The conglomerates powering Indonesia’s tech landscape

The conglomerates powering Indonesia’s tech landscape 1

Daily Newsletter

Hello there

My family often jokes about how I single-handedly fuel the growth of some companies. As someone who shops online, tunes into over-the-top content, and orders in food – all of them a little too much – sometimes I feel the same way too.

It can be hard to take a step back and see who the different players are in a specific industry, or who’s really powering the tech we rely on so much. At Tech in Asia, we’ve been doing the hard work and drawing up different landscape reports so that you’ll know the names behind your next online purchase.

— Nikita



The conglomerates powering Indonesia’s tech landscape 2

Mapping Indonesian conglomerates’ tech activities
For decades, Indonesia’s largest corporations have survived by adapting to changing circumstances. Now, with the advent of tech, they must transform again.



The conglomerates powering Indonesia’s tech landscape 3
Alibaba’s Q2 net profit plunges 81%
The Chinese internet titan slashed its revenue guidance for FYE 2022 to a 20% to 23% year-on-year growth.
The conglomerates powering Indonesia’s tech landscape 4
Animoca Brands co-leads $3.8m seed round of NFT gaming guild hub
BlockchainSpace said it currently serves over 2,000 guilds and more than 545,000 players.
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YC-backed crypto exchange banks $5.5m in seed round
The platform allows users to keep track of friends’ portfolios while interacting with and following experts for investment strategies.
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SGInnovate-backed greentech firm banks $2m from GGV
The funding from GGV will boost Resync’s market expansion across the Asia Pacific and the Middle East and drive business development.
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Indonesian home cleaning firm bags $3m in series A round
Okhome offers general cleaning, disinfection, and air conditioner maintenance services in the Greater Jakarta and Surabaya areas.
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China Roundup: Bilibili to raise $1.6b in debt, more
Also, a 3D vision startup bagged US$22 million to build metaverse content, Alibaba poured US$6.3 million into a ride-hailing company, and other news.


You can also check out a curated list of trending tech events over here.

  • *Live* [Workshop] An equity framework for early-stage startups on November 23
    As a founder of an early-stage startup, setting the value of the equity you will be distributing to your investors and employees is one of the most important decisions. Tune in to our 30-minute workshop on November 23 with Andy Lee, CEO of stakeholder management software-as-a-service company Sprout, to learn all the essentials about building your own equity framework. This workshop is available to attend for free!
  • Scale-up Masterclass with Girish Mathrubootham on November 23
    Join Freshworks founder and CEO Girish Mathrubootham for an exclusive masterclass where he’ll discuss the fundamentals of scaling up and the less-spoken challenges that founders will encounter on their scale-up journey.
  • “How startups can build customer growth & retention machines” roundtable on November 24
    Over 70% of startups don’t have formal CX strategies, which are integral to growth and customer retention. Sign up for this virtual roundtable to learn from startup leaders in Southeast Asia on how they’ve built scalable customer service and CX through omnichannel strategies.
  • Solve government and public sector challenges with AWS Startup Ramp on November 30
    Breaking into the public sector is not an easy feat for early stage startups. Join our webinar on Nov 30 to learn about AWS Startup Ramp, which provides technical support & mentorship that help startups navigate the complex requirements. Register for your seat today!


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