Jokowi asks followers to stop campaign to uninstall Bukalapak app


Bukalapak CEO drew the ire of Jokowi’s supporters for a Twitter post that said the government was spending too little on R&D, and suggested that a new president might do a better job of beefing up the budget.

Go-Jek seeks bank pitches to raise additional $2b in ongoing round

The additional capital from new investors would take the total haul from the current round to around $3 billion.

French media giant Vivendi to pick 20% initial stake in TV arm of Indonesia’s MNC

Vivendi planned to eventually buy a 50 per cent stake in PT MNC Vision Networks worth up to $500 million.

Indonesia’s trader platform Stockbit acquires mutual fund app Bibit

Prior to the acquisition, which took place late last year, Bibit was an OJK-licensed tech-based mutual fund seller.

Indonesia-focused Intudo Ventures closes $50m second fund

LPs in the fund include US-based family office of former Walgreens CEO Greg Wasson, Founders Fund and Japan’s World Innovation Lab.

Indonesia’s newest listed startup DIVA eyes more investments this year

The company raised over Rp 630 billion ($45 million) in its November 2018 IPO and followed it up with a 30% stake in startup Pawoon.

Indonesian used car startup bags $10m Series A

The latest funding will help the company further expand into key Indonesian cities, launch new verticals, enhance sales and marketing efforts, and hire new staff.

Indonesian smart city app Qlue closes Series A with MDI Ventures’ backing

Qlue CEO Rama Raditya said the funding from MDI was “mostly strategic” and will be used to hire talent in the field of artificial intelligence.

Exclusive: US-based HR tech startup Resume Ranks to raise $10m for SE Asia expansion

Resume Ranks, which has raised $500k from angel investors, is planning to launch in parts of the US, Indonesia, Thailand and Singapore in the second quarter of 2019.

Citi downplays Indosat merger after rumor doubled share price

The stock has doubled in a month on deal speculation. Citigroup Inc. says a merger would make no sense for Indonesia’s PT Indosat.