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,
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
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$8.2 billion in 2020. 70% of the funding went to Indonesian startups, followed by 14% to Singapore, and 5% to Malaysia. The majority of the
‘Superapp’ refers to a closed digital ecosystem with many applications that users use daily. In Indonesia, the superapps are no longer limited to Gojek and Grab; Bukalapak, Shopee and Koinworks have also been developing a variety of services to become
Investors expect existing healthcare startups, fintech and e-commerce platforms to consolidate via mergers and acquisitions in 2021. Meanwhile, unicorns such as Gojek, Tokopedia, Traveloka and Bukalapak have announced their readiness for IPOs. The fintech sector is primed for consolidation partly
During this raise, Gojek will become one of LinkAja’s series B preferred shareholders, with total fund commitments of >US$ 100 million. Gojek Co-CEO, Andre Soelistyo, mentioned that the investment adds payment options to its platform in addition to GoPay, which
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