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Less than one year after Series A, Indonesia’s MOKA gets another US$2M to speed up product development

In less than a year since announcing their US$1.9 million Series A led by East Ventures, Indonesia mobile point-of-sale (POS) startup MOKA today announced that it has raised another US$2 million of funding. The round is led by Mandiri Capital with participation from existing investors Convergence Ventures, East Ventures, Fenox VC, and Northstar Group. “We […]

February 16, 2017
1Convergence Ventures (1)

Bridging Success

It’s a truism that Indonesia’s Internet ecosystem lags those in other countries by a few years. Venture capitalists Adrian Li, 37, and Donald Wihardja, 45, are turning that notion into an advantage, looking to bridge the more advanced Internet developments and entrepreneurs from around the world with those in Indonesia. To fund their firm Convergence […]

February 16, 2017

Indonesia is an investment opportunity like China was in 2008

Most investors would jump at the chance to go back in time and invest in a sure thing. Imagine having the opportunity to time travel to China in 2007 or 2008 to make an early-stage stake investment in a startup like Alibaba, now a publicly-traded online giant valued at more than $250 billion. For venture […]

January 30, 2017
Seorang perempuan sedang membuka aplikasi go-jek dari handphonenya (24/9). Gojek mengeluarkan layanan terbarunya, yaitu Go-Mart yang merupakan layanan belanja pesan antar yang memiliki 25.000 jenis barang dari 20 lebih pilihan toko di seluruh wilayah Jabodetabek. Layanan ini mendukung toko-toko dengan banyak macam, mulai dari minimarket, supermarket, toko alat tulis, optik, sampai petshop. (JG Photo/ Lidya Caroline)

The Limits of Silicon Valley – how Indonesia’s Go-Jek Is Beating Uber

Viewed from the bubble of Silicon Valley, the world often looks like a single undifferentiated market. There are plenty of examples that seem to support this notion. In addition to tech giants like Google and Facebook, the last decade or so has seen the emergence of new Silicon Valley based businesses. Companies like eBay, Netflix, […]

January 24, 2017

Paktor acquires Down, an American dating app without subtlety

The Singaporean dating app Paktor has acquired Down, a San Francisco-based online dating company that brought sex to the forefront of its sales pitch, according to a report in TechCrunch on Friday. The deal is reportedly worth “several million” and would be considered a win for investors as Down only raised US$1 million in total funding. […]

January 24, 2017