Tag Archives: Indonesia
How Fefifo aims to make farming cool again for the younger generation
It’s easy to assume that Fefifo is just another urban-farming-going-digital company on the surface. But dig deeper and you will understand why their approach to farming is different –if not revolutionary. The Malaysia-based agritech startup brings in the concept of coworking space into farming. They called it co-farming, where aspiring smallholder farmers can come and […]
In brief: Indonesia’s Burgreens raises funding; Shippit enters Singapore
Burgreens investment The story: DealStreetAsia reports that Indonesian plants-based food chain Burgreens has raised an undisclosed sum in funding. Investors: Teja Ventures, Angel Investment Network of Indonesia. What is Burgreens?: It is a plant-based food company which operates restaurants as well as provides Asian taste plant-based meats alternative. Burgreens was started in November 2013 by […]
Driving profitable growth for cloud native companies
As of today, the economic implications of COVID-19 are felt very palpably all over the world. While China maintains an optimistic position, business confidence in many other Asia Pacific countries has declined. US firms are some of the hardest-hit despite signs of state lockdowns ending soon, while buyer intent is also slightly down in Europe […]
Facebook reveals 13 participants selected for its Community Accelerator programme in Asia Pacific
Social media giant Facebook has selected 13 participants across the Asia Pacific region to join its six-month-long Community Accelerator programme in Asia. The accelerator is part of Facebook’s Community Leadership programme, a global initiative which is focused on investing in leaders that drive change in the world through community building, empowerment, and encouragement. “We received […]
In brief: Myanmar’s telemedicine startup MyanCare secures US$600K led by SPARX Group
MyanCare CEO Zaw Min Tun MyanCare raises funding The story: Myanmar based healthtech company MyanCare has secured US$600,000 investment. Investors: The SPARX Group (lead), Japanese tech company Scala, Japanese pharmacy dispensing chain AIN Holdings. Plans with the money: It aims to boost its “market-leading position in the telemedicine industry” of Myanmar. It plans to further expand locally. […]
Microsoft spins out 5-year-old Chinese chatbot Xiaoice
Microsoft is shedding its empathetic chatbot Xiaoice into an independent entity, the U.S. software behemoth said (in Chinese) Monday, confirming an earlier report by the Chinese news site Chuhaipost in June. The announcement came several months after Microsoft announced it would close down its voice assistant app Cortana in China among other countries late last year. […]
Ecosystem Roundup: Singapore tops autonomous vehicles readiness index; Karana, MyanCare raise funding; Zilingo lays off more staff
Karana gets US$1.7M seed funding for its ‘whole plant-based’ meat alternative made from jackfruit; Investors include Henry Soesanto, CEO of Monde Nissin, foodtech fund Germi8, Big Idea Ventures; Karana will also use the funding to launch its plant-based products in restaurants in Asia. More here Has COVID-19 pushed us into the digital future?; If the pandemic […]
How fintech can help reach the unbanked and underbanked in Southeast Asia
The six largest Southeast Asian countries represent one of the world’s largest and fastest-growing regions, with a population of 668 million and a thriving GDP of US$4.7 trillion by 2025. Of all industries in the region, the financial services sector holds an exceptional potential that could be released if essential underlying challenges are focused on. […]
It ain’t easy for Oyo and its partners
Oyo Indonesia made some changes to boost demand, a startup is making software testing as easy as ABC.
How SSIVIX LAB aims to make a difference in time of global health crisis with a one-stop healthcare app
The rise of the COVID-19 pandemic has led to a surge of popularity for telemedicine services in various markets, including Southeast Asia. In their insight, Bain & Company points out that as regular doctor visit becomes risky or even impossible, patients are turning to internet-based options for diagnosis and treatment. In fact, even before the […]
Ecosystem Roundup: Social Bella, Payfazz raise big funding; Sequoia raises US$1.35B for new India, SEA funds; S’pore led ASEAN in agrifoodtech funding in 2019
Indonesia’s Social Bella raises US$58M Series E from Temasek, Pavilion, Jungle; The firm runs online platforms SOCO, Beauty Journal, Sociolla, Lilla by Sociolla; The startup claims it is estimated to serve around 30M users in 2020; Local beauty and personal care market is expected to grow to US$8.5B by 2022. More here Who is leading your transition to […]
How early investment in tech pays off when startups expand to other markets
We started Ohmyhome in Singapore in 2016, with a goal to establish a one-stop Property solution. Since then, we have expanded to Malaysia and, later this year, our third market. While every startup faces unique challenges in attempting to expand, a common denominator for success has been early investment into building technology that will eventually […]
Alibaba Cloud expands global reach via two new international partnerships
Alibaba Cloud, the data backbone of Chinese e-commerce giant Alibaba Group, is expanding its global footprint via partnerships with international companies, including internet connection and data centre company Equinix and wide area network (WAN) company Aryaka.The collaboration with California-based Equinix will give Alibaba Cloud access to 17 markets around the world, including Dubai, Frankfurt, Hong […]
Indonesia’s Svara in talks for US$8M Series A, eyes Myanmar’s broadcast market
Svara, a digital media and broadcasting platform in Indonesia, is in discussions with several VC investors to raise US$8 million in Series A funding, its Co-founder and CEO Farid Fadhil Habibi told e27. The fund to be raised will be used for accelerating Svara’s growth and to acquire new users and content, Habibi said in […]
As Oyo Indonesia furloughed 400 staff, some workers and hotels pushed back
Oyo has also changed its revenue model with hotel partners and implemented new hygiene measures to boost demand.
In brief: BukuWarung and TiinTiin.id raise funding; BeliMobilGue rebrands to OLX Autos Indonesia
BukuWarung investment The story: BukuWarung, an accounting and credit management app for Indonesian micro-businesses, has secured pre-Series A funding Investors: Quona Capital (lead), East Ventures, AC Ventures, Golden Gate Ventures, Tanglin Venture Partners, Michael Sampoerna, Snapdeal founders. What is BukuWarung: The startup helps micro-businesses to manage their cash and credit transactions. Merchants receive 3x […]
A startup’s eye-popping claims
Indonesia’s GudangAda says it has hit US$1 billion in GMV in just 12 months. We couldn’t help but probe deeper.