Tech startups trying to fill tech gap

A worker refills a robotic dispenser by eFishery, an agritech startup, at a fish farm in Subang Regency in West Java, Indonesia, in June 2022. The startup helps farmers optimize their processes through automatic feeders and mobile apps. Dimas Ardian | Bloomberg | Getty Images Indonesia’s tech startups are reeling in big money in seafood … Read more

Indonesia’s GoTo reports wider nine-month loss

Motorcyclists travel past a billboard advertising GoTo’s initial public offering in Jakarta, Indonesia, on Friday, April 8, 2022. GoTo, formed through the merger of Gojek with e-commerce pioneer Tokopedia, raised $1.1 billion in one of the worlds biggest stock debuts this year and is slated to list in Jakarta April 11. Dimas Ardian | Bloomberg … Read more

Monsoon rains force halt in Indonesia quake rescue efforts

Residents move to a safer place after a 3.9-magnitude aftershock in Cugenang, Cianjur on November 23, 2022, following a 5.6-magnitude earthquake that hit the area on November 21.(Photo by ADEK BERRY / AFP) (Photo by ADEK BERRY/AFP via Getty Images) Adek Berry | Afp | Getty Images Searchers in Indonesia on Wednesday rescued a 6-year-old … Read more

Ex-Stripe exec wants staying power over huge growth

GajiGesa’s Vidit Agrawal wanted to provide workers access to their wages as they earn it, between traditional end-of-month pay cycles. That gives workers much more liquidity and protects them from predatory lenders. GajiGesa Vidit Agrawal, co-founder of Indonesia-based startup GajiGesa, knows crazy growth is nice. But staying power is better. “Everyone is talking about profitability … Read more

VC firms will be pickier in 2023

Venture capital-backed companies only raised $369 billion for the first three quarters of 2022, according to Crunchbase data. A total of $679.4 billion was invested globally in 2021. Malte Mueller | Fstop | Getty Images Venture capital firms in Southeast Asia will probably be pickier next year, with valuations plunging and economic headwinds slowing growth … Read more