📌 MAROKO133 Breaking startup: OJK leadership shifts 🏛️, Dash Electric secures seed
Dear subscriber,
This edition opens with regulatory developments at OJK, where recent leadership changes have put market stability and execution in focus, even as no immediate policy shifts have been announced. Against this backdrop, the market remains active but increasingly selective. Recent updates include early-stage funding in electric mobility, continued scale in food delivery, and a rare profitability milestone from a homegrown consumer brand. Strategic capital is still flowing into insurance, payments, and data infrastructure, supported by clearer policy direction and regional partnerships.
Not all bets are paying off. Una Brands’ exit from Indonesia highlights mounting pressure on aggregator and roll-up models, while leadership changes at major platforms and stricter fintech enforcement point to a more disciplined operating environment. Looking ahead, the APAC private capital outlook suggests a slow reset rather than a rebound, with Southeast Asia nearing the bottom of its venture cycle and investors prioritizing resilience and execution over rapid expansion.
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🚨 What’s New
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Top leadership turnover at OJK amid market volatility
Indonesia’s Financial Services Authority (OJK) has appointed new commissioners following the resignation of its chair and senior officials amid recent market turbulence. The leadership change comes after volatility in Indonesia’s financial markets, estimated at around USD 80 billion, which has raised questions around regulatory confidence and stability. While turnover at the top of the regulator can affect the pace of policy execution and market oversight, no immediate regulatory or policy shifts have been announced. Key industry counterparts, including associations such as Amvesindo, also remain structurally unchanged.For fintech and other market participants, the impact is not operational at this stage. Regulatory direction and supervisory frameworks remain intact, suggesting continuity rather than disruption. The near-term risk lies more in execution speed and coordination during the transition, rather than changes to rules or enforcement. For startups, this development is best read as a signal to stay attentive, not to revise strategy.
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Sagana joins Dash Electric’s seed round
Dash Electric secured fresh seed funding with Sagana coming in as a new investor. The funding signals growing interest in Indonesia’s electric mobility supply chain, especially beyond consumer-facing EV brands. Early-stage capital in this segment suggests investors are betting on long-term infrastructure demand. While the round size was not disclosed, seed activity remains selective in the current market. This reflects a cautious but continued appetite for climate and hardware-linked startups in Indonesia. -
Indonesia’s food delivery GMV hits USD 64 billion in 2025
Indonesia’s food delivery market reached USD 64 billion in gross merchandise value in 2025. Growth was supported by high order frequency and deeper penetration outside tier-one cities. The scale confirms food delivery as one of the country’s most mature digital consumer services. However, competition and cost pressure remain key challenges. The number highlights why the sector continues to attract platform, logistics, and fintech innovation. -
Kopi Kenangan reaches profitability with USD 184 million revenue
Kopi Kenangan reported USD 184 million in revenue and achieved profitability in 2025. This marks a rare milestone for a consumer startup operating at national scale. The result reflects disciplined expansion and tighter cost control after years of aggressive growth. It also shows that offline-first consumer brands can reach sustainable margins in Indonesia. The performance strengthens confidence in consumer startups with strong unit economics. -
Insurtech Igloo raises USD 5 million from Tokio Marine
Igloo raised USD 5 million in funding from Tokio Marine, reinforcing strategic interest from established insurers. The investment highlights …Konten dipersingkat otomatis.
🔗 Sumber: dailysocial.id
📌 MAROKO133 Eksklusif startup: Sociolla lands General Atlantic 🤝. Fiber infrastruc
Dear subscriber,
This week’s highlights include General Atlantic’s strategic investment in Sociolla, a major fiber-optic infrastructure collaboration between Indosat, Arsari, and Northstar, and new OJK regulations tightening rules for pay-later services. We also cover OJK’s response to the BI-Fast cybersecurity incident, Indonesia’s expanding digital tax framework with OpenAI appointed as a VAT collector, and a forward look at Indonesia’s green entrepreneurship ecosystem as sustainability and climate-aligned innovation gain momentum across the market. Stay tuned for more insights on Indonesia’s tech, digital, and startup landscape in the weeks ahead.
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DailySocial Team
🚨What’s New
• General Atlantic invests in Indonesia’s beauty-commerce platform Sociolla
Global growth investor General Atlantic has acquired a 54% controlling stake in Sociolla, completing a majority acquisition of the Indonesian beauty and lifestyle e-commerce platform in a deal largely structured through secondary share purchases. As part of the transaction, Pavilion Capital and L Catterton fully exited, while East Ventures and EDBI partially divested, alongside a US$10 million primary issuance by Sociolla. The company has previously raised over US$170 million from investors including Temasek, Jungle Ventures, Venturra, and UOB Venture Management, and the new ownership is expected to support Sociolla’s regional expansion.• Indosat, Arsari and Northstar form $925M fiber-optic platform to expand Indonesia’s broadband infrastructure
Telecom major Indosat Ooredoo Hutchison has teamed up with strategic partners Arsari Group and Northstar Group to create one of Indonesia’s largest fiber-optic infrastructure platforms with a $925 million investment, aiming to accelerate high-speed connectivity across the archipelago and support digital adoption nationwide. This move reflects growing investor confidence in digital infrastructure as a long-term backbone for Indonesia’s digital economy.• New OJK regulation caps pay-later interest and tightens debt collection practices
Indonesia’s financial regulator, the OJK, has introduced new rules for pay-later services that set explicit limits on interest charges and establish stricter guidelines for debt collection. The measures are intended to protect consumers and promote responsible lending practices in the rapidly expanding fintech credit market. Fintech players are expected to adjust their business models to balance growth with stronger compliance and consumer protection standards.
👏What’s Exciting
• Indonesian financial regulator steps up cybersecurity action after BI-Fast hack
Following a fraud incident affecting BI-Fast payments worth around Rp200 billion, Indonesia’s financial watchdog OJK has instructed banks to strengthen cyber defenses, improve fraud detection systems, and enhance incident response teams. The case highlights heightened regulatory focus on digital payment security as adoption rises. It also signals increasing scrutiny on banks’ operational resilience amid rapid digital transaction growth.• Digital economy tax receipts hit Rp44.55 trillion; OpenAI designated as PMSE VAT collector
Indonesia’s government reported that digital economy tax revenues reached an estimated Rp44.55 trillion through November 2025, with contributions from e-commerce VAT and taxes on crypto and fintech activities. Notably, OpenAI was officially appointed as a VAT collector for online services, reflecting the growing fiscal role of AI-powered digital platforms. The milestone reinforces Indonesia’s commitment to ensuring fair taxation across global digital and AI-driven businesses.
🚀 What’s Next: Mapping Indonesia’s Green Entrepreneurship Ecosystem
The report The State of Indonesia’s Entrepreneurial Ecosystem: Focus on the Green Economy provides a comprehensive mapping of Indonesia’s entrepreneurship ecosystem with a specific lens on green and climate-aligned businesses. It analyzes 304 ecosystem organizations, including investors, incubators, accelerators, and support providers, to understand how entrepreneurs are funded, supported, and scaled across regions and sectors, with a focus on sustainability, inclusion, and climate impact.
Key findings reveal a fast-growing but uneven ecosystem. While 87 organizations identify as green economy focused and 107 provide funding, support remains heavily centralized, with nearly 50% of actors headquartered in Jakarta. The data also shows strong early-stage support, with 88% of organizations serving early-stage ventures, but persistent gaps in climate-ready financing, access to technical expertise, and recognition of non-obvious green businesses such as agriculture or waste-reduction MSMEs.
