Indonesia Digest: Bukalapak partners Tanamduit; Grab launches more services

In the latest moves by startup unicorns in Indonesia, online marketplace company Bukalapak has partnered with online investment platform Tanamduit to introduce mutual fund products to first-time retail investors while Grab has introduced two new services to support micro-entrepreneurs in Indonesia.

Bukalapak partners Tanamduit to diversify into MF products

E-commerce unicorn Bukalapak has teamed up with online investment platform Tanamduit to introduce mutual fund products to first-time retail investors.

The partnership will see the addition of more asset management firms and investment products into Bukalapak’s BukaReksa feature, which currently provides over 20 mutual fund products for all users.

New local asset management firms added onto the platform are Bahana TCW Investment Management, Batavia Prosperindo Asset Management and Sucorinvest Asset Management. The five new investment products, meanwhile, ranges from equity to fixed-income funds.

The move is the latest move by Bukalapak to branch out into various fintech services. The company, which started off as a pure e-commerce company in 2010, has launched a number of different online financial services including loans, credit and insurance, as well as mutual fund and gold investments.

In September, the company launched an e-wallet called BukaDana in collaboration with Emtek and Ant Financial-backed digital wallet firm DANA. This was followed by the launch of payment installment feature called BukaCicil in October.

Grab Indonesia launches two new services to support small businesses

Grab Indonesia has introduced two new services to serve the demands of micro-entrepreneurs in the country.

GrabExpress Car, the new service, enables the delivery of more goods with greater capacity to up to five-destinations in one booking.

The service is currently available in Jakarta and surrounding cities of Bogor, Depok, Tangerang and Bekasi.

Grab has also introduced GrabExpress Nalangin, a cash on delivery service for GrabExpress Bike, that allows micro-entrepreneurs to send their products to buyers while the cost will be paid by the driver partners first.

Over the last few months, Grab has been aggressive in its launch of new services and features in Indonesia as it continues to compete with local ride-hailing unicorn Go-Jek. Last month, Grab launched two new car-hailing services, GrabCar Plus and Rent a Grab Car, in Indonesia.

Also Read:

Bukalapak eyes investment products, P2P lending to cash in on fintech opportunity

Indonesia Digest: WeChat, Alipay making inroads; Bukalapak launches new feature

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.

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.