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Online shopping service provider, GrabToko, admitted to being cheated by investors. Management said that investors were embezzling consumer money. Managing Director of Grab Toko Indonesia Yudha Manggala Putra said that he had reported this to ...
China is putting pressure on Jack Ma’s business by issuing new rules, investigating Alibaba’s alleged monopoly, and asking Ant Group to overhaul the venture. This pressure is considered to have an effect on Southeast Asian ...
Ruangguru announced that it has served more than 22 million users throughout Indonesia until December 2020. With this number, the edtech startup recorded an increase of around seven million users, equivalent to 46 percent compared ...
The Indonesia Stock Exchange (IDX) continues to encourage local startups to conduct an initial public offering (IPO) on the stock exchange. Moreover, recently startups engaged in eCommerce with high valuations have given signals that they ...
The mutual fund investment startup, Bibit, raised US$ 30 million or around Rp. 418 billion from Sequoia Capital. This fresh fund will be used to attract users from beginner investors. Apart from Sequoia, East Ventures, ...
Educational startup Zenius announced an undisclosed amount of its Pre-Series B funding round. At this stage, new investors Alpha JWC Ventures and Openspace Ventures joined forces with Northstar, Kinesys, and BeeNext, which supported Zenius through ...
The Toll Road Regulatory Agency (BPJT) targets a multi-lane free-flow (MLFF) contactless system for toll road payments to be implemented this year. Financial technology (fintech) payment companies OVO, LinkAja, and DANA are also preparing to ...
Trawlbens, a logistic startup from Indonesia is optimistic that the company’s performance growth will accelerate in 2021. The company is optimistic that the logistics sector will get better in 2021 and will be a golden ...
Running a beauty or medical business is no easy feat due to the COVID-19 pandemic but Aoikumo (pronounced as Ah-wee-ku-mo) is poised to make it its mission to make the process a tad-bit easier using ...
An international educational technology company, upGrad, has started expanding operations to Indonesia. Ronnie Screwvala, Co-founder and Executive Chairman of upGrad said that the company provides online higher education programs according to the needs of the ...
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