The value of the e-commerce market in Indonesia is estimated to have grown to the range of USD $55 – $65 billion by 2022. This estimate stems from a new report, titled The Digital Archipelago: How Online Commerce is Driving … Continue reading →
East Ventures, a Southeast Asian venture capital company, announced an investment of 30 million USD for Indonesian startups. This is the sixth fund collected and managed by the three founders of East Ventures; Willson Weather, Batara Eto, and Taiga Matsuyama. A recent … Continue reading →
A recent study by technology giant Google and United States-based global management consultancy AT Kearney shows growing investor confidence in Indonesia’s startup market, with investment in the sector having grown 68-fold over the past five years to $1.4 billion in 2016. The report … Continue reading →
The Ministry of Communications and Information Technology, in cooperation with the Japan External Trade Organization, held an event in Jakarta on Tuesday (12/09) to partner Indonesian start-ups with Japanese investors in an effort to lure foreign investments into the country … Continue reading →
Azhar Hasyim, director of E-Business at the Communications and Information Ministry, views that Indonesia has the potential to be the third largest e-commercemarket in the world above South Korea. “The Communications and Information Ministry supports startup companies in Indonesia,” Azhar said … Continue reading →