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Start up News

Indonesian e-commerce solutions company Sirclo acquires Warung Pintar

Sircolo, an e-commerce solutions company, acquires Warung Pintar, a marketplace for independent retailers (“warungs”). The acquisition aims to strengthen Sirclo’s proposition  as the go-to omnichannel solution for brands, distributors, MSME merchants, and end consumers. Sirclo Group CEO, Brian Marshal, said

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Start up News

Koinworks raised Series C funding of US$108million

Fintech lending startup, KoinWorks, received US$108 million (IDR 1.6 trillion) in Series C funding. The funding round was led by MDI Ventures, the corporate venture capital arm of Telkom Indonesia. Other participating investors are Quona Capital, Triodos Investment Management, Saison

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Start up News

Indonesia is fifth globally in number of startups

Indonesia has the fifth largest number of startups (2,305 in total) globally, according to Startup Ranking. Based on Startup Ranking data, the country with the most startups in the world is the United States with 69,565 companies, followed by India

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Start up News

Indonesia’s digital startups to attract more funding

  The Minister of Communication and Information (Kominfo) expects Indonesia to have two decacorns (startups with a valuation >US$ 10 billion), following Gojek’s success. Kominfo estimates Indonesia’s digital economy to reach US$ 124 billion by 2025 and US$ 315.5 billion

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Climate And Green News

8 Startups Including Gojek Enter the Green Economy

  The latest report by Bain, Microsoft and Temasek Holdings, highlights the green economy opportunity in Southeast Asia. Currently, there are at least eight startups in Indonesia, including Gojek, investing in decarbonisation initiatives. The report highlights an investment gap of

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Impact News

Ag-tech startups face three structural gaps in the Agriculture sector

Indonesia’s agriculture sector remains underinvested and has yet to realise its economic potential. Microsoft and agricultural startup, TaniHub Group, aims to address this by providing technology-enabled services to increase productivity. However the technology companies in the agriculture sector face three

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