Gravel, Indonesia's premier construction technology company, has raised a total of US$14 million from prominent investors including New Enterprise Associates (NEA), Weili Dai (Co-Founder Marvell Technology Group), Lip-Bu Tan (Executive Chairman of Cadence Design System and Chairman of Walden International), SMDV, East Ventures, and other strategic backers. This substantial...
Singapore's mainboard-listed fintech and digital banking solutions provider Silverlake Axis (SGX: 5CP) (SAL) has announced its partnership with Bank Mandiri Taspen (Bank Mantap). SAL is committed to Indonesia as a key growth market, and this agreement is the latest addition to its partnership base in the country. SAL and Bank...
  AC Ventures and Bain & Company have jointly released the much-anticipated report on Indonesia's venture capital (VC) landscape titled 'Indonesia Venture Capital Report 2023.' This comprehensive study delves into the current trends, challenges, and the future outlook of the VC industry. The Indonesian VC sector has undergone a notable transformation...
J&T Global Express Limited, a global logistics service provider, has been listed on the main board of the Hong Kong Stock Exchange today under the stock code “1519”. The Public Offer Price was HK$12.00 per offer share, with net proceeds from the global offering amounting to HK$3.528 billion (Over-Allotment...
A socio-economic impact study released by PwC Indonesia today reveals Traveloka, Southeast Asia's leading travel platform, is making significant social, environmental, and economic contributions to Indonesia, Malaysia, Singapore, Thailand and Vietnam, its core areas of operations. While Traveloka's primary economic contribution is within the tourism sector, its activities also extend...
Indonesia-based sustainable farming and supply chain traceability startup, Koltiva, has announced a major milestone in its journey with the successful closure of a substantial Series A financing round. The funding round was led by AC Ventures, a top-tier early-stage venture capital firm, and saw participation from notable investors including Silverstrand...
Otoklix, a company based in Indonesia, has reported significant annual growth and is on the verge of becoming profitable. The company has also revealed its strategy to play a central role in the country's upcoming electric vehicle infrastructure upgrade. Established in 2019, Otoklix is reshaping Indonesia's automotive aftermarket, a sector...
Soul Parking, a trailblazer in tech-enabled parking innovations in Indonesia, has unveiled an astonishing 100-fold surge in its top-line revenue over the preceding three years. This remarkable and sustainable expansion highlights its preeminent role in the country's urban mobility domain – a sector replete with societal challenges awaiting resolution. Indonesia's...
Indonesia's leading early-stage venture capital firm AC Ventures (ACV) and Boston Consulting Group (BCG) jointly released the country’s premier report on the decarbonization sector and its sweeping implications for the nation’s 'green growth' potential, outlining a pivotal role for the country on the global stage as it seeks to...
TikTok has reaffirmed its focus on becoming the platform where content and commerce converge, at the Shoppertainment Summit in Jakarta, Indonesia. TikTok said in a statement that it showcased the tools and experiences available on the platform to deliver a commerce experience that is led by entertainment, providing users who...
The winners of the prestigious HR Asia Best Companies to Work for in Asia Indonesia 2023 awards have been announced by HR Asia, a leading publication in the human resources industry. In its eighth year, the 2023 Indonesia programme recognised 70 outstanding organisations that have excelled in creating exemplary work environments for their employees. This year's theme is "Celebrate Diversity and Inclusion." HR...
Paywatch, a leading Earned Wage Access (EWA) provider in Asia, has partnered with Bank KB Bukopin to launch the first bank-backed EWA service in Indonesia, aimed at promoting greater financial inclusion and improving the financial well-being of employees. The successful launch of this service follows the signing of a...

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