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The archipelago’s startup ecosystem is making headlines for big funding and acquisitions. Here’s the latest buzz from Indonesia’s startup ecosystem.
Indonesia-based PoS (Point of Service) startup Pawoon has secured an undisclosed amount in its Series A round of funding from its existing backer, VC firm Kejora Ventures.
The startup will use the funding to increase sales, expand marketing teams, and accelerate research and development efforts.
Pawoon was founded in 2015 and offers software and hardware solutions to Indonesian SMEs. Users can deploy Pawoon’s technology to manage inventory and payments for their businesses. As per a report by Deal Street Asia, the startup currently has over more than 30K businesses on its platform.
Fintech company C88 has reportedly acquired automobile listing startup Otobro for an undisclosed amount.
Otobro is an Indonesian startup that assists people in selecting the most suited automobile as per their needs. As per a report by Deal Street Asia, Otobro inspects all cars listed on its website (no accidents, no major damage, less than 100,000 km) to protect users from scams.
C88 offers financial services to its users and also combines personalised data driven experience with web and mobile experiences, as well as back-office infrastructure.
Indonesia-based digital customer service platform Bornevia is shutting down its operations in the coming month, reported e27.
The reasons for the shutdown have been cited as investors’ decision to liquidise the company’s assets. The startup has also advised users to migrate to US-based digital customers service platform Zendesk, or to export and migrate data to other platforms.
It has also assured its users will refund all annual subscribers’ money on pro rata basis, and that the users will only be charged monthly subscribers until April.
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