Startup investment grows 68 times over the past five years to reach US$1.4 billion in 2016.
Inspired by large investments into its leading startups, there is a rising sense of belief among Indonesians that the country can build a strong startup economy.
The partnership with Alibaba will enhance the scale and quality of Tokopedia's offerings to its customers.
The investment will enable MEMBER.ID’s help Indonesian companies increase consumer retention via a tailored loyalty program solution.
P2P lending startup focuses on financial inclusion in Indonesia.
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.
Focus lies in giving startups from Indonesia access to opportunities to expand into Singapore and vice versa.
Moka raises US$2 million led by Mandiri Capital in an extension to its Series A funding round.
East Ventures raises money from prominent family offices and entrepreneurs across continent to invest into SEA.
AlgoMerchant is seeking to build an ecosystem for retail investors, and wants to bring algorithmic and social trading to the masses.