Dear Readers,
The AI race is heating up with new challengers like ByteDance’s Omnihuman and Deepseek entering the scene. Meanwhile, Indonesia’s startup ecosystem sees key developments—from eFishery’s internal review to deeptech investments and a potential Grab-GoTo merger that could reshape Southeast Asia’s digital landscape.
In this edition, we’ve compiled the latest updates and insights to keep you informed and ahead in the fast-evolving digital ecosystem.
Best regards,
The DailySocial Team
eFishery has appointed FTI Consulting as interim management following a review of an internal fraud report. This move, approved by shareholders, ensures an independent evaluation of the company’s business and financial conditions. The Board of Directors stated that proactive steps have been taken to address the findings in the preliminary 52-page report by FTI Consulting, which alleged financial misreporting by the management. [Read More]
LIQUID8, a recommerce startup specializing in managing overstock and failed delivery products, recently raised seed funding from SPIL Ventures. This funding will help expand its services, enabling SMEs to access high-quality goods at affordable prices while promoting a circular economy in Indonesia. LIQUID8 is also launching a platform called Bulky to simplify transactions for SMEs and resellers. [Read More]
Grouu, a startup producing baby food and children’s snacks, recorded a revenue increase of more than 3x in 2024 with a positive EBITDA trend since Q2. It sold over 1.5 million units across various categories, including fresh meals, seasonings, and snacks. Grouu expanded its reach by partnering with 1,200 retail outlets in 50+ cities, including supermarkets and baby stores. [Read More]
