Indonesia Digest: Youtap rolls out service; Gojek unveils third cohort

Ilustrasi Gojek/ GO-JEK. REUTERS/Beawiharta

Salim Group-affiliated startup Youtap Indonesia has officially launched its service in Jakarta while Gojek has unveiled its third cohort comprising nine retail startups.

Salim Group-affiliate Youtap launches in Jakarta

Youtap Indonesia, the local unit of Singapore-based merchant services aggregator and mobile payment processing company Youtap, has launched its service in Jakarta on Tuesday.

Youtap, which has an R&D centre in Auckland and an office in South Africa, offers mobile money payments and financial services in EMEA & Asia.

In 2018, DealStreetAsia reported that Indonesian conglomerate Salim Group invested in Youtap, claiming a minority stake in the company.

The startup would support merchants to receive electronic payments from a range of consumer wallets, devices, and various payment methods, while also offering them applications to manage inventory and supply chain payments.

Aside from Salim Group, Youtap also partnered with Indonesia’s largest telco operator Telkomsel, along with McDonalds, LinkAja, DANA and ShopeePay.

Gojek unveils third cohort startups

Ride-hailing app Gojek has selected nine startups for the third cohort of its accelerator programme, Xcelerate, in partnership with Digitaraya. The shortlisted startups represent the daily needs-focused retail plays.

Launched in September 2019, Gojek Xcelerate aims to foster 35 startups from Indonesia and the Asia Pacific through curriculum-based training from Gojek with partners McKinsey & Co., UBS Bank, and Google Developers Launchpad.

The startups include a smart suitcase and padlock producer Sugar Technology; kidscare equipment rental platform Gigel; plant-based leather goods producer and marketplace Pijak Bumi; footwear producer Heiden Heritage; personalised skincare sellers Callista; poultry supplier Meyer Food; cosmetic seller Mad for Makeup; fresh produce marketplace Etanee and edtech platform Kiddo.

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.