📌 MAROKO133 Update 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.
🚀 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/gsihmedanBest regards,
The DailySocial Team
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.
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…
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🔗 Sumber: dailysocial.id
📌 MAROKO133 Breaking startup: Green pilots & capitals emerge 🌱. Komdigi tighte
Dear subscribers,
This week’s roundup brings a wave of momentum across Southeast Asia’s tech and innovation landscape. From fresh climate-tech funding in Indonesia and Vietnam, to QRIS preparing cross-border expansion, and regulators tightening digital compliance, the region is buzzing with activity. Southeast Asia is entering 2025 with stronger infrastructure, sharper innovation, and growing global relevance.
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
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The Indonesian-Australian partnership KINETIK announced that five climate-tech startups from its KINETIK NEX programme have been awarded pilot‐funding after pitching at the [RE]Spark 2025 festival in Jakarta. KINETIK The winners, ranging from inclusive electric-mobility and solar water systems to solar-powered sago processing in remote Papua, will implement their innovations using a pooled fund of approximately IDR 1.6 billion. KINETIK The initiative underlines the focus on locally led green innovation across Indonesia’s diverse geographies.
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Vietnamese VC firm Touchstone Partners has launched a US $10 million “Green Transition Fund” targeting early-stage climate tech startups throughout Southeast Asia. The fund exemplifies the region’s growing appetite for sustainability-driven venture capital and aligns with global net-zero ambitions. Deployment is anticipated to begin in December 2025.
👏 What’s Exciting
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Indonesia’s digital payments system, the QRIS (Quick Response Code Indonesia Standard), is set to expand cross-border into China and South Korea by 2026, according to Bank Indonesia. This move signals a major shift toward integrated regional payment infrastructure, enabling Indonesian consumers and merchants to transact seamlessly abroad.
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The Indonesian regulatory authority Kementerian Komunikasi dan Digital (Komdigi) has threatened to block services such as ChatGPT and Cloudflare, Inc. for failing to register as private electronic system providers (PSE) under national law. The notification issued covers 25 organisations, signalling heightened digital-sovereignty enforcement in Indonesia’s tech ecosystem. Non-registration could lead to service termination, putting major global platforms on notice.
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Logistics player J&T Express reported a record surge in parcel volumes during the year-end peak season: +78 % year-on-year in Southeast Asia and +83 % in new markets. The boom underscores sustained e-commerce momentum and logistical scaling across the region. Riders, fulfilment centres and tech infrastructure are all under pressure as growth accelerates.
Fazpass is positioning its Intelligent Authentication (FIA) as the future of OTP verification by addressing core business challenges with a shift to a Monthly Active User (MAU) pricing model. This approach offers companies predictable costs with unlimited OTPs, moving away from the variable, per-message charges of traditional vendors. Coupled with AI-driven authentication designed to improve success rates and reduce user friction, Fazpass aims to provide a more scalable, secure, and cost-effective verification solution for businesses in 2026 and beyond.For more capability information: https://fazpass.com.🚀 What’s Next
The 2025 Global Startup Ecosystem Report by Startup Genome highlights Southeast Asia’s accelerating momentum, with Jakarta jumping four positions to become the world’s #2 Emerging Startup Ecosystem. Unlike other climbers, Jakarta’s rise wasn’t driven by a major exit. Wuxi climbed to #1 after a 67% surge in $50M+ exits, and Riyadh leapt rankings thanks to rasan.co’s $1.1B exit. Jakarta’s improvement instead reflects broader, steady strengthening across early-stage activity, a rare organic shift in today’s exit-driven landscape.
