The partnership between Grab and Emtek has been strengthened by onboarding Bukalapak to the collaboration. Grab and Emtek, a media conglomerate, are currently collaborating to create an MSME acceleration program called the Kota Mapan Festival, which will be held in
GoTo, Shopee and several technology companies, supported by East Ventures, have raised US$1 million to donate >1,000 oxygen concentrators to priority hospitals, with coordination from the Ministry of Health in Indonesia. Logistics startup, Waresix, is involved in storage and delivery
The Ministry of Health recorded over 34k new Covid-19 cases daily, with cumulative positive cases of Covid-19 reaching 2.37 million. Consequently, Good Doctor, a healthcare technology startup, recorded a six-fold increase in demand for telemedicine services in the past month.
Since the beginning of this year, there has been an increase in venture capital to startups. For example, Mandiri Capital Indonesia and BRI Ventures, injected funds into Bukalapak last April. MDI Ventures also participated in Series C funding for Cermati,
With a combined gross transaction value of >US$22 billion and >11 million merchants, GoTo’s core business include e-commerce services, goods delivery, food delivery, and transportation. The network of merchants and delivery partners in the GoTo Group presents a wide choice
Health startup, Halodoc, received Series C funding of US$80 million (IDR 1.16 trillion). The investment was led by Astra, along with other investors including Temasek, Telkomsel Mitra Inovasi, Novo Holdings, Acrew Diversify Capital Fund, and Bangkok Bank. Halodoc CEO, Jonathan
Grab’s journey to become a public company on the US stock exchange is facilitated by Altimeter Growth, a special purpose acquisition company (SPAC). Based on the proposed transaction plan, Altimeter Growth and Grab will be fully owned by a new
The Indonesian Joint Funding Fintech Association (AFPI) is expecting total loan disbursement of IDR86 trillion (US$5.9 billion) for 2021, a significant increase from IDR65 trillion (US$4.46 billion) in 2020. According to OJK, the non-performing loans (NPL) for outstanding credit past
Grab, Singapore’s ride hailing super app, is reportedly preparing to IPO on the New York Stock Exchange through a merger with a SPAC (special purpose acquisition company), at an estimated valuation of US$35 billion. The Financial Times reports that Grab
The Cento Ventures report shares that funding for Southeast Asian startups fell 3.5% year-on-year, to US$8.2 billion in 2020. 70% of the funding went to Indonesian startups, followed by 14% to Singapore, and 5% to Malaysia. The majority of the
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