Fintech lending startup, KoinWorks, received US$108 million (IDR 1.6 trillion) in Series C funding. The funding round was led by MDI Ventures, the corporate venture capital arm of Telkom Indonesia. Other participating investors are Quona Capital, Triodos Investment Management, Saison
According to BRI Ventures’ Chief Investment Officer, William Gozali, there were 87 Indonesian startups that received funding during the first half of 2021, and estimated the actual total numbers to be more than 100. Cumulatively, the startups have raised US$
The government is encouraging the manufacturing of medical devices to create a resilient supply chain during the Covid-19 pandemic. To date, Indonesia has been able to produce 16 of 19 categories of medical devices in-country. One of the government’s initiatives
Xendit announced the closing of its Series C funding round, raising US$ 150 million (IDR 2.1 trillion) from a number of investors. The firm is currently operating in Indonesia and the Philippines, and plans to expand into other markets with
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
The Cento Ventures report shares that funding for Southeast Asian startups fell 3.5% year-on-year, to US$8.2 billion in 2020. 70% of the funding went to Indonesian startups, followed by 14% to Singapore, and 5% to Malaysia. The majority of the
During this raise, Gojek will become one of LinkAja’s series B preferred shareholders, with total fund commitments of >US$ 100 million. Gojek Co-CEO, Andre Soelistyo, mentioned that the investment adds payment options to its platform in addition to GoPay, which
Following the Presidential Regulation No.10 of 2021, the Indonesian government now considers the ‘Ínvestment Business Sector’ as a Priority Business field to accelerate investments and job creation. The key eligibility criteria is based on alignment with national strategic programs and
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