Majoo, a startup engaged in digitizing micro, small and medium enterprises (MSMEs), raised US$10 million in funding from undisclosed equity investors from London, BRI Ventures, AC Ventures, Quona Capita, and Xendit.
Southeast Asia e-commerce and loyalty ecosystem company Society Pass Inc (SOPA) acquired online travel agency NusaTrip. This is SOPA's first step in expanding into the Indonesian market.
PT Saratoga Investama Tbk (SRTG) expanded into the data center business through its subsidiary, AtriaDC. The new unit will complement the company's portfolio in the technology infrastructure sector.
PT Saratoga Investama Sedaya Tbk (SRTG) is securing the green business through its investment in Forest Carbon.
Indonesia Stock Exchange (IDX) still has a long list of companies in its Initial public offering (IPO) pipelines, including PT Black Diamond Resources Tbk, a coal mining company that plans to hold an IPO this year.
Sinar Mas Group invested in the DANA digital wallet through its three entities, PT Dian Swastatika Sentosa Tbk (DSSA), PT Sinar Mas Multi Artha Tbk (SMMA), and PT Bumi Serpong Damai Tbk (BSDE), as a strategy to strengthen the digital ecosystem.
Astra Group will develop PT Bank Jasa Jakarta (BJJ) into a digital bank focusing on the retail customer segment. BJJ will connect to the Astra Financial ecosystem, which manages 12 business entities.
Startup Diri Care raised US$4.3 million in pre-seed funding from East Ventures and Sequoia Capital India. The startup was founded by former Traveloka executives, financial professionals, and beauty doctors.
PT GoTo Gojek Tokopedia Tbk (GOTO) has integrated online food delivery service GoFood into the Tokopedia app. This is the second integration after Gopay becomes the primary payment service on Tokopedia.
Japan-based tire manufacturer Bridgestone Corp will invest US$26.7 million to increase natural rubber production in Indonesia.