Go-Jek doubles down on India with yet another talent acquisition

Go-Jek may be based in Southeast Asia, but the multi-billion-dollar ride-hailing firm continues to tap India for engineering talent. The Indonesia-headquartered firm announced today that it has acquired AirCTO, a recruitment platform based in Gurgaon. The acquisition, the price of which has not been disclosed, is a talent grab. AirCTO’s platform uses a mix of […]

Startups Weekly: Will the real unicorns please stand up?

Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s noteworthy venture capital deals, funds and trends. Before I dive into this week’s topic, let’s catch up a bit. Last week, I wrote about the sudden uptick in beverage startup rounds. Before that, I noted an alternative to […]

EV Growth closes $200M fund to cover Southeast Asia’s Series B funding gap

East Ventures has long been known as one of Indonesia’s longest-serving and most active seed-stage investors, but now it has officially moved up the food chain after it announced a final close of its growth fund at $200 million. Called EV Growth, the fund is a joint venture between East Ventures, SMDV — the VC […]

Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow

In 2016, former World Bank analyst Eka Pamitra teamed up with five friends to start a business that would help farmers in their native Indonesia. Today their company — TaniGroup — closed a $10 million Series A round that’s aimed at expanding its service nationwide with the support of the government. TaniGroup works for more […]

Indonesia’s vegetable hawkers are going digital thanks to a new startup

Few things are more interesting than the convergence of old and new. It’s with that in mind that we once again look to Indonesia, where East Ventures, an early-stage VC that’s behind a project to digitize the country’s street vendors, has backed a new startup that is modernizing street vendors who sell fresh produce. In […]

Nigeria’s Gokada raises $5.3M round for its motorcycle ride-hail biz

In many large cities across Africa, motorcycle taxis are as common as yellow cabs in New York. That includes Lagos, Nigeria, where ride-hail startup Gokada has raised a $5.3 million Series A round to grow its two-wheel transit business. Gokada has trained and on-boarded more than 1,000 motorcycles and their pilots on its app that […]

Indonesia restricts WhatsApp, Facebook and Instagram usage following deadly riots

Indonesia is the latest nation to hit the hammer on social media after the government restricted the use of WhatsApp and Instagram following deadly riots yesterday. Numerous Indonesia-based users are today reporting difficulties sending multimedia messages via WhatsApp, which is one of the country’s most popular chat apps, and posting content to Facebook, while the […]

A young entrepreneur is building the Amazon of Bangladesh

At just 26, Waiz Rahim is supposed to be involved in the family business, having returned home in 2016 with an engineering degree from the University of Southern California. Instead, the young entrepreneur is plotting to build the Amazon of Bangladesh. Deligram, Rahim’s vision of what e-commerce looks like in Bangladesh, a country of nearly […]

Food delivery startup Dahmakan eats up $5M for expansion in Southeast Asia

It’s harvest season for Southeast Asia’s full-stack food delivery startups. Following on from Singapore’s Grain raising $10 million, so Malaysia-based Dahmakan today announced a $5 million financing round of its own. The money takes the startup to $10 million raised to date — its last round as $2.6 million last year — and it comes […]

Chat app Line is adding Snap-style disappearing stories

Facebook cloning Snap to death may be old news, but others are only just following suit. Line, the Japanese messaging app that’s popular in Asia, just became the latest to clone Snap’s ephemeral story concept. The company announced today that it is adding stories that disappear after 24 hours to its Timeline feature, a social network-like […]