Tag: #companies & entrepreneurs

Technology
Beauty-tech Social Bella Raised $58 million Series E
Securing a large amount of funding amid the pandemic shows investors’ trust in Social Bella in becoming a prominent player in Indonesia’s $8.5 billion beauty and personal care market.
MP
Marella Putri 5 days ago . 1 min read
Companies
East Ventures Announced First Close of Latest Seed Fund
The fund aims to raise a total of $88 million to help Southeast Asian digital companies emerging in the post-lockdown aftermath of the COVID-19 pandemic.
MP
Marella Putri 2 weeks ago . 2 min read
Technology
Logistics Platform Shipper Raised Series A Funding
The funding round was led by Prosus Ventures, and will be used to expand Shipper's reach in Indonesia.
MP
Marella Putri 3 weeks ago . 1 min read
Companies
Gojek Xcelerate's Fourth Batch Announced 11 Startups
The fourth batch of Gojek Xcelerate focuses on startups providing Direct-to-Consumer business model.
MP
Marella Putri 3 weeks ago . 1 min read
Companies
MMP Teams Up for Indonesia-focused Logistics Property Venture
Mega Manunggal Property teams up with Alpha Investment Partners and Asuransi Jiwa Manulife Indonesia to set up an Indonesia-focused logistic property venture, with a $200 million initial target size.
MP
Marella Putri 3 weeks ago . 1 min read
Companies
Fashionable Measures
For years publicly listed textile manufacturer Sritex is famous for producing military uniforms for the Indonesia Military (TNI) and several countries. Now, the company is racing to meet the demands of face masks and PPE during outbreak.
EV
Elisa Valenta 1 month ago . 7 min read
Companies
Sekar Laut records positive performance in 2020 1Q amid COVID-19
The growth is mainly driven by the sales of SKLT’s Finna seafood crackers, despite the economic turbulence that started months ago
MP
Marella Putri 1 month ago . 1 min read
Technology
Accommodation startup Bobobox sealed $11.5 million series A funding
Led by Horizon Ventures and Alpha JWC Ventures, the fund will be used to accelerate product improvement and location expansion.
MP
Marella Putri 1 month ago . 3 min read
Companies
Bank Rakyat Indonesia posted flat earnings in 1Q
Affected by COVID-19 pandemic, the bank saw its net profit dropped and NPL rose from a year earlier
MP
Marella Putri 1 month ago . 1 min read
Companies
PT Mayora Indah's Q1 had robust earnings growth but shrinking top line
The company’s sales declined due to the weakening export market
MP
Marella Putri 1 month ago . 1 min read
Companies
Empowering MSMEs
Koinworks seizes the financing opportunity in supporting micro, small, and medium enterprises.
EC
Ester Christine Natalia 2 months ago . 4 min read
Invesment
Circulate Capital invests in Jakarta-based recycling company Tridi Oasis
It is the first investment of the firm's $106 million Ocean Fund. The undisclosed amount will help Tridi Oasis to scale and expand its recycling capacity.
MP
Marella Putri 2 months ago . 4 min read
Companies
KINO booked 11% increase in sales, challenges remain ahead
After a positive performance in Q1-2020, the cost of KINO's raw materials and slowing distribution due to the COVID-19 pandemic may challenge the company's 2020 target
MP
Marella Putri 2 months ago . 2 min read
Companies
ROTI booked positive growth in Q1-2020
The company recorded net sales of Rp 912.9 billion YoY, a 15.3% increase from last year driven from its traditional and modern trade channels.
MP
Marella Putri 2 months ago . 1 min read
Invesment
Surge of Sequoia Capital India announced 15 startups joining the accelerator program
There are three Indonesian startups in Surge's third cohort Surge 03 2020: Bukukas, CoLearn, and Hangry
MP
Marella Putri 2 months ago . 2 min read