Bukalapak: The multibillion-dollar business behind Indonesia’s iconic street stalls | CNBC Make It
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Sagara Technology
Sagara Technology is an industry-leading software development proficient in delivering web and mobile IT solutions, outsourced product engineering services, and a digital marketing agency to provide enterprises reinvent their objectives for the digital age.
Six years of implementing more than 150 projects, this experience provides Sagara with a great basis for a thorough understanding of processes at all project development stages. Sagara fulfils to establish complete and stable products of any complexity on the market, irrespective of its purpose.
Sagara Technology is an industry-leading software development proficient in delivering web and mobile IT solutions, outsourced product engineering services, and a digital marketing agency to provide enterprises reinvent their objectives for the digital age.
Six years of implementing more than 150 projects, this experience provides Sagara with a great basis for a thorough understanding of processes at all project development stages. Sagara fulfils to establish complete and stable products of any complexity on the market, irrespective of its purpose.
Indos
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Executive Column: Investree plans to go beyond SME financing
Fintech Investree CEO Adrian Gunadi(Courtesy of Investree/-)
Eisya A. Eloksari (The Jakarta Post)
PREMIUM
Jakarta ● Wed, September 15, 2021
The COVID-19 pandemic has hit Indonesia’s small and medium enterprises (SMEs) hard. Many struggled to survive 2020, let alone thrive beyond 2021. However, peer-to-peer (P2P) lending platforms have distributed Rp 15.7 trillion (US$1.1 billion) in loans in the first seven months of this year, a significant increase from Rp 3.51 trillion over the same period last year.
One of those lenders, Investree, has seen its business grow despite the pandemic and has distributed Rp 1.8 trillion in the first eight months of the year. The company also expanded its business to Thailand and the Philippines in March. On Sept.10, The Jakarta Post’s Eisya A. Eloksari interviewed Investree CEO Adrian Gunadi to explore the start-up’s funding and expansion plans as well as its partnership strategy.
Executive Column: Investree plans to go beyond SME financing
The peer-to-peer (P2P) lender’s CEO says he is looking to offer solutions beyond funding for SMEs as the company nears its sixth anniversary.
Indos
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Indonesia's GoTo bags $400 million from Abu Dhabi ahead of IPO
Investment part of fundraising round said to be targeting total of $1.5bn
Abu Dhabi Investment Authority sees promise in Indonesia's GoTo. (Source photos by GoTo Group/AFP/Jiji and screenshot from ADIA's website)
SHOTARO TANI, Nikkei staff writer
October 20, 2021 17:45 JST
JAKARTA -- Indonesia's largest private tech company GoTo has bagged $400 million from Abu Dhabi Investment Authority, the sovereign wealth fund owned by the Emirate of Abu Dhabi, ahead of its anticipated initial public offering.
asia.nikkei.com
Investment part of fundraising round said to be targeting total of $1.5bn
Abu Dhabi Investment Authority sees promise in Indonesia's GoTo. (Source photos by GoTo Group/AFP/Jiji and screenshot from ADIA's website)
SHOTARO TANI, Nikkei staff writer
October 20, 2021 17:45 JST
JAKARTA -- Indonesia's largest private tech company GoTo has bagged $400 million from Abu Dhabi Investment Authority, the sovereign wealth fund owned by the Emirate of Abu Dhabi, ahead of its anticipated initial public offering.
Indonesia's GoTo bags $400 million from Abu Dhabi ahead of IPO
Investment part of fundraising round said to be targeting total of $1.5bn
asia.nikkei.com
Indos
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Yup, our target is top 10 of nominal GDP in 2030. The hurdle is current leadership filled by older people who dont understand the importance of R&D to the advancement of nations. Asian countries like Japan, China, South Korea should be seen as example, even India R&D is much larger than Indonesia.
2024 is the start of younger leadership with candidates are in early and middle 50 years old, only Prabowo that will be the only older generation who still want to compete in 2024 Presidential election. So I hope some significant changes really happen starting in late 2025 in term of R&D budget.
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Raising IDR 21.9 T, Bukalapak Changes the Use of IPO Funds
MARKET - Syahrizal Sidik, CNBC Indonesia
23 December 2021 19:26
Photo: Bukalapak President Director Rachmat Kaimuddin ( Bukalapak Documentation )
Jakarta, CNBC Indonesia - E-commerce issuer, PT Bukalapak Tbk (BUKA), received shareholder approval to change the use of proceeds from the initial public offering (IPO).
As is known, the issuer codenamed BUKA obtained IPO funds worth Rp 21.9 trillion by releasing as many as 25.77 billion shares.
The President Director of Bukalapak, Rachmat Kaimuddin, said that this change is in line with the company's management strategy which focuses on the growth of the company and its subsidiaries.
"So that the company and its subsidiaries can grow better in the future and can develop sustainably. The company and its subsidiaries also always manage the costs incurred more efficiently," said Bukalapak President Director, Rachmat Kaimuddin, in a press statement, Thursday (23rd). /12/2021).
Meanwhile, the details of the changes in the use of these funds include, among others, around 33% for working capital.
Approximately 34% will be used for working capital of subsidiaries, in detail, around 15% will be allocated to PT Buka Mitra Indonesia; around 15% is allocated to PT Buka Usaha Indonesia; around 1% is allocated to PT Buka Investasi Bersama;
Then, around 1% was allocated to PT Buka Pengadaan Indonesia; around 1% is allocated to Bukalapak Pte. Ltd.; and around 1% is allocated to PT Five Jack.
The remainder will be used by the company and/or subsidiaries for business development but not limited to the purchase of shares or assets or investment in shares in one or more companies, including in the context of joint venture agreements, and other appropriate transaction methods.
In addition to the change in the use of IPO funds, Bukalapak's management also approved the resignation of Lau Eng Boon from the board of commissioners.
Lau Eng Boon previously served as a member of the Board of Commissioners of PT Bukalapak.com Tbk and has started his retirement at the Government of Singapore Investment Corporation Pte Ltd (GIC).
"We are optimistic that this development can continue to support Bukalapak's goals towards sustainable growth and profitability," said President Commissioner and Independent Commissioner of Bukalapak, Bambang Brodjonegoro.
www.cnbcindonesia.com
MARKET - Syahrizal Sidik, CNBC Indonesia
23 December 2021 19:26
Photo: Bukalapak President Director Rachmat Kaimuddin ( Bukalapak Documentation )
Jakarta, CNBC Indonesia - E-commerce issuer, PT Bukalapak Tbk (BUKA), received shareholder approval to change the use of proceeds from the initial public offering (IPO).
As is known, the issuer codenamed BUKA obtained IPO funds worth Rp 21.9 trillion by releasing as many as 25.77 billion shares.
The President Director of Bukalapak, Rachmat Kaimuddin, said that this change is in line with the company's management strategy which focuses on the growth of the company and its subsidiaries.
"So that the company and its subsidiaries can grow better in the future and can develop sustainably. The company and its subsidiaries also always manage the costs incurred more efficiently," said Bukalapak President Director, Rachmat Kaimuddin, in a press statement, Thursday (23rd). /12/2021).
Meanwhile, the details of the changes in the use of these funds include, among others, around 33% for working capital.
Approximately 34% will be used for working capital of subsidiaries, in detail, around 15% will be allocated to PT Buka Mitra Indonesia; around 15% is allocated to PT Buka Usaha Indonesia; around 1% is allocated to PT Buka Investasi Bersama;
Then, around 1% was allocated to PT Buka Pengadaan Indonesia; around 1% is allocated to Bukalapak Pte. Ltd.; and around 1% is allocated to PT Five Jack.
The remainder will be used by the company and/or subsidiaries for business development but not limited to the purchase of shares or assets or investment in shares in one or more companies, including in the context of joint venture agreements, and other appropriate transaction methods.
In addition to the change in the use of IPO funds, Bukalapak's management also approved the resignation of Lau Eng Boon from the board of commissioners.
Lau Eng Boon previously served as a member of the Board of Commissioners of PT Bukalapak.com Tbk and has started his retirement at the Government of Singapore Investment Corporation Pte Ltd (GIC).
"We are optimistic that this development can continue to support Bukalapak's goals towards sustainable growth and profitability," said President Commissioner and Independent Commissioner of Bukalapak, Bambang Brodjonegoro.
Raup Rp 21,9 T, Bukalapak Ubah Penggunaan Dana IPO
PT Bukalapak Tbk (BUKA), mendapat persetujuan pemegang saham untuk mengubah penggunaan dana IPO
www.cnbcindonesia.com
Indos
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Transmart will make JV with Bukalapak with 55 percent stake owned by the Transmart parent company, CT Corp, and 45 percent owned by Bukalapak. The JV company is e-commerce for fresh (meat, fish, vegetables) and grocery products.
CT Corp CEO, Chairul Tanjung, just announced it in front of the journalists (press)
Transmart is retail company (supermarket)
CT Corp CEO, Chairul Tanjung, just announced it in front of the journalists (press)
Transmart is retail company (supermarket)
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Indos
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Indonesia’s eFishery raises $90M from Temasek, SoftBank Vision Fund 2 and Sequoia Capital India
source : Link
Indonesia-based eFishery announced today that it has raised what it claims is the largest round of funding by an aquaculture tech startup in the world. The company, which provides feeding devices, software and financing for fish and shrimp farmers, got a $90 million Series C co-led by Temasek, SoftBank Vision Fund 2 and Sequoia Capital India, with participation from returning investors the Northstar Group, Go-Ventures, Aqua-Spark and Wavemaker Partners
The funds will be used to scale up eFishery’s platform and expand into the top 10 countries for aquaculture, including China and India.
eFishery’s products include software like eFarm, which lets shrimp farmers monitor their operations and eFisheryKu, which does the same for fish farmers. Its financing products include eFund, which connects fish farmers to financial institutions for products like a pay later service to buy suppliers. It says more than 7,000 farmers have used eFund so far, with total loans approved more than $28 million.
Other products include smart feeders that are now used by more than 30,000 farmers in Indonesia.
In a statement, Anna Lo, Investment Director at SoftBank Investment Advisers, said, “Indonesia is one of the world’s largest producers of fish and we believe its aquaculture industry can play a meaningful role in feeding the world’s growing population.”
Other Indonesian agtech startups that have recently raised significant rounds of funding include marketplaces TaniHub and Eden Farm, fishery “sea-to-table” company Aruna and social commerce startup Chilibeli.
efishery.com
source : Link
Indonesia-based eFishery announced today that it has raised what it claims is the largest round of funding by an aquaculture tech startup in the world. The company, which provides feeding devices, software and financing for fish and shrimp farmers, got a $90 million Series C co-led by Temasek, SoftBank Vision Fund 2 and Sequoia Capital India, with participation from returning investors the Northstar Group, Go-Ventures, Aqua-Spark and Wavemaker Partners
The funds will be used to scale up eFishery’s platform and expand into the top 10 countries for aquaculture, including China and India.
eFishery’s products include software like eFarm, which lets shrimp farmers monitor their operations and eFisheryKu, which does the same for fish farmers. Its financing products include eFund, which connects fish farmers to financial institutions for products like a pay later service to buy suppliers. It says more than 7,000 farmers have used eFund so far, with total loans approved more than $28 million.
Other products include smart feeders that are now used by more than 30,000 farmers in Indonesia.
In a statement, Anna Lo, Investment Director at SoftBank Investment Advisers, said, “Indonesia is one of the world’s largest producers of fish and we believe its aquaculture industry can play a meaningful role in feeding the world’s growing population.”
Other Indonesian agtech startups that have recently raised significant rounds of funding include marketplaces TaniHub and Eden Farm, fishery “sea-to-table” company Aruna and social commerce startup Chilibeli.
About eFishery | eFishery Indonesia
Find out more information about eFishery here. Let's grow together and make an impact in the Aquaculture sector!
efishery.com
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Jakarta-based SME financial platform KoinWorks scoops up $108M Series C
source :Link
The round brings KoinWorks’ total raised to $180 million. Existing investors who returned for its latest round include Quona Capital, Triodos Investment Management, Saison Capital, ACV and East Ventures. The new funds will be used for hiring about 400 new employees and scaling KoinWorks’ latest suite of products, SME Neobank.
KoinWorks is headquartered in Jakarta, with holding in Singapore and tech offices in Yogyakarta, India and Vietnam. KoinWorks was originally created to help SMEs, which are often turned away by traditional financial institutions, get access to working capital. Since then, it has also developed a comprehensive platform of financial tools to help its customers, including e-commerce vendors and social commerce sellers, increase their sales.
TechCrunch first profiled KoinWorks in 2019 when it raised $12 million for its lending platform. Demand increased as more businesses went online during the COVID-19 pandemic and the startup says its user base tripled to 1.5 million customers, and a waitlist of 100,000 SMEs who are being onboarded onto its new financial software. Co-founder and executive chairman Willy Arifin told TechCrunch in an email that since 2019, monthly loan disbursements have also tripled to nearly $50 million and revenue had quadrupled.
source :Link
The round brings KoinWorks’ total raised to $180 million. Existing investors who returned for its latest round include Quona Capital, Triodos Investment Management, Saison Capital, ACV and East Ventures. The new funds will be used for hiring about 400 new employees and scaling KoinWorks’ latest suite of products, SME Neobank.
KoinWorks is headquartered in Jakarta, with holding in Singapore and tech offices in Yogyakarta, India and Vietnam. KoinWorks was originally created to help SMEs, which are often turned away by traditional financial institutions, get access to working capital. Since then, it has also developed a comprehensive platform of financial tools to help its customers, including e-commerce vendors and social commerce sellers, increase their sales.
TechCrunch first profiled KoinWorks in 2019 when it raised $12 million for its lending platform. Demand increased as more businesses went online during the COVID-19 pandemic and the startup says its user base tripled to 1.5 million customers, and a waitlist of 100,000 SMEs who are being onboarded onto its new financial software. Co-founder and executive chairman Willy Arifin told TechCrunch in an email that since 2019, monthly loan disbursements have also tripled to nearly $50 million and revenue had quadrupled.
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Bookkeeping start-up Lummo gets $80m in series C funding
A person using the Lummo app is shown in this undated photo.(Courtesy of Lummo/.)
Eisya A. Eloksari (The Jakarta Post)
PREMIUM
Jakarta ● Wed, January 19, 2022
Bookkeeping start-up Lummo, which focuses on small and medium enterprises (SMEs), announced on Wednesday that it had raised US$80 million in series C funding to develop its platform.
The latest funding round was led by previous backer Sequoia Capital India and Tiger Global. Google’s venture capital arm, CapitalG, and several angel investors also participated in the round.
“This round of funding signals strong confidence from global investors that Southeast Asia is a booming region, especially in the technology sector,” Lummo founder and COO Lorenzo Peracchione told The Jakarta Post on Tuesday.
Bookkeeping start-up Lummo gets $80m in series C funding
The latest funding round has added to Lummo's war chest as competition to digitize the country’s SME sector heats up.
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Start-up digest: Fintech firms snag $163m in funding
Eisya A. Eloksari (The Jakarta Post)
PREMIUM
Jakarta ● Thu, January 13, 2022
Two Indonesian fintech start-ups have received a total of US$163 million in capital, kicking off fresh funding announcements in a year expected to deliver new unicorns from the sector.
Peer-to-peer (P2P) lender Koinworks announced on Monday that it had received $108 million in series C funding, while investment app Pluang said in a statement on Wednesday that it had bagged $55 million.
Experts have projected that Indonesia will see another record-breaking number of unicorns in 2022, likely coming from the fintech and e-commerce sectors, which grew rapidly amid mobility restrictions during the COVID-19 pandemic.
Start-up digest: Fintech firms snag $163m in funding
Online lender Koinworks and investment app Pluang raised a total of US$163 million in funding in January.
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Traveloka enters ride-hailing as super app race heats up
The Traveloka head office in Jakarta.(Courtesy of Traveloka/.)
Divya Karyza (The Jakarta Post)
PREMIUM
Jakarta ● Sat, January 22, 2022
Traveloka, the largest online travel start-up in Southeast Asia, has expanded into ride-hailing as part of its plan to become an all-encompassing digital platform, heating up the super app race in Southeast Asia.
The Jakarta-based unicorn valued at US$3 billion launched on Wednesday its QuickRide feature that allows users in 16 cities to book taxis from publicly listed local taxi provider Bluebird.
Iko Putra, CEO of transportation at Traveloka, said the company launched the new feature in response to increasing customer demand for on-demand ride-hailing. But there were no plans so far to introduce non-taxi ride-hailing.
Traveloka enters ride-hailing as super app race heats up
The online travel agent (OTA) unicorn previously launched food delivery and credit lending features.
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