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
Sequoia Capital-led funding will fuel the rapidly growing company’s international expansion, enhancement of staff training, and accelerating cloud kitchen development.
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
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
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.
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
Malaysia-headquartered Moovby, which allows users to rent out idle cars to other people, raised US$660,000 for regional expansion plans.
Digitization needs to quickly happen, otherwise ‘we will have lost out’ New PIKOM think tank, Future Digital, about taking future into own hands
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 strenthens its market position in Indonesia with proposed acquisition of Carmudi Indonesia by Oct 2019 for US$3 million.