Jofie Yordan

In May, then-Indonesian President Joko Widodo announced the creation of INA Digital , a govtech platform that aims to aggregate and integrate all digital public services in the country.

US$5 billion. That's the valuation of fintech firm GCash now following its latest funding round from Philippine conglomerate Ayala Corporation and Japanese banking giant MUFG.

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The past year has been a mixed bag for Indonesia's proptech scene. Lamudi Indonesia, for one, laid off employees in late 2023.

Dozens of people, including nine recently laid-off employees and 30 worker solidarity members from various companies, held a rally outside Alodokter ‘s Jakarta office on Tuesday.

The rise of ecommerce platforms' in-house fleets continues to erode shipment volumes for Indonesian third-party logistics (3PL) players, many of whom are now asking the government to do more to protect them.

Photo credit: eFishery Indonesia-based aquaculture unicorn eFishery has appointed Adhy Wibisono as interim CEO and Albertus Sasmitra as

Indonesia's startup scene hasn't had a great year. Funding became increasingly scarce, and the industry was also rocked by several scandals.

Photo credit: ardiwebs / Shutterstock Indonesia-based ecommerce firm Bukalapak announced that it will be shutting down its marketplace for physical goods and shift its focus to virtual products.

Simon Huang also contributed to this story. The shutdown of Bukalapak's physical goods marketplace and consequent shift to virtual products came like a bolt from the blue.