📌 MAROKO133 Hot startup: 💸 Honest lands funding.⚖️ TikTok, Netflix face scrutiny.

Dear Subscriber,

This week brings a mix of momentum and growing scrutiny in Indonesia’s digital economy. Fintech player Honest secured a major funding boost to strengthen its lending and product expansion, while Sriwijaya Capital launched a new private equity fund. TikTok continues to face mounting regulatory challenges. Even Netflix has entered the spotlight as officials revisit the taxation framework. At the same time, the expansion of players like Tyme and Indies Capital Partners signals continued investor appetite for Southeast Asia’s tech ecosystem. Southeast Asia’s tech funding cools sharply, with digital finance emerging as the region’s key growth engine.

This week’s newsletter is sponsored by Biznet Gio Cloud

Biznet Gio Cloud: Reliable Cloud Designed for Optimal Performance

Bring your preferred web apps online with virtual machines or ready-to-use platforms. Start with cost-effective web hosting, VPS, or elastic cloud servers.

Learn More

Best regards,
The DailySocial Team

🆕 What’s New

• 💸 Honest Secures Major Funding Boost – Honest, a fast-growing Indonesian fintech platform, has secured an impressive $100 million in equity funding alongside an additional $40 million in debt facilities. The new capital will fuel the company’s efforts to enhance its lending capabilities and expand its product suite, focusing on empowering small businesses and consumers with better financial access. With this funding milestone, Honest continues to strengthen its position in Indonesia’s competitive fintech landscape and signals investor confidence in the country’s digital finance potential. Read more

• 🤝 Sriwijaya Capital Makes PE Fund Debut – Sriwijaya Capital has made its debut in the private equity space with a $200 million growth fund, officially licensed by Singapore’s Monetary Authority (MAS). The fund is backed by anchor limited partners from Indonesia’s leading conglomerates — Barito Pacific, Indika Energy, and Sinar Mas — underscoring strong institutional confidence in the firm’s long-term strategy. With this launch, Sriwijaya Capital aims to invest across strategic sectors and scale high-potential Indonesian and regional companies, positioning itself as a key emerging player in Southeast Asia’s investment landscape. See the post

• 🛍️ E-Commerce Tax Rule Postponed – The Indonesian government has announced a delay in implementing the new income tax regulation (PPh 22) for e-commerce sellers, citing concerns over maintaining consumer purchasing power. The policy, originally aimed at strengthening tax compliance among online traders, will now undergo further review. This move reflects the government’s balancing act between fiscal objectives and supporting digital economy growth amid current market challenges. Full story here

• ⚖️ TikTok Faces Regulatory Heat – TikTok is under mounting regulatory pressure in Indonesia as authorities tighten oversight of major tech firms. The platform was fined IDR 15 billion by the Business Competition Supervisory Commission (KPPU) for late reporting of its Tokopedia acquisition, setting a key precedent for merger transparency. Adding to its challenges, the Ministry of Communication and Informatics has temporarily suspended TikTok’s license after it failed to provide requested data on live demos and gaming content, reflecting rising tensions over compliance and data-sharing standards. Read the coverage

• 🎬 Netflix Under Tax Spotlight – Indonesia’s Ministry of Finance has spotlighted Netflix’s substantial revenue growth in the local market, raising questions about its tax contributions. Officials noted that despite significant earnings from Indonesian subscribers, the streaming giant has yet to fully comply with domestic tax obligations. The statement hints at potential policy shifts aimed at ensuring equitable taxation across foreign digital service providers operating in Indonesia. Details here

✨ What’s Exciting

• 💡 Garuda Spark Hubs Drive Indonesia’s Digital Readiness – Komdigi has inaugurated the Garuda Spark Innovation Hub in Jakarta and Bandung, with plans to expand further into Medan, as part of its effort to create collaborative spaces for startups and digital talent—reinforcing Indonesia’s vision to become a leading digital nation. The initiative aligns with the country’s improving Indonesia Digital Society Index (IMDI), which reached 44.53 in 2025, signaling strong progress in digital readiness across four pillars: infrastructure, digital skills, industry, and literacy. These efforts aim to accelerate innovation, nurture millions of digital talents, and strengthen Indonesia’s digital sovereignty by fostering local startup ecosystems and empowering regional digital talent across diverse sectors. Read more

• 💡 Indonesia Launches Innovation Hub with Microsoft – Indonesia is set to launch an Innovation Hub in collaboration with Microsoft and support from the United Arab Emirates, aiming to strengthen digital transformation and startup growth. The initiative will focus on fostering AI research, cybersecurity development, and public-private partnerships to accelerate Indonesia’s tech-driven economy. This strategic move highlights the nation’s ambition to become a regional leader in digital innovation. Read more

• …

  Konten dipersingkat otomatis.

  🔗 Sumber: dailysocial.id

  ---

  📌 MAROKO133 Eksklusif startup: PasarPolis funding 💸, Amazon fuels Astro 🚀, SEA’s c

  Dear subscribers,

  We’re back with a fresh look at Indonesia and Southeast Asia’s tech and digital ecosystem. From funding moves in insurtech and quick commerce, to bold plays in mobility and infrastructure, the region continues to show resilience and ambition. We also spotlight Indonesia’s push in digital manufacturing and the evolving dynamics of consumer behavior, where opportunities are shifting toward the two ends of the market. As always, our aim is to bring you the signals that matter most for founders, investors, and policymakers navigating this fast-changing landscape.

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

  This week’s newsletter is sponsored by Fazpass. 

  Most OTP providers charge per request, making resends and failures costly. Fazpass Intelligence Authentication lets you pay only after a successful verification—cutting costs by up to 52% while ensuring reliable verification through auto-switching across WhatsApp, SMS, or missed calls. [Try Now!]

  Best regards,
  The DailySocial Team

  ---

  🚨 What’s New

  • PasarPolis secures fresh funding 💸
    PasarPolis, Indonesia’s leading insurtech, has raised new funding in an extension round led by Japanese insurance giant Tokio Marine. While the exact figure was not disclosed, sources close to the deal said it was around USD 5 million. The fresh capital will help PasarPolis deepen its presence in Southeast Asia and expand its digital insurance products.

  • Amazon backs Astro’s quick commerce push 🚀

    U.S. tech giant Amazon has reportedly invested USD 51.9 million in Indonesian quick commerce startup Astro. The move comes just as Amazon officially launched its own 10-minute delivery service in India, signaling stronger ambitions in the region. For Astro, the investment strengthens its financial position in an increasingly competitive market where consolidation is expected.

  • GoTo secures $286M loan facility 💰
    GoTo Group has obtained a Rp4.65 trillion (USD 286 million) syndicated loan from DBS Indonesia and UOB. The facility, with a four-year tenor, will be used to refinance existing debt and support general corporate needs, including investment and working capital. As of June 2025, GoTo still had Rp467 billion outstanding from its 2022 loan, which this new funding helps cover. The company emphasized that the loan poses no adverse impact on its operations or financial health, but instead strengthens its liquidity.

  • Green SM scales EV taxi service nationwide ⚡🚖
    Green SM, the Indonesian EV taxi operator, is accelerating its expansion with three new launches in a single week. The company debuted its service at Soekarno-Hatta International Airport, marking a major step in electrifying airport transport. Soon after, it entered Jakarta’s eastern suburb, Bekasi, broadening coverage in Greater Jakarta’s commuter belt. It also made a strategic move into Makassar, opening access to eastern Indonesia’s economic hub. This rapid rollout reflects Green SM’s ambition to dominate the EV mobility market across the archipelago.

  ---

  ✨ What’s Exciting

  • INA bets big on AI, health, and renewables 🌱🤖

    Indonesia’s sovereign wealth fund Indonesia Investment Authority (INA) is sharpening its focus on strategic sectors: digital infrastructure, AI in healthcare, and renewable energy. The fund, now managing USD 10 billion, aims to attract foreign partners and technical expertise to strengthen these industries. INA is diversifying beyond equity into hybrid capital and private credit to support Indonesian companies’ global expansion. This direction aligns with the government’s priorities on data independence, energy transition, and healthcare modernization—areas seen as critical for long-term economic resilience.

  • Indonesia showcases digital manufacturing at Hannover Messe ⚙️🇮🇩

    Indonesia showcased its advancements in digital manufacturing at the Hannover Messe 4.0 Expo, highlighting the country’s push toward Industry 4.0 transformation. The showcase highlighted Indonesian smart factory, automation, and digital solutions aimed at boosting productivity and competitiveness. Officials stressed that manufacturing innovation is key to economic growth and positioning Indonesia in the global supply chain, while reaffirming the nation’s commitment to international collaboration in industrial digitalization.

  ---

  🔮 What’s Next

  Latest report by Lightspeed Venture Partners stated that Southeast Asia’s consumer landscape is increasingly shaped by a barbell economy, where the most attractive opportunities lie at the two ends of the spectrum: affluent consumers with spending power…

  Konten dipersingkat otomatis.

  🔗 Sumber: dailysocial.id

  ---