DOOgether snags seed funding

DOOgether, Indonesia based fitness and classes booking startup has raised an undisclosed amount in a seed funding round led by Gobi Agung which was joined by Everhaus, Prasetia Dwidharma, and Cana Asia. The fresh capital will be used to expand DOOgether’s merchant partner network, develop its mobile app further, and hire more professionals.  
Read more

Four startups give birth to Mekari

As many as four Indonesian SaaS platform-based startups Talenta, Sleekr, Jurnal, and Klikpajak consolidated their operations to form one entity called ‘Mekari’. The consolidation of these startups would help the SMEs in adopting integrated technology for their businesses. According to the Association of Indonesia Micro, Small, and Medium Enterprises data, there are at least 60 million small and medium enterprises
Read more

Kargo Technologies raises $7.6 million

Kargo Technologies, Indonesia based startup, has raised $7.6 million seed funding round led by Sequoia Capital India and Uber co-founder and former CEO Travis Kalanick's 10100 Fund. Pandu Sjahrir of Agaeti Ventures, Northstar Group co-founder Patrick Walujo, Intudo Ventures, ZhenFund, ATM Capital and InnoVen Capital also participated in the round.
Read more

Google forecasts Southeast Asia’s Digital economy to triple by 2025

With over 650 million cumulative populations, Southeast Asia’s Digital economy is predicted to reach $240 billion by 2025 according to “e-Conomy SEA” report by Google. The report suggests that internet economy will grow by 44% this year from last year to $72 billion, which was only $19.1 billion in 2015. Online travel (30 billion) tops the chart in bringing in revenue,
Read more

Yogyakarta and Bandung to be added to NUS Enterprise’s BLOCK71 as entrepreneurial hub

In cooperation with conglomerate-owned company Salim Group, National University of Singapore (NUS) Enterprise has announced its latest additions to Singapore-based entrepreneurial hub BLOCK71 in Yogyakarta and Bandung. The two additions are an immediate following on the establishment of BLOCK71 Jakarta in July last year. Both BLOCK71 in Yogyakarta and Bandung look to support innovation and entrepreneurship development in their respective locations,
Read more

Indonesia’s Kopi Kenangan raises $8M seed funding from Alpha JWC Ventures

On Thursday, Indonesian coffee chain Kopi Kenangan announced its recent seed funding of US$8 million from Indonesia-focused venture capital firm Alpha JWC Ventures. Kopi Kenangan is Indonesia’s fastest-growing grab-and-go coffee chain. Within a year, it already opened 16 stores in Greater Jakarta area, and the number will keep on rising as the company plans to operate a total of 30
Read more

Fastwork raises US$4.8M led by Gobi Partners

Online freelancing platform, Fastwork, with operations in Thailand and Indonesia, announced today it has secured US$4.8 million in Series A financing round led by regional venture capital firm Gobi Partners. Vickers Venture Partners, LINE Ventures, and Partech Partners also joined the round, which brings Fastwork’s total amount raised to date to US$5.5 million.
“SMEs are growing at an unprecedented pace in
Read more
Jack Ma

Jack Ma to train tech entrepreneurs in Indonesia

An adviser to the Indonesian government on e-commerce and executive chairman of China’s Alibaba Group Holding, Jack Ma, plans to open an institute to train thousands of tech entrepreneurs in Indonesia.
“We’re giving a lot of opportunities for young Indonesian people to learn,”
Ma told reporters after meeting Indonesian ministers on the sidelines of the International Monetary Fund and World Bank meetings
Read more

Indonesian Users Can Now Book Blue Bird Taxi Through The Go-Ride Service

The partnership between Indonesian ride-hailing service Go-Jek and taxi company Blue Bird has finally shown its result. The Go-Jek app (particularly on iOS platform) has officially been renewed with a feature that allows Go-Jek users to book for Blue Bird taxi through the Go-Ride service, which also includes the use of Go-Jek’s cashless payment service Go-Pay for payments.
Read more

Four Indonesian Major Commercial Banks To Integrate Their Cashless Payment Services

Four Indonesian major commercial banks- Mandiri, Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI), Bank Central Asia (BCA)- today announced a plan to integrate their cashless payment services under one network. The partnership is an implementation of a recent MoU on interconnectivity and interoperability, in order to support the country’s National Payment Gateway (NPG) programme.
Read more

Mastercard Index of Consumer Confidence Published; Bangladesh Recorded The Largest Gain

The Mastercard Index™ of Consumer Confidence survey, which is conducted twice every year since 1993 just published the report of H2, 2016. It’s all good news for Bangladesh. Bangladesh recorded the largest gain in Asia Pacific of 11.2 points to 82.8 points – a significant improvement in overall consumer confidence compared to H1 2016 where it saw a relatively smaller increase of
Read more