Carmudi, a Rocket Internet-backed company that sells cars online in emerging markets, has raised $10 million to develop its business in Southeast Asia after reducing its global footprint. The company was formed in 2013 and, at peak, it grew to cover over 20 markets across Asia, the Middle East, Africa and Latin America. To support that global push, Carmudi raised $10 million in 2014 and then… Read More
A new startup in Indonesia wants to car owners in Southeast Asia’s country sell their vehicle with more security and reliability. BeliMobilGue — meaning ‘Buy My Car’ — was quietly started last year as a joint venture from Berlin-based Frontier Car Group and Intudo Ventures. It acts as a middleman between Indonesia’s car dealers and consumers who want to… Read More
Google is backing investing in ride-hailing companies. The U.S. search firm and China’s Meituan-Dianping are among the tech giants set to invest in Go-Jek, the Indonesia-based rival to Grab and Uber, a source with knowledge of discussions told TechCrunch. We understand a deal could be completed as soon as next week, though whether Go-Jek announces it is unclear since it has history of… Read More
Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy. Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums. Together, the trio process $5 billion in payment across cards and… Read More
Helpster, a two-year-old startup that connects blue-collar workers with employers in Southeast Asia, has closed $2.5 million in new funding. The startup operates in Thailand and Indonesia with around 50 staff split between Bangkok and Jakarta. It aims to disrupt the temporary worker industry, which is dominated by giants like Adecco and Manpower, by vetting its workers closely and using… Read More
As part of its new approach to Asia, Uber has announced its first president for its business in Indonesia, Southeast Asia’s largest economy and the world’s fourth most populous country. Monika Rudijono will take up the role in January, joining from advertising and marketing firm Grey where she had been presidential director. She’ll report directly to Brooks Entwistle,… Read More
Taking on a giant like Nielsen, the $15 billion research firm, is no easy task. But tucked away in Southeast Asia, Snapcart is a two-year old company that is making progress by shining light on the black box that is consumer spending in emerging markets. Founded by CEO Reynazran Royono, who previously worked as a consultant for Procter and Gamble and Boston Consulting, the startup uses… Read More
Tens of thousands of soccer fans in Indonesia jostled to get tickets to a match, resulting in several of them injured in the crush.