Dear subscribers,
We’re back with a fresh roundup of key developments shaping Indonesia’s and Southeast Asia’s startup landscape. This week, we’re spotlighting a mix of funding deals—from cleantech and proptech to marine biotech and construction tech—plus major regulatory shifts in fintech lending.
We also cover Airwallex’s global push, the AI drug race, and a sobering update on Indonesia’s startup ecosystem ranking. Finally, we take a deep dive into the resurging potential of proptech as Indonesia tackles affordability and inclusion in home ownership.
Let’s dive in.
Best regards,
The DailySocial Team
Here’s a snapshot of the latest developments from Indonesia’s startup ecosystem:
Funding Highlights:
(1) Remind, an e-waste management startup based in Banten, secured US$1.3 million in funding led by Bali Investment Club and Beenext, with Spiral Ventures also participating. The capital will help expand its recycling capacity.
(2) Ringkas, a fintech platform that simplifies home ownership, raised US$5.1 million in pre-Series A funding from investors such as Flourish Ventures and Kadan Capital.
(3) ANGIN (Angel Investment Network Indonesia) announced new investments in Arconesia, an agri-tech startup focused on climate-smart farming, and Collabit, a marine biotech startup. These investments were channeled through the WiraUsaha program, backed by Koalisi Ekonomi Membumi (KEM).
(4) Dian Swastatika Sentosa (IDX: DSSA), part of the Sinar Mas Group, invested IDR 32.8 billion (~US$2 million) in local streaming platform Vidio via subsidiary DSST Video Gemilang, as part of a rights issue by Vidio’s parent company SCMA (EMTEK Group).
