MAROKO133 Eksklusif startup: GoTo Finds Profit 💰, Ojol Gets a Floor 🛵, TikTok Comes for Lu

📌 MAROKO133 Hot startup: GoTo Finds Profit 💰, Ojol Gets a Floor 🛵, TikTok Comes fo

Dear subscriber,

This week’s edition lands at a fascinating inflection point for Indonesia’s digital economy. The story that ties almost everything together is that the era of growth-at-all-costs is officially ending and the platforms that built durable businesses are finally being rewarded for it. The signal across all of them is the same — Indonesia’s digital economy is maturing into something more disciplined, more regulated, and finally, more profitable.

Stay ahead,
DailySocial Team

🚨 What’s New

• Danantara Eyes a GoTo Position as Jakarta Rewrites Ride-Hailing Economics.

  One of the most strategically loaded moves of the year is unfolding quietly. Indonesia’s sovereign investment body Danantara is reportedly evaluating an investment in GoTo, in a context that’s been completely reshaped by Presidential Regulation 27/2026 — which caps platform commissions at 8% (down from 20%), routes 92% of fares directly to drivers, and mandates insurance and BPJS coverage. Coordinating Minister confirmed the policy on Labor Day (May 1, 2026), framing it as a worker-protection priority co-designed with driver organizations. GoTo says it is reviewing the impact and coordinating with partners and customers, mirroring Grab’s posture. The market read is simple: with margins structurally compressed, only platforms that can scale efficiency, cross-sell into higher-margin verticals, and play the long game will be worth backing — and Danantara appears to be doing exactly that calculus.

• Bukalapak’s Q1 Quietly Looks Like a Real Turnaround.

  Bukalapak posted Q1 2026 revenue of IDR 2.37 trillion, up 63% year-on-year, with positive contribution margin of IDR 98 billion and adjusted EBITDA of IDR 24 billion. Net profit came in at IDR 424 billion, supported by IDR 16.43 trillion in cash and liquid investments as of March. The growth engine has clearly shifted: Gaming, Mitra, and Investment are doing the heavy lifting while the core Retail segment continues to feel the squeeze from softer consumer spending. For a company that spent years being defined by its struggles, this is the strongest signal yet that the new business mix is actually working.

• eFishery Saga Closes with a 9-Year Sentence.

  The Bandung District Court sentenced former eFishery CEO Gibran Huzaifah to 9 years in prison and a IDR 1 billion fine (with a 190-day subsidiary sentence) for financial statement manipulation and money laundering. The verdict came in lighter than the prosecution’s 10-year request, but it brings formal legal closure to one of the most consequential governance failures in Indonesian startup history. Gibran’s two co-defendants, Angga Hadrian Raditya and Andri Yadi, were tried alongside him. Beyond the courtroom, the case will keep shaping how investors approach due diligence and reporting standards for Indonesian growth-stage companies for years to come.

• MNC Digital Files for a Hong Kong Listing.

  PT MNC Digital Entertainment Tbk (MSIN) submitted its A1 application for a secondary depository-receipts listing on the Hong Kong Stock Exchange on April 27, 2026, aiming to tap global liquidity and accelerate expansion of digital content products like its V+ Short platform. The advisory line-up reads top-tier: CICC as sole sponsor, Latham & Watkins on legal, EY as reporting accountant, and BNY Mellon as depository bank. With this filing, MSIN becomes the second Indonesian company chasing an HKEX listing this year, following Merdeka Gold Resources, though final approvals are still pending. It is another quiet sign that Indonesian issuers are starting to view Hong Kong — not just Jakarta or New York — as a serious capital-raising option.

• VIVA Apotek Acquires Farmaku in a Pharmacy Retail Roll-Up.

  PT Sumber Hidup Sehat (VIVA Apotek) signed a conditional agreement on April 10, 2026 to acquire 100% of Farmaku, adding 10 outlets and bringing the network to 125 stores across 44 cities and regencies. With Farmaku contributing roughly IDR 110 billion in annual revenue, the deal is positioned as an omnichannel and distribution-efficiency play, with CEO Haryanto Winata pointing to technology and infrastructure integration as the long-term value driver. In a fragmented pharmacy retail market, expect more of these tuck-in deals as scaled players race to lock in both physical and digital supply chains.

👏 What’s Exciting

• DAUN Farm’s Mojorejo Pilot is a Smart Bet on Where Premium Agriculture Actually Gets Sold

  DAUN Farm, the smart agriculture business under DS Group, is preparing to launch a greenhouse melon pilot at Malang Strudel Group’s flagship Mojorejo destination, turning one of Malang’s busiest culinary-tourism stops into both a distribution channel and a demand-generation engine. The economics look credible: precision-controlled greenhouses producing Grade-A melon with up to four harvest cycles a year (versus 1–2 conventional), 70% better water efficiency, and direct farm-to-consumer sales that bypass the quality-consistency and trust gaps that hav…

  Konten dipersingkat otomatis.

  🔗 Sumber: dailysocial.id

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  📌 MAROKO133 Breaking startup: Fore Delivers 📊, Waresix IPO Pops 🚛, Tiket.com Expan

  Dear subscriber,

  This week reflects a maturing Indonesian tech and consumer ecosystem, where profitability, exits, and global ambition are all happening at once. From Fore Coffee proving that a local F&B model can scale sustainably, to Waresix’s strong public market debut signaling investor confidence in logistics, and Rosé All Day exploring strategic options amid beauty sector consolidation, the market is showing clearer paths from growth to value realization. At the same time, expansion stories from Tiket.com and Kopi Kenangan highlight a new phase where Indonesian brands are not just leaders at home but are increasingly stepping onto the regional stage with confidence.

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

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

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  Indonesia’s B2B tech moment is here.

  On July 1–2 at AXA Tower, Jakarta, B2B Tech Asia Expo 2026 brings together the region’s top enterprises, vendors, and innovators at Southeast Asia’s largest expo dedicated exclusively to B2B software. With exhibitors including AWS, Salesforce, Mekari, and SoftBank, it’s the definitive platform for discovering solutions and forging partnerships as Indonesia’s digital economy accelerates. Register now at b2btechasia.com.

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  Stay ahead,
  DailySocial Team

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  🚨 What’s New

  • Fore Coffee Proves the Model Works Indonesian homegrown coffee chain Fore Coffee posted a standout full-year 2025: net profit surged 55% year-on-year to IDR 90.1 billion, while revenue climbed 44% to IDR 1.5 trillion. The company added over 90 new stores throughout the year, bringing its total network to 316 locations across Indonesia. With an EBITDA margin expanding to 20% and IPO proceeds deployed with discipline, Fore is showing that the grab-and-go coffee model built for the everyday Indonesian commuter, is not just scaling, it’s maturing into a profitable, investor-grade business.

  • Waresix Unit Makes a Strong IDX Debut BSA Logistics Indonesia, a subsidiary of Tiger Global-backed Waresix, opened 34% above its IPO price on its Indonesia Stock Exchange debut, triggering an automatic trading halt within hours. The listing raised IDR 302.4 billion and was oversubscribed nearly 387 times, valued at almost Rp2 trillion (around $114 million) market cap, signaling robust appetite from local investors for logistics infrastructure plays. With a stated vision of building an end-to-end logistics platform spanning trucking, warehousing, freight, and shipping across the archipelago, this debut signals that deep-tech logistics is a category investors are ready to bet on in a country where supply chain gaps remain a real economic constraint.

  • Rosé All Day: A Beauty Brand Weighing Its Next Chapter Rosé All Day Cosmetics, one of Indonesia’s most recognized homegrown beauty brands, is reportedly exploring strategic sale options, about two years after closing a $5.41 million Series A backed by AC Ventures. This comes amid an accelerating consolidation wave in the domestic beauty industry, where proven brand equity combined with strong digital sales channels are attracting serious acquirer interest. For an ecosystem where beauty is the largest FMCG e-commerce category, the potential transaction would be a meaningful signal of how local consumer brands can build, scale, and find credible exits.

  • SwipeRx and Pharmacy Tech Continue to Quietly Win Southeast Asia’s largest digital pharmacy network SwipeRx continues to deepen its footprint in Indonesia, partnering with Inofarma to establish 1,000 pharmacies nationwide and publishing a new position paper calling for pharmacists to be recognized as frontline healthcare partners. With only 30,000 pharmacies serving 275 million Indonesians, against a needed 90,000 the gap is enormous. SwipeRx’s combination of tech, bulk purchasing, and digital education for 300,000+ pharmacy professionals shows how infrastructure-first startups can quietly build category-defining businesses in underserved healthcare markets.

  • Unilever Indonesia Eyes Buavita Divestiture Unilever Indonesia is reportedly weighing a sale of its Buavita juice business, with UBS said to have been appointed as advisor, running the process separately from its earlier SariWangi tea divestiture given the different product category and buyer profiles. The move is part of Unilever’s broader global portfolio rationalization, which already saw it spin off ice cream, sell several food brands, and divest its Indonesia tea business earlier this year. For local FMCG players and strategic investors, this creates a rare opportunity to acquire a branded, shelf-proven consumer goods asset with decades of distribution…

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    🔗 Sumber: dailysocial.id

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