With $4m new funding, Rocket Internet’s Zen Rooms sets its sights on more markets

April 14, 2017 0

Photo credit: Zen Rooms. Zen Rooms, Rocket Internet’s hotel booking platform for cost-conscious travelers, today announced it raised US$4.1 million in series A funding from

Brief: Muslim fashion marketplace raises funds from 500 Startups, others, at $10m valuation

April 13, 2017 0

Ben Soebiakto, one of Muslimarket’s co-founders, is also co-founder of Kapanlagi. Muslimarket closed a series A round of funding at a valuation of around US$10

Brief: Indonesia’s largest telco to unban Netflix

April 12, 2017 0

The world’s leading video streaming site Netflix has worked out a deal with Indonesia’s largest telco, Telkom. This means Netflix will soon be available to

Alibaba makes its move in Indonesia, partners Emtek on mobile payments

April 12, 2017 0

Photo credit: Alibaba. Chinese ecommerce giant Alibaba Group’s global payments chess game continues as it announced in a release that its payments subsidiary Ant Financial

Virtual gaming items marketplace Itemku raises $1.2m but legal issues persist

April 10, 2017 0

Photo credit: Wikimedia. Five Jack, the South Korea-based company that operates a marketplace for virtual goods in Indonesia, today announced it raised US$1.2 million in

With seed round, Pomona prepares to take on Indonesia’s customer loyalty segment

April 6, 2017 0

Pomona, an app that lets shoppers collect loyalty points, today announced it raised a seed round from Frontier Capital, Prasetia Dwidharma, and a number of

Tencent-backed Practo takes a leaf out of WeChat’s playbook

April 5, 2017 0

Shashank ND, founder and CEO of Practo. Photo credit: Practo. Shashank ND, founder and CEO of India’s leading healthcare startup, Practo, makes no bones about

Rocket-backed Global Fashion Group still far from profitable in 2016

April 5, 2017 0

Photo credit: Unsplash. Global Fashion Group (GFG), the umbrella group that holds Rocket Internet-backed online fashion businesses worldwide, saw its revenue hit the US$1 billion

RedDoorz raises $1m in venture debt to grow in the crowded budget hotel space

April 4, 2017 0

Photo credit: Stokpic. It was around 2014 when Amit Saberwal thought to himself: “If I don’t become an entrepreneur now, I never will.” It wasn’t

Payments company Ayopop raises $1m seed funding

April 4, 2017 0

Ayopop’s Android app. Photo credit: Ayopop. Indonesia’s Ayopop specializes in bill payments, which means it wants users to pay for things like their phone bills,