Living Lab Ventures to help global startups enter Indonesia with new launchpad
Tech in Asia » Indonesia
by Lokesh Choudhary
1d ago
LLV Launchpad will provide startups with insights into the local market and connect them to investment opportunities ..read more
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Kenangan Brands launches affordable coffee brand
Tech in Asia » Indonesia
by Lokesh Choudhary
1d ago
The Indonesia-based coffee chain said the new business - called Satu Kenangan - will be open to franchising deals ..read more
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Indonesia’s Vidio aims to double paid subscribers amid funding, IPO plans: report
Tech in Asia » Indonesia
by Gabriel Budi Sutrisno
2d ago
In 2023, the platform claimed to be Indonesia's largest streaming service with 4.1 million paid subscribers ..read more
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BYD to set up $1.3b EV plant in Indonesia, targets operations by 2026
Tech in Asia » Indonesia
by Gabriel Budi Sutrisno
3d ago
The Chinese EV maker expects the plant to produce up to 150,000 units per year ..read more
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Indonesia’s Blibli earns $241m in revenue for Q1, cuts EBITDA loss by 30% YoY
Tech in Asia » Indonesia
by Miguel Cordon
3d ago
Part of the growth came courtesy of Tiket.com, its online travel agent business, which benefited from a surge during the Ramadan period ..read more
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Traveloka repays $300m loan as travel sector recovers
Tech in Asia » Indonesia
by Miguel Cordon
4d ago
The Indonesian firm took the loan in 2022 from BlackRock, Orion Capital Asia, Allianz Global Investors, and the Indonesia Investment Authority ..read more
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Microsoft to invest $1.7b for AI, cloud infrastructure in Indonesia
Tech in Asia » Indonesia
by Jofie Yordan
4d ago
The company said it marks the “single largest investment in Microsoft’s 29-year history” in the country ..read more
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GoTo narrows adjusted losses by 89%, boosts gross revenue by 18% in Q1
Tech in Asia » Indonesia
by Samreen Ahmad
5d ago
The Indonesia-based firm expects to hit group adjusted EBITDA breakeven for the full 2024 year ..read more
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Bukalapak hits adjusted EBITDA profitability, logs 16% revenue jump in Q1
Tech in Asia » Indonesia
by Miguel Cordon
5d ago
Cost improvements, higher top-line revenue, and a strong quarter for its O2O unit contributed to the growth, said Bukalapak president Teddy Oetomo ..read more
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Indonesian news outlet DailySocial.id lays off whole staff amid major restructuring
Tech in Asia » Indonesia
by Miguel Cordon
5d ago
DailySocial.id will still be publishing content and will not be shutting down its entire operations, CEO Rama Mamuaya told DealStreetAsia ..read more
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