Uber picks Monika Rudijono as new head for Indonesia business


Monika Rudijono, who has a marketing background and is the first Indonesian president of Uber in Southeast Asia’s biggest economy, starts in January.

Indonesia: Azure Ventures leads seed round in SaaS startup MailTarget

Proceeds from the funding round were earmarked for product development and talent acquisition.

Indonesian Pizza Hut operator Sriboga Raturaya mulls $150m IPO

It will join Hermina Hospital Group and snack maker GarudaFood Group in seeking to sell stock.

UK money transfer startup WorldRemit raises $40m for Indonesia push

The APAC region now accounts for 25% of WorldRemit’s total revenue. Indonesia makes up about 40 per cent of WorldRemit’s transfers to the region.

Bank Indonesia bans fintech firms from using cryptocurrencies in payments

The central bank said it is examining whether there’s a need to regulate trading on virtual currency exchanges.

Exclusive: Indonesia’s online retailer Bhinneka revises IPO plan, may go public in 2018

It had earlier announced plans to sell a 30% stake via IPO in 2020.

Indonesia to curate 100 startups to showcase to global investors, aims to have 5th unicorn by 2019

The idea is to enable startups to secure late stages of series A, series B and above funding.

MUFG hopes to begin buying Bank Danamon Indonesia stake early 2018

MUFG will probably buy 40 percent of Danamon in two phases, the first of which may take place early in 2018

Indonesian unicorn Go-Jek CEO says aiming for IPO in next few years

Go-Jek will make the expansion of its digital-payment service Go-Pay in 2018 a top priority.

Dentsu Aegis buys Indonesian digital marketing firm Valuklik; East Ventures exits

Prior to this deal, East Ventures has exited Kudo to Grab and Loket to Go-Jek.