Indonesia’s handicrafts marketplace Qlapa announces shutdown


The announcement was made through a post on the company’s Instagram account, in which it admitted that it had been “unable to make Qlapa profitable and sustainable”.

Long way to go before consolidation happens in Indonesia, says Warung Pintar CEO

Hadinegoro has taken the company through three funding rounds, raising a total of over $35 million in the space of just over a year.

Indonesian unicorn Traveloka expands beyond SE Asia, lands in Australia

The launch of its services in Australia marks its first expansion outside Southeast Asia. 

Indonesia Digest: Kredivo, Moka pact; InfraDigital seed round; Migo faces hurdle

Indonesian e-bike sharing startup Migo is facing regulatory challenges just a few months after its launch.

Indonesian conglomerate in talks to acquire beauty startup Female Daily

The beauty-focused community startup boasts 2.5 million users on its website and app, and claims to be already profitable.

Indonesian retail tech startup Warung Pintar acquires Limakilo

The Limakilo deal comes just over a month after Warung Pintar announced the completion of its $27.5-million Series B round.

StanChart says stake in Indonesia’s Bank Permata ‘no longer core’, hints at exit

Based on Bank Permata’s current market cap of $2 billion, StanChart’s stake in the Indonesian lender is worth about $891 million. 

What stands in the way of telco consolidation in Indonesia? Regulation and plenty more

With a national election looming in April, it remains uncertain if any reform on spectrum transfer can be made in time.

Olam acquires majority stake in Indonesia’s top cocoa processor for $90m

The Singapore-based global food and agri-business said it will pay $90 million for the stake in YTS Holdings Pte, the owner of BT Cocoa.

Two Indonesian football clubs eye public listing on IDX

Football is Indonesia’s number one sport which attracts enormous public interest. However, the country’s premier professional league is currently beset by match-fixing allegations, which has dragged a number of clubs into potential legal trouble