The investment, if it comes through cements Indonesia as a hot startup destination, with other strong startups to benefit more than rest of the pack.
Global Ventures Summit 2017 will play host to VCs, angel investors, corporates and LPs.
As Indonesia's largest online beauty community platform Female Daily Network (FDN) realised very quickly that it needed to focus on building its mobile customer base in order to maintain its position at the top.
Indonesia's e-commerce market is expected to hit US$81 billion in 2025, accounting for 40% of the total market in South-East Asia.
Go-Jek’s US$500mil funding shows that the Indonesian market is strong enough to birth unicorns, writes Masyitha Baziad.
Global Rooms Ltd, which owns and operates the Nida Rooms hotel reservation system, announced it has secured equity investment of US$4.2 million, led by venture capital firms Convergence Ventures and CyberAgent Ventures.
Indonesia and Malaysia have agreed to work together to develop both countries’ digital economy and startup ecosystem.
KL-based accelerator and early-stage investor 1337 Ventures has announced a partnership with Convergence Ventures, Baidu Indonesia and Gobi Partners to bring its Alpha Startups bootcamp to Indonesia.
Ematic Solutions raises US$1.07mil seed funding to further tap the email marketing segment and make it ‘smarter.’
Singapore-based social dating startup Paktor Pte Ltd said it has secured Series B funding of S$10 million (US$7.5 million) from Majuven, Convergence Ventures, and existing investor Vertex Venture Holdings (a wholly-owned subsidiary of Temasek Holdings).