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Indosat Ooredoo Hutchison and PT GoTo Gojek Tokopedia Tbk are excited to announce the first phase of development of Sahabat-AI, an open-source Large Language Model (LLM) ecosystem specifically designed for Bahasa Indonesia and its local languages.

Indosat Ooredoo Hutchison and GoTo Launch Sahabat-AI

Yan li -
Intudo, the only venture capital firm that exclusively focuses on Indonesia has secured $125 million in two new funds — a US$75 million fourth ​flagship "Indonesia-only" venture fund​ a​nd a ​US$50 million natural resources​ and renewable energy fund.

Intudo Secures $125 Mn Across two Investment Funds

Yan li -
an Indonesia-based lending-as-a-service infrastructure provider Finfra has raised US$2.5 million in a funding round led by Cento Ventures with participation from Accion Venture Lab, Z Venture Capital, Matiss Ansviesulis (founder of Avafin), and existing investors

Finfra Raises US$2.5 Mn Funding and Partners with Tyme Group

Yan li -
Clime Capital, a Singapore-based fund manager focused on accelerating the low carbon transition, today announced an investment through the South East Clean Energy Fund II (SEACEF II) in Indonesia-based distributed solar developer PT Investasi Hijau Selaras (Hijau). SEACEF II has the capability to invest up to USD 10 million in Hijau.Established in 2017, Hijau has been a pioneer in Indonesia’s still nascent solar market. With an established track record in delivering solar energy solutions for Commercial and Industrial (C&I) customers, the company is actively expanding its project pipeline to meet the growing demand for sustainable energy.

Clime Capital Invests in Indonesia-based Hijau

Team SR -
500 Global provided undisclosed early money to Indonesia-based MFI loan platform Djoin.

[FUNDING NEWS] Indonesia-Based Djoin has Secured Undisclosed Amount in Seed Round...

Team SR -
Together, Amadeus and tiket.com will integrate cutting-edge technological capabilities with improved air distribution material, including NDC content.

Indonesia-Based Ticket.Com has Partnered with Amadeus

Team SR -
The Indonesian system integrator PT. Nusatrindo Sejati was added by the French communications company Alcatel-Lucent Enterprise (ALE) to provide its Unified Communications solutions to Indonesian clients.

Indonesia-Based PT.Nusatrindo Sejati has Partnered with Alcatel-Lucent Enterprise (ALE) to Offer...

Team SR -
An announcement on Monday stated that PT Xurya Daya Indonesia (Xurya), an Indonesian startup focused on renewable energy, has raised $55 million, with the Norwegian Climate Investment Fund administered by Norfund serving as the lead investor

[FUNDING NEWS] Indonesia-Based Xurya secures $55 Million in Funding

Team SR -
Indonesia, the world's largest archipelago, lies in the Indian and Pacific Oceans between mainland Southeast Asia and Australia. This strategic location connects East Asia, South Asia and Oceania with major sea routes. Indonesia ranks 61st in the Global Innovation Index. 

Best Startup Companies In Indonesia

Startup Rise -
Sunday Ins Holding, a regional full-stack insurtech group in Southeast Asia, has completed the acquisition of PT KSK Insurance Indonesia in January 2024 after obtaining approval from Otoritas Jasa Keuangan, the financial services authority of Indonesia, making it one of the largest insurtech groups fully licensed in the 2 largest general insurance markets in the region with revenue surpassing US$100 million. Sunday first launched in Indonesia as a registered insurtech and licensed broker in 2022.

Sunday Acquires PT KSK Insurance Indonesia

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