KPPU approves TikTok’s $840M Tokopedia deal under strict terms, while GoTo-Grab merger hits regulatory walls. Indonesia’s ...

Following its acquisition of 75.01% of Tokopedia, TikTok is under investigation by Indonesia’s antitrust agency (KPPU) for potential monopolistic practices. The agency raised concerns over market ...

Singaporean startups secure significant late-stage funding: Insurtech firm Bolttech raised US$147 million in Series C funding, reaching a US$2.1 billion valuation. Wealth platform Syfe also closed an ...

🚨 What's New. Here are the most compelling developments from Indonesia’s startup ecosystem this past week: Indonesian OTT platform Vidio has reportedly reached unicorn status, with a valuation ...

Here’s a snapshot of the latest developments from Indonesia’s startup ecosystem: Funding Highlights: (1) Remind, an e-waste management startup based in Banten, secured US$1.3 million in funding led by ...

💸 Amartha secures US$55M from global development finance institutions. Fintech platform Amartha, known for its microloans to rural women entrepreneurs, has raised US$55 million from a syndicate of ...

One% Nutrition, a sugar-free protein drink brand, secured pre-seed funding from Init-6 (founded by Bukalapak’s Achmad Zaky & Nugroho Herucahyono), with participation from Malaysia’s First Move, ...

In Q1 2025, local tech heavyweights GoTo, Bukalapak, and Blibli showed signs of a shift toward healthier business fundamentals—driven by cost discipline, digital monetization, and operational ...

Here’s a roundup of notable developments from Indonesia’s startup ecosystem last week: PT Bukalapak.com Tbk (IDX: BUKA) announced a capital injection of IDR 657.65 billion (~US$39 million) into nine ...

2) Government Approves XL Axiata–Smartfren Merger Indonesia’s Ministry of Communication and Digital approved the long-anticipated merger between XL Axiata and Smartfren, forming PT XL Smart Telecom ...

Fore Coffee’s IPO oversubscribed 200x 🚀 Local coffee startup Fore Coffee successfully attracted massive retail investor interest during its IPO on April 8–10, 2025. The offering was oversubscribed ...