Kata.ai, the startup formerly known as YesBoss, raises US$3.5M in Series A funding round

Anisa Menur A. Maulani, writing for e27;

Indonesian artificial intelligence (AI) startup Kata.ai today announced that it has raised a US$3.5 million in Series A funding round led by Taiwan-based Trans-Pacific Technology Fund (TPTF).

MDI Ventures, Access Ventures, and Convergence Ventures also participated in the deal.

In addition to them, VPG Asia, Red Sails Investment, and angel investor Eddy Chan also took part in the round.

Win for ride-hailing apps as Indonesia overthrows key transportation rules

Nadine Freischlad, writing for Tech in Asia;

  • Indonesia’s supreme court, the country’s highest judiciary institution, has overthrown key parts of the regulatory framework that affect ride-hailing companies like Uber, Grab, and Go-Jek.
  • 18 paragraphs were ruled to be in conflict (PDF link) with existing laws regulating SMEs and the transportation sector and declared ineffective.

LTFRB could learn a thing or two from Indonesia’s experience. There’s a reason why Uber, Grab and other transport network vehicle services (TNVS) are thriving and that’s where LTFRB is failing the commuting public.

You can read the translated version of the original article here.

Tokopedia

Tokopedia, an internet company that allows individuals and business owners in Indonesia to open and manage their own online stores easily and for free. Tokopedia provides a better online selling experience to the sellers, so that the sellers can provide a better online shopping experience to their customers.

Ayopop

Ayopop is a e-payment platform, where users can charge or load credits to their account via credit card, bank transfer, or thru other payment options.

Ayopop is based in Jakarta, Indonesia and c-founded early 2016 by Chiragh Kirpalani and Jakob Rost.

Payments company Ayopop raises $1m seed funding

Nadine Freischlad, reporting for Tech in Asia;

Indonesia’s Ayopop specializes in bill payments, which means it wants users to pay for things like their phone bills, electricity, and internet services through its app.

Ayopop launched about a year ago and has been angel funded so far, with some investment from venture capital firm Gree Ventures.

Indonesian crowdfunding platform Wujudkan to shut down in March

Anisa Menur A. Maulani, reporting for E27;

Indonesian crowdfunding platform for creative projects Wujudkan announced yesterday that is going to shut down its business, according to an official statement on the platform’s blog.

Citing March 31 as the last day of the plaform’s operation, Wujudkan Founder and CEO Mandy Marahimin wrote that the company’s inability to generate income through the campaigns that it successfully funded is the main reason why they decided to end it.

Sociolla

Sociolla is Indonesia’s trusted and most complete online shopping destination offering authentic beauty products e.g. make up, skin care, hair care, fragrance and beauty tools serving women across Indonesia.

Sociolla was founded in January 2014 by

Indonesia’s Sociolla bags series B from Japanese fashion portal, East Ventures

Nadine Freischlad, reporting for Tech in Asia;

Sociolla, an ecommerce site for all kinds of cosmetics and beauty products just freshened up with a new round of financing.

The startup’s series B comes from Istyle, a Tokyo stock exchange-listed fashion company that operates, among other things, popular beauty website @cosme in Japan. East Ventures also participated in the round. The terms weren’t disclosed.

HOOQ

Launched in 2015, HOOQ is a gateway to a world of unlimited entertainment. With just one app, you can stream, download and enjoy over 30,000 hours worth of Hollywood/local movies and TV series. All from your smart phone, tablet and/or computer.

HOOQ currently have more than 10,000 movies and TV shows in their catalog. The service if currently available in The Philippines, Thailand, India, Indonesia, or Singapore.

Shopee

Shopee is a mobile marketplace designed for both buyers and sellers to enjoy fast, smooth and safe transactions. A leading mobile-first marketplace platform in Southeast Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam and the Philippines) and Taiwan.

Headquartered in Malaysia and was launched in 2015.