MAROKO133 Update startup: Indonesia's golden share in GoTo 🇮🇩. US$300B digital econom

📌 MAROKO133 Eksklusif startup: Indonesia's golden share in GoTo 🇮🇩. US$300B d

Dear subscribers,

We’re back with your essential roundup of the latest from Indonesia and Southeast Asia’s digital landscape. This week, we’re covering key developments like the GOTO-Grab merger news, the digital economy growth, and shifts in the latest fintech investment.

We are also excited to invite you to an exclusive event: Indonesia Food Resilience Forum 2025. This forum will bring together key stakeholders to discuss innovative steps towards a sustainable food future for Indonesia.

Secure your spot at this strategic discussion by registering here: https://luma.com/75o04yki.

Best regards,
The DailySocial Team

🚨 What’s New

• Indonesia is reportedly considering a “golden share” scheme as a condition for approving the merger between Grab and GoTo. This plan would grant the sovereign wealth fund Danantara a minority stake with special rights in the merged entity’s Indonesian operations. This golden share would provide the government a direct voice in strategic decisions, including driver welfare and pricing, reflecting a desire to oversee a business that would dominate ~90% of the local ride-hailing and delivery market. While internal pressures, such as SoftBank’s push for a CEO change at GoTo, highlight the urgent need for consolidation, both companies officially state that no final agreement has been reached. For the government, this model represents a new approach to regulating a dominant digital platform critical to Indonesia’s gig economy. [Read more]

• Superbank, the digital bank backed by Grab, Singtel, and Emtek, is preparing for a potential IPO that could be the largest for a digital bank in Indonesia, targeting up to IDR5.36 trillion. This move is bolstered by its strong Q3 2025 results, where it booked a pre-tax profit of IDR80.9 billion, grew its customer base to 5 million, and saw credit disbursement surge 84% to IDR9.04 trillion. This robust financial performance, alongside its deep integration with ecosystems like Grab and OVO, strengthens its market position ahead of the listing. However, Superbank’s management has officially declined to comment on the IPO rumors. [Read more]

• NTT Group is launching a dedicated Southeast Asian investment vehicle, Synexia Ventures Pte. Ltd., based in Singapore and scheduled to commence on December 15, 2025. Managed by NTT DOCOMO Ventures and NTT Finance, the fund will target startups in key markets like Indonesia, Singapore, Malaysia, and the Philippines, focusing on strategic sectors including AI, IoT, and smart city solutions. This initiative aims to accelerate open innovation and create new business ventures by combining funding with opportunities for co-creation across NTT’s vast network of telecom, data, and IT services. [Read more]

👏 What’s Exciting

• Grab has announced a strategic investment of US$60 million in Vay, a German company pioneering remote driving technology for driverless car rentals. This initial investment, expected to close in Q4 2025, grants Grab a minority stake and is the first part of a potential US$410 million commitment that could see Grab acquire a majority interest in Vay. The partnership aims to explore how Vay’s cost-efficient, “teledriven” service model—where remote operators deliver and retrieve vehicles for self-driving customers—can complement Grab’s long-term mobility strategy in Southeast Asia. Grab will also leverage its operational expertise to support Vay’s expansion in the U.S., while the driving data collected from Vay’s fleet could accelerate the development of AI for autonomous vehicles.

• Southeast Asia’s digital economy is on a strong trajectory, projected to surpass US$300 billion in GMV in 2025, sustaining a robust 15% year-on-year growth. This momentum is fueled by a decisive shift towards monetization, with revenue growth keeping pace with GMV. Key drivers include a resurgent e-commerce sector, where video commerce now accounts for 25% of GMV, and food delivery, which is on the cusp of profitability. Furthermore, AI is rapidly becoming a core competitive frontier, reshaping consumer journeys from discovery to purchase and driving operational efficiencies. The region’s massive, digitally-engaged population, which shows enthusiasm for AI that exceeds the global average, provides a fertile ground for this continued expansion.

• Standard Chartered has partnered with DCS Card Centre to power DeCard, a new credit card that enables users to make payments at physical merchants using stablecoins. As the principal banking partner, Standard Chartered will provide the backend infrastructure—including transaction processing, fiat and stablecoin settlements, and treasury services—to support seamless, real-world digital asset spending. The service launches first in Singapore, with plans to expand to other markets, marking a significant step in bridging traditional banking with everyday cryptoc…

  Konten dipersingkat otomatis.

  🔗 Sumber: dailysocial.id

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  📌 MAROKO133 Breaking startup: GoTo hits first profit 💰, TikTok expands its reach 📱

  Dear subscriber,

  Indonesia’s digital economy is entering a new era of maturity and innovation. Local champions like Blibli and GoTo are proving that profitability and sustainable growth are achievable, while FORE Coffee sustained steady growth and Bukalapak continued its path toward operational maturity in 9M 2024. The government and private sector work hand in hand to restore trust in the startup ecosystem through initiatives like ReSTART. Momentum is also building around digital transformation—from the upcoming launch of the Digital Rupiah to TikTok’s expanding influence and the global rise of AI leaders like Nvidia and OpenAI. As Indonesia strengthens its digital infrastructure and develops homegrown AI talent, the focus is shifting toward long-term resilience, transparency, and impact.

  Thanks for reading RISE by DailySocial! Subscribe for free to receive new posts and support my work.

  🚀 ReSTART: Reviving Indonesia’s Digital Economy is coming to Medan! Join DailySocial, Komdigi, and Garuda Spark Innovation Hub for an inspiring session on how to rebuild a stronger, ethical, and impact-driven startup ecosystem for Indonesia’s digital future. 

  🔗 Register now at s.id/gsihmedan

  Best regards,
  The DailySocial Team

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  What’s New

  Blibli’s Strong Q3 Momentum

  PT Global Digital Niaga Tbk (Blibli) recorded a 32% year-on-year increase in consolidated revenue in Q3 2025, reaching Rp 5.64 trillion, while the nine-month total grew 26% to Rp 15.24 trillion. This growth was largely driven by higher sales of smartphones and consumer electronics, two key segments of Indonesia’s e-commerce market. Blibli’s take rate rose from 6.7% to 8.4%, showing stronger profitability, while operating expenses as a share of total transactions dropped to 7.2%, reflecting better efficiency. The company also expanded its offline presence by adding 13 new electronics stores and enhancing its omnichannel loyalty integration. For Indonesia’s digital economy, Blibli’s progress demonstrates how homegrown e-commerce platforms can scale sustainably and move closer toward long-term profitability.

  GoTo Reports First Pre-Tax Profit and 21% Revenue Growth

  GoTo Group reported its first adjusted pre-tax profit of Rp 62 billion in Q3 2025, with net revenue rising 21% year-on-year to Rp 4.7 trillion. Total gross transaction value (GTV) surged 43% to Rp 102.8 trillion, while annual transacting users in Indonesia reached 61 million. The company also raised its full-year adjusted EBITDA guidance to Rp 1.8–1.9 trillion, underscoring progress toward sustainable profitability. This milestone highlights the continued maturation of Indonesia’s leading tech ecosystem—not only in user scale but also in financial performance. For investors and the startup community, GoTo’s achievement strengthens confidence in Indonesia’s capacity to build profitable, scalable digital enterprises.

  FORE Coffee (PT Fore Kopi Indonesia Tbk) – 9M 2025 Summary

  During the nine-month period ending September 30, 2025, PT Fore Kopi Indonesia Tbk demonstrated stable operational growth supported by prudent financial management and store expansion. The company maintained healthy liquidity while fulfilling all loan covenants with Maybank Indonesia, including a musyarakah financing facility of up to Rp 30 billion for store development. Interest expenses totaled approximately Rp 1.6 billion, reflecting ongoing financing activities to support outlet expansion and operational efficiency. The company’s capital structure remains solid, with Fore Holdings Pte. Ltd. retaining a majority ownership of around 78.9%, underscoring investor confidence in Fore’s business model. Overall, Fore continues to strengthen its retail network and brand position in Indonesia’s competitive coffee market while maintaining sound financial discipline.

  Bukalapak (PT Bukalapak.com Tbk) – 9M 2024 Summary

  Based on Bukalapak’s Q3 2024 interim financial report, the company recorded a net loss of Rp 593.2 billion — a notable improvement from Rp 784.1 billion in the same period of 2023. Revenue grew modestly by 1.8% year-on-year, from Rp 3.34 trillion to Rp 3.40 trillion. Despite the slow topline growth, the sharp reduction in losses indicates that Bukalapak’s path to profitability is accelerating, supported by tighter cost control and higher financial income (up from Rp 569 billion to Rp 784 billion). These results suggest that Bukalapak’s focus on efficiency and asset optimization is delivering measurable progress, moving the company closer to breakeven and strengthening its operational resilience in Indonesia’s competitive e-commerce market.

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  What’s Exciting

  ReSTART: Rebuilding Indonesia’s Digital Trust and Entrepreneurship

  DailySocial, in collaboration with the Ministry of Communication and Digital Affairs (Komdigi) and Garuda Spark Innovation Hub, launched the ReSTART initiative on October 28, 2025, in Bandung as a movement to revive confidence and entrepreneurship in Indonesia’s digital ecosystem. The program aims to rebuild the industry around strong business fundamentals rather than valuation hype…

  Konten dipersingkat otomatis.

  🔗 Sumber: dailysocial.id

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