Dear readers,
Welcome to RISE by DailySocial, your essential weekly update on Indonesia’s technology ecosystem. This English newsletter format is a culmination of months of research and trying to understand the market, its needs and pain points.
Here, we’ll be covering the latest tech highlights (investments, M&A, product launches); dive into key insights, trends, regulatory updates and featured reports (we love research reports ❤️). We have divided our newsletter into 3 main sections: WHAT’S NEW (news updates Indonesia), WHAT’S EXCITING (trends, insights, actionable knowledge) and WHAT’S NEXT (near future trends).
We hope you enjoyed our newsletter as much as we enjoyed crafting it. And do let us know your feedback (you know we love to hear back from you).
Cheers!
DailySocial Team
Here are some of last week’s highlights you might have missed:
Kumparan Secures Major Corporate Action. GDP Venture, Djarum Group's investment arm, has acquired a 99% stake in media powerhouse Kumparan for $60 million. This follows Djarum investment arm GDP Venture’s earlier 42% ownership. Other stakeholders, including Argor (GoTo’s investment arm) and Cakra Ventures, are fully bought out. [Read more]
AwanTunai Secures $60M Debt Financing. SMEs digital supply-financing platform AwanTunai secured $60 million in debt financing from Accial Capital and other investors, expanding financial access for Indonesia’s MSMEs.
