomed a new backer after Honda announced an undisclosed investment in the company today.
Foodpanda is selling its Indonesia business and rethinking the rest of Southeast Asia
Foodpanda, the food delivery startup backed by Rocket Internet, is selling its operations in Indonesia and evaluating its presence in the rest of Southeast Asia as part of a push…
Uber rival Go-Jek confirms $550M raise and hints at Southeast Asia expansion
Indonesia-based Go-Jek, the motorbike taxis on-demand company that competes with Uber and Grab, has confirmed that it has raised $550 million new funding and hinted that it may expand overseas.
Indonesia’s Go-Jek raises $550 million to battle Uber and Grab
Go-Jek, the on-demand motorbike taxi service that rivals Uber and Grab in Indonesia, has closed $550 million in new funding, a source close to the company told TechCrunch. The deal…
According to KPMG and CB Insights, a total of $5.7 billion was invested in fintech in the first quarter of 2016 alone. While companies in China and the U.S. receive…
Indonesia will be Asia’s next biggest e-commerce market
Indonesia presents much opportunity for e-commerce among other emerging Asian economies, with current projections putting this archipelago nation’s e-market at $130 billion by 2020. With an estimated annual growth rate…
Uber focuses on services as it begins to see profits in Southeast Asia
Uber has abandoned its ‘land grab’ approach to Southeast Asia and instead switched its focus to new products and services as it begins to see profitability in key markets in…
Grab, Uber’s rival in Southeast Asia, is developing a mobile payments platform
It isn’t often that ride-sharing companies can introduce new services or products that really go much beyond what they already offer, but that’s what Grab, the company rivaling Uber in…
Silicon Valley is justifiably seen as the geographical center of digital innovation. From Google and Facebook to Uber and Netflix, the Valley is home to many global technology leaders. However,…
P2P mobile payment app Tapp raises $9 million to tap into the cash economy in Southeast Asia
Mobile phones have emerged as the dominant alternative payment method to cash for buying and selling goods and services in emerging markets. And with a service akin to alternative payment…
Groupon is selling its Indonesia business to fitness membership startup KFit
Groupon continues to streamline its business in Asia after it announced the sale of its operations in Indonesia to a somewhat unlikely buyer. KFit, a startup that sells gym and…
Report: Southeast Asia’s internet economy to grow to $200B by 2025
There isn’t a lot of data on the potential of technology in Southeast Asia, which is why many in the industry have been excitedly flipping through a new report released…
PicMix, a photo-sharing app based in Indonesia, will build more features and venture into new international markets after raising a Series A totaling $3 million.
Spotify restarts Asia expansion with Indonesia launch, eyes Japan and India
Spotify is finally kicking back into expansion mode in Asia. Nearly two years after its last country launch in the region and close to four years after it first stepped…
Grab, Uber’s biggest rival in Southeast Asia, signs deal with conglomerate Lippo Group
Singapore-based Grab has just scored a new ally in its battle against Uber and other on-demand ride apps. The company, which claims to be Southeast Asia’s leading ride-hailing app, announced…
Japan’s Gunosy invests $5M in Indonesia-based Kurio, a fellow news-reading app
In a case of one news reader app helping another, Japan’s Gunosy has invested $5 million in Indonesia-based Kurio.
Innovation requires a level playing field that Silicon Valley elites seem unprepared to give emerging nations. Are the original Valley’s glory days over? And will successful mini versions of the…
Line Integrates Bike Taxi Service Go-Jek Into Its Chat App In Indonesia
Messaging app Line’s ongoing efforts to be more than just a messaging app took an interesting turn in Indonesia, the world’s fifth largest country with over 250 million people, after…
Asian Nations Push Courtship Of Israeli Tech Companies
China and Japan are forging deeper ties with Israel’s burgeoning tech industry.
Indonesia Bans, Then Swiftly Unbans, Motorcycle Taxi On-Demand Services
A kerfuffle in Indonesia today illustrated the unpredictable nature of regulators and regulations when it comes to ride-sharing services in Southeast Asia, the region that’s collectively home to more than…
Google Launches Equity-Free Accelerator Program For Mobile Startups In Brazil, India And Indonesia
Google is launching a new accelerator program today. The Launchpad Accelerator will provide mobile startups in India, Brazil and Indonesia with mentorship, training, support, and up to $50,000 in equity-free funding.…
Uber Gains Government Approval To Operate Legally In Jakarta, Indonesia
Uber is celebrating a win in Jakarta, the capital city of Indonesia, after it was given approval to operate as a fully legal entity.
Uber Expands Cash Payments To Indonesia As It Continues SE Asia Push
Uber is expanding the option of cash payments to another market in South East Asia, testing cash payments in Bandung, Indonesia. It now accepts cash payments in six countries globally,…
MoneySmart Raises Series A To Bring Personal Finance Tools To Southeast Asia’s Growing Middle Class
For most consumers who aren’t Scrooge McDuck, learning about personal finance is like dental checkups—boring, sometimes painful, but necessary. Vinod Nair, the founder and chief executive officer of MoneySmart, wants…