Indonesia: Grab launches next phase of $700m master plan; introduces GrabHitch

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Grab Indonesia has launched the second phase of its $700 million ‘Grab 4 Indonesia’ master plan, the company announced. Yesterday, the Singapore-based app introduced its first four-wheels social carpooling service – GrabHitch (Nebeng) Car – in the country. Nebeng is the Indonesian slang for hitching. The service is designed for… Read more »

Exclusive: PE firm Falcon House invests in Indonesia’s hospitality chain Ismaya Group

Falcon House is learnt to have invested $20-25m in Ismaya Group.


Exclusive: Global Founders Capital to invest up to $10m in Indonesia by year end

Rocket’s VC arm to invest in health-tech and insur-tech in Indonesia


Indonesia: Infonesia closes seed round from 500 Startups

To expand team, develop brand and acquire users.


Indonesia: Proterra invests $100m in FKS Food & Agri

Proterra picks up a minority stake in FKS


Indonesia: Ahlijasa raises seed round; Startup World Cup 2018 opens for application

On-demand laundry service provider Ahlijasa Indonesia has raised an undisclosed amount of seed funding. It has also announced the release of its iOS app. In another startup development, global pitch competition Startup World Cup returns in search for a $1 million investment prize winner in the SWC 2018. Ahlijasa seed… Read more »


500 Startups keeps 20% failure rate after 6 years: Khailee Ng

“Our pride is we have lot of companies that are actually profitable”.


Indonesia: GDP Venture in talks to buy shares of Tiket.com

Tiket.com had never raised a venture capital round.


Indonesia: Emtek Group confirms acquisitions of e-money services Espay, DOKU

Espay & DOKU are likely to be integrated into Emtek’s Blackberry Messenger.


Japan’s SBI Group invests $6.3m in Indonesian P2P lender Taralite

Tokyo-based fintech company SBI Group has invested $6.3 million into Indonesian peer-to-peer lending startup Taralite, the firm announced today. The financial terms were not disclosed. The funds will be used to build a “world-class R&D team”, which would build an algorithm for Taralite’s future plan to be a “one-stop shop”…. Read more »