Indonesia

5-month young Indon startup Ula raises US$10.5mil in seed funding
The new startup hailing from Jakarta, which is modernising distribution and credit in Indonesia’s traditional retail, has raised its initial seed funding led by Sequoia India
Indonesian coffee startup Kopi Kenangan raises US$109mil Series B
Sequoia Capital-led funding will fuel the rapidly growing company’s international expansion, enhancement of staff training, and accelerating cloud kitchen development.
Indonesia’s Qoala raises US$13.5mil Series A led by Centauri Fund
Largest amount raised by Insurtech from Indonesia - led by US$150mil Centauri Fund Processed 2 mil policies per month, up from 7k per month at launch in March 2019
TaniHub Group Raises US$17mil in Series A Extension Round
Roll out 3 new hubs to deepen coverage, provide smoother end-to-end supply chain process Building ecosystem to revitalize Indonesia’s agriculture system, farmers productivity & income
Realme achieves 865% year-on-year growth in Malaysia
The Shenzhen-based smartphone is the world’s fastest growing smartphone brand in 2019, and has achieved impressive growth in Malaysia despite smartphone market slowdown.
Printerous Secures Series A Funding, Boosts Indonesian Coverage
Ramp up its technology infrastructure and expand to 30 cities of Indonesia Partners over 250 printing and logistic providers, used by more than 35k businesses
Regional P2P car-sharing platform Moovby secures US$500k funding, eyes Thailand, Singapore next
Malaysia-headquartered Moovby, which allows users to rent out idle cars to other people, raised US$660,000 for regional expansion plans.
Pikom: Malaysia Risks Falling Behind Indonesia, Vietnam
Digitization needs to quickly happen, otherwise ‘we will have lost out’ New PIKOM think tank, Future Digital, about taking future into own hands
Robert Walters 2020 Salary Report: Digitisation Spurs Demand for Tech Talent in Southeast Asia
Hybrid skills sought-after in managers who can use technology to drive core business Jobseekers open to non-permanent roles if can gain on-job experience, pick up new skills
iCar Asia to acquire Carmudi Indonesia for US$3mil
iCar Asia strenthens its market position in Indonesia with proposed acquisition of Carmudi Indonesia by Oct 2019 for US$3 million.