Bstartup

A three-day Local Startup Festival themed “Tech for All” hosted by local creative business communities Local.co.id and StartUpLokal has been held on February 2017 featuring industry veterans as well as novice startups and tech enthusiasts who shared insider tips and tricks on how to make it in the startup world. Startup companies in the festival's line-up include Elevenia, Bhinneka.com, GetCraft, UangTeman and Gojek.

http://jakartaglobe.id/business/local-startup-festival-showcases-industry-quirks/

'Local Startup Festival' Showcases Industry and Its Quirks | Jakarta Globe A three-day Local Startup Festival opened in Jakarta on Friday (24/02), featuring industry veterans as well as novice startups and tech enthusiasts.

Kejora, a VC firm and startup hub in Indonesia, will give a new venture fund for Southeast Asian startups. Its target size is US$80 million and about a third of it has been secured at this point.

https://www.techinasia.com/kejora-fund-2

Kejora targets growth-stage startups with $80m fund for Southeast Asia Another fund is in place to back Southeast Asian startups reaching their growth stage.

Printerous, an Indonesian digital printing service, raised a US$1.4 million pre-series A investment led by Singapore’s Golden Gate Ventures. Printerous lets companies and individuals custom print designs on things by send their designs over the internet and can get orders delivered.

https://www.techinasia.com/printerous-pre-series-a

With pre-series A funding, Indonesia’s Printerous sets sight on Southeast Asian expansion The startup wants to tap into the US$9.1 billion market for digital printing. Its newest round was led by Singapore’s Golden Gate Ventures.

The Ministry of Communications and Information Technology has teamed up with social media platform Twitter to combat the circulation of fake news to improve Indonesia's digital literacy and response to complaints and reports on problematic content.

http://jakartaglobe.id/news/twitter-joins-ministry-combat-fake-news/

Twitter Joins IT Ministry to Combat Fake News | Jakarta Globe The Ministry of Communications and Information Technology has teamed up with social media platform Twitter to combat the circulation of fake news.

Sinar Mas Land plans to start construction on the first building in a smart city project claimed to be "Indonesia's Silicon Valley" and located in its signature township of Bumi Serpong Damai, known as BSD City, in Tangerang, Banten.
The building will set to become home to IT-based companies, research centers, software developers, computer designers and animation-video production companies

http://jakartaglobe.id/business/sinar-mas-land-start-construction-indonesias-silicon-valley-h2/

Sinar Mas Land to Start Construction on 'Indonesia's Silicon Valley' in H2 | Jakarta Globe Sinar Mas Land plans to start construction on a smart city project claimed to be "Indonesia's Silicon Valley" in the second half of this year.

Sociolla, an Indonesian e-commerce site, secured an undisclosed amount of series B funding from Japan-based fashion company Istyle and local venture capital firm East Ventures. It will be used to expand its team in the tech and media division, increase operational staff, and add new features on its website.

http://www.dealstreetasia.com/stories/indonesia-sociolla-secures-series-b-funding-from-istyle-east-ventures-63458/

Indonesia: Sociolla secures series B funding from Istyle, East Ventures Sociolla’s new partner, Istyle, operates a popular beauty website

Berrybenka, Indonesian fashion e-commerce platform, has secured an “eight-digit” US dollar fresh investment from institutional investors Maj Invest Private Equity, Asia Summit Capital, and Softbank-Indosat Fund. This investment would fund marketing and user acquisition, talent acquisition and retention as well as inventory cycle.

http://www.dealstreetasia.com/stories/indonesia-63670/

Indonesia: Berrybenka secures funding in round led by Maj Invest Fashion e-commerce platform Berrybenka has closed an investment from Dutch PE firm Maj Invest, among others.

Toge Productions, an Indonesian indie game developer studio, has received an undisclosed amount of funding from Discovery Nusantara Cpital (DNC), the investment arm of China-based game company Zhexin IT Co. It will be used to accelerate growth, and help in bringing “high quality games from Indonesia to the global market”, according to Toge’s management team

http://www.dealstreetasia.com/stories/indonesia-game-developer-toga-productions-receives-funding-from-zhexins-dnc-63975/

Indonesia: game developer Toga Productions receives funding from Zhexin’s DNC February 1, 2017:  Toge Productions, an Indonesian indie game developer studio, announced today that it has received an undisclosed amount of funding from Discovery Nusantara Cpital (DNC), the investment arm of China-based game company Zhexin IT Co. The early-stage funding will be used to accele...

Plug and Play Indonesia, the newly launched joint venture between United States-based business accelerator Plug and Play and local venture capital firm Gan Kapital, is set to invest in at least 50 local startups annually over the next four years. The startups will receive funding, mentorship, complimentary co-working space and additional support as part of a three-month accelerator program.

http://jakartaglobe.id/business/plug-play-arrives-indonesia-promises-funding-local-startups/

There are nine startup founders including Rifki Pratomo (Andalin), Errika Ferdunata (Bildeco), Marvinus Kokoh Arif (Fishare), Antonius Stefanus (Neetip), and Erik Hormein (Sevva) who will depart to Silicon Valley as part of the process of the sixth batch Jakarta Founder Institute.

https://e27.co/jakarta-founder-institute-graduates-6-startup-founders-sixth-batch-20170215/

Jakarta Founder Institute graduates 9 startup founders for its sixth batch Apart from announcing five best graduates, all of the graduating startups will depart to Silicon Valley

There is a possibility that Tencent Holdings, a Chinese internet giant company, will be investing to Gojek. But there are no details yet on the potential size of the investment.

http://www.dealstreetasia.com/stories/chinas-tencent-holdings-in-talks-with-indonesian-go-jek-for-investment-65182/

Tencent in talks to invest in Indonesian unicorn Go-Jek Chinese internet giant company Tencent Holdings is reportedly in talks with Indonesian unicorn app Go-Jek about a possible investment.

Indonesian financial services authority (OJK) prepare a regulation that would allow local fintech companies to lend money directly to their customers, a practice known as on-balance-sheet model. Fintech companies offering on-balance-sheet model are required by regulation to convert into the P2P lending scheme.

https://e27.co/indonesias-financial-services-authority-allow-balance-sheet-lending-fintech-startups-20170215/

Indonesia authority to allow on-balance-sheet lending for fintech startups The proposal came about two months after the authority banned fintech startups from lending money directly to their customers