An Investment holding firm that has invested in tech startups, notably e-commerce website Bukalapak.com. Seizing more than 104.9 million active users at hand, Bukalapak.com is one of the top e-commerce sites in Indonesia. It has reputable backers such as Microsoft, Singaporean sovereign wealth fund GIC, Alibaba’s Ant Financial, South Korean web portal Naver Corp., UBS Group AG, among others. The startup was founded in 2010 and was subsequently invested by Batavia Incubator as its angel investor in 2011.
As per August 6, 2021, the startup is listed as the first e-commerce company in Indonesia Stock Exchange (IDX). Bukalapak’s IPO was the largest in the country which raised around USD 1.5 billion, beating the previous record held by PT Adaro Energy in 2008 with USD 1.3 biliion. The market capitalization as the first day listing was around USD 7.6 billion.
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https://www.techinasia.com/bukalapak-boost-valuation-debut-ipo https://thelowdown.momentum.asia/bukalapak-shareholders/ https://asia.nikkei.com/Business/Markets/IPO/Bukalapak-becomes-Indonesia-s-13th-most-valuable-public-company https://www.forbes.com/sites/zinnialee/2021/04/28/indonsias-e-commerce-unicorn-bukalapak-completes-400-million-funding-round-with-new-investors-report/ https://www.techinasia.com/batavia-incubator https://thebridge.jp/2011/07/batavia-incubatorA company that was initially launched as a fashion flash e-commerce for Indonesian market and pivoted to cater Japanese products to international market. Investors includes CyberAgent Capital (formerly CyberAgent Ventures), Z Venture Capital (formerly Yahoo Ventures), and many major companies. Recently the company has raised funding from Globis Capital Partners Holdings & Co. with a significant valuation amount.
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https://id.techinasia.com/situs-penjualan-kilat-fashion-vip-plaza-diluncurkan-hari-ini-di-indonesia https://prtimes.jp/main/html/rd/p/000000001.000033547.htmlA tech company dedicated to advancing Indonesian healthcare. PT. Medifa Infoyasa Suryantara developed DoctorTool, an application for medical clinics and local hospitals in Indonesia. DoctorTool covers various modules such as heath recordkeeping, patient management, pharmacy, accounting, and more.
The application is also connected to government’s BPJS (Social Insurance Administration Organization) in order to facilitate automatic reporting by the clinics and hospitals of their activities to receive their subsidization coverage from the government. Notable investor includes Tugboat Asset Management from Japan, specializing in social investments and container architecture.
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https://wartaekonomi.co.id/read434068/gandeng-peneliti-fkui-doctortool-kembangkan-teknologi-internet-of-medical-things https://m.medcom.id/gaya/fitness-health/ybDD9Pqb-pantau-kesehatan-di-daerah-3t-doctor-tool-gunakan-teknologi-iomt https://jogja.tribunnews.com/2022/01/01/doctortool-kembangkan-layanan-klinik-kesehatan-lewat-integrasi-pcare-bpjs-kesehatan https://www.fimela.com/health/read/4842896/manfaat-layanan-klinik-kesehatan-lewat-integrasi-pcare-bpjs-kesehatan https://jogja.tribunnews.com/2022/01/01/bantu-klinik-go-digital-doctortool-tingkatkan-kualitas-pelayanan-kesehatan-klinik https://fintechnesia.com/2022/01/05/sosialisasi-digitalisasi-klinik-ala-doctortool/A Joint Venture with Morningstar Japan K. K., the company focuses on data and media business for capital market in Indonesia. The flagship product, PasarDana, is an online portal that collects and manages comprehensive data of capital market, serving a subscription-based service to financial institutions such as banks, insurance companies, pension funds, and more. PasarDana is also the only online portal in Indonesia with financial advisory license from OJK, as well as affiliation of UNPRI.
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https://www.sbigroup.co.jp/news/2014/1006_8584.htmlAs an edutech startup offering digital education and skill development in one integrated system, Edigy develops various technology-based services including virtual classes, online exams, video lessons, private lessons, and other services in one ecosystem (all in one) to support education services in digital and new normal era.
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https://globalwithus.net/news/1179/ https://prtimes.jp/main/html/rd/p/000000007.000084532.htmlA joint venture with Neo Career Japan, the company’s core business is in IT HR development & advance salary payment system for employees (under Ultra tech). The company is currently serving recruitment for 1200 companies in Indonesia and providing prepaid salary service to 150 companies with total of more than 50,000 users in Indonesia (as per August 2019).
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https://dailysocial.id/post/reeracoen-ultra-tech-gaji-prabayar/ https://www.businessinsider.my/reeracoen-released-ultratech-as-the-first-ever-prepayment-salary-service-in-indonesia/ https://swa.co.id/swa/trends/ultra-tech-siap-menalangi-gaji-80-ribu-perusahaan-di-indonesiaPress
https://www.japantimes.co.jp/news/2015/12/21/business/former-line-ceos-new-venture-aims-track-pulse-world-fashion-smartphone-videos https://mix.co.id/marcomm/brand-communication/digital-brand-communication/lemon-platform-influencer-marketing-jepang-masuk-pasar-indonesia/MicroAd Indonesia is a joint venture from Corfina Group with MicroAd, Inc., Japan. The company has been operating since 2011 to provide integrated digital marketing solutions. Backed by strong shareholders of MicroAd, Inc., internet conglomerate CyberAgent and telco SoftBank, the company has served digital campaigns to more than 200 local and multinational clients.
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https://www.techinasia.com/microad-aims-for-indonesia-online-advertising-marketPT. Situs Karunia Indonesia is a subsidiary company from PT. MicroAd Indonesia, operating on loyalty points reward system. With over 18,000 active users on its platform, the company rewards users on points accumulated through incentivized activities and crowdsourcing tasks.
A joint venture with Itochu Logistics Japan, the company is a subsidiary of trading conglomerate Itochu Corporation. The company’s core business is in general logistics, such as freight-forwarding.
A fast-moving consumer goods (FMCG) distribution company, the company imports products of Cow Brand Soap Kyoshinsha Co. Ltd., a 110-year-old soap company that is produced exclusively in Japan. The bar soap product is market share leader in Japan, distributed across Asia and Canada.