The Ministry looks to focus the funding for local startups to ensure the soon-to-be unicorns continue their operations in Indonesia.
It will expand operations to the Greater Jakarta, after first introduced to the public in 2020.
Electrum, a joint venture of TBS Energi Utama and Gojek, hopes that the use of electric vehicles in the future can become part of the lifestyle of people in the country.
With this acquisition, Warung Pintar is incorporated into SIRCLO Group to jointly present a comprehensive omnichannel solution for principals or brands, distributors, business actors, to end-consumersboth online and offline.
The funding will help the company to further support national fishers and farmers through the advancement of its platform, digital products, and technology.
Rachmat Kaimuddin officially joined the Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves) as a Technology & Sustainability Development Special Advisor.
Bukalapak had received the resignation letter of Rachmat Kaimuddin as President Director on December 28, 2021.
Led by Tybourne Capital Management, Horizons Ventures, Kunlun, B Capital, and new investor Falcon Edge Capital, the Series C funding gave the company a valuation of more than US$1 billion.
McEasy offers three innovative solutions to the problems of the logistics industry in Indonesia, Vehicle Smart Management System (VSMS), Transportation Management System (TMS), and Smart Driver Apps.
Edutech startup Cakap has secured US$10 million in a Series B funding, which was co-led by Centauri Fund MDI Ventures and Heritas Capital.
Erick Thohir added Merah Putih Fund has three common threads; the founder is Indonesian, operates in Indonesia, and finally goes public in Indonesia. Erick Thohir sees that most startups are getting investment or being funded by foreigners.
One of Indonesias leading digital money transfer platforms, Flip, has received US$48 million in a Series B funding, co-led by Sequoia Capital India, Insight Partners, and Insignia Ventures Partners.
"The innovation is the collaboration among PUPR Ministry, a state-owned enterprise (BUMN), and an Indonesian youngsters start-up company," said PUPR Minister Basuki Hadimuljono
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