US accelerator Plug and Play selects 11 startups for first Indonesian batch

Source: Plug and Play Indonesia

By Antonia Timmerman

May 8, 2017

US accelerator Plug and Play (PNP), in collaboration with investment advisory Gan Kapital, on Monday announced that it has selected 11 Indonesian startups for its three-month accelerator programme.

The startups – who will be granted around $50,000 each – are P2P lending Dana Didik, KYCK, Otospector, Bustiket, vehicle-advertising agency Karta, Sayurbox, bank account info provider Brankas, video job interview platform Astronaut, digital insurance provider Bandboo, recruitment app Wonderlabs, and Toucan.

They have been selected from among 400 others, who came from various cities in Indonesia such as Jakarta, Bandung, Yogyakarta, and Bali, as well as countries like Malaysia, Singapore, Hong Kong, India, and Germany.

Pitching sessions were conducted in stages in front of judges from PNP Indonesia, PNP Asia Pacific, PNP Silicon Valley, and representatives from corporate members like Astra International and Bank Negara Indonesia (BNI).

“Our corporate partners also have the right to vote for the startups who will be joining our accelerator programme,” president director of PNP Indonesia, Wesley Harjono, said in a statement.

“This is one of the ways to ensure that our startups will get the benefits of working with corporates,” he added.

Aside from funding, the startups will have access to workshops and co-working spaces in Jakarta. They will be mentored by experienced founders, investors, and professionals such as Sebastian Sieber (Lazada), Sukan Makmuri (KUDO), Natali Ardianto (Tiket.com), Nikita Semenov (Zen Room), and Rama Mamuaya (Daily Social), among others.

Plug and Play had previously said that it will commit to investing in about 50 Indonesian startups per year, deploying as much as $10 million budget.

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Indonesia: Telkom partners US accelerator Plug and Play; Jurnal raises Series A round

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500 Startups targets 100 Indonesian companies with latest $50m fund

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW