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

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

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: Lincah acquires Orderfaz. 🤝 BPJS eyes global AI infr

  Dear subscribers,

  As we enter the final month of 2026, Indonesia’s startup and digital ecosystem continues to move at full speed. Strategic milestones — from IPOs and M&A activity to regional expansion — have shaped the headlines over the past week. To help kickstart your week, we’ve curated the key highlights for you in this issue.

  We are also pleased to invite investors — including VC, PE, and angel investors — to Garuda Sparks’ Lunch and Launch, featuring pitching sessions from 10 selected high-potential startups. The event will take place on Thursday, December 4, 2025 at 10:00 AM at GSIH fX Sudirman, Jakarta.

  More information and registration for investors: https://luma.com/gt784e9e

  Stay ahead,
  DailySocial Team

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  🚨 What’s New

  Here are several key updates from Indonesia’s startup ecosystem over the past week:

  • Lincah has acquired Orderfaz to strengthen its social commerce infrastructure across Southeast Asia, integrating Orderfaz’s technology and seller base to build a more unified regional ecosystem and accelerate growth for creators and social entrepreneurs. Lincah currently powers more than 23,000 sellers and 8.3 million buyers across major social platforms with over 500,000 monthly transactions, while Orderfaz is a platform providing tools for order management and social selling enablement for online merchants. The acquisition supports expansion from Indonesia toward Malaysia, supported by an experienced leadership team and long-term regional strategy. [Read more]

  • Superbank — the digital bank formed through a collaboration between Grab and Emtek — has officially entered its IPO phase, targeting to raise over Rp3 trillion by offering up to 4.40 billion new shares priced between Rp525–695 during the 25 November–1 December 2025 book-building period. The funds will be used mainly to support lending expansion (70%) and operational investment (30%). Superbank is expanding digital financial products such as Saku, Celengan, and competitive deposit services, aiming to strengthen its position in Indonesia’s digital banking landscape through its upcoming BEI listing scheduled for 17 December 2025. [Read more]

  • INDODAX, Indonesia’s largest crypto exchange, has announced a major strategic partnership with Hong Kong–licensed digital asset exchange HashKey to strengthen the national crypto ecosystem. The collaboration focuses on improving liquidity, upgrading trading infrastructure, and enabling technical integration, paving the way for innovations such as Real-World Assets (RWA). Both companies emphasized aligned commitments to regulation and user security, with HashKey viewing Indonesia as a key regional market due to its fast-growing crypto user base. The phased execution is expected to deliver faster, safer, and more reliable trading experiences while reinforcing Indonesia’s role in the Southeast Asian digital asset landscape. [Read more]

  • TOCO, a community-based e-commerce platform founded in 2024 by Arnold Sebastian Egg (Founder Tokobagus, acquired by OLX), is rapidly attracting sellers by rejecting the subsidy-driven “burn money” model and eliminating admin fees for merchants. Instead of taking 8–38% platform cuts like major marketplaces, TOCO charges a flat Rp2,000 per transaction to buyers—referred to as a “parking fee”—covering logistics and payment processing. This pricing approach, combined with frustration over rising admin fees at platforms such as Shopee and Tokopedia, has triggered a wave of organic seller migration, helping TOCO reach over 1 million monthly active users and 3.4 million product listings without any marketing spend. [Read more]

  • BPJS Ketenagakerjaan is exploring investment opportunities in global AI infrastructure companies, including those in the U.S., Taiwan, Japan, and South Korea, as part of a strategy to diversify its portfolio and tap into the rapidly growing AI supply chain sector. Managing Rp879 trillion in assets, the institution has requested approval to invest up to 5% overseas, focusing on data centers, energy providers, and cable network companies rather than core chipmakers—though options like Nvidia remain under consideration. The initiative awaits government regulatory clarity and hinges on rupiah stability, while BPJS also targets doubling domestic equity allocation to 20% over the next three years. [Read more]

  👏 What’s Exciting

  Here are several noteworthy industry developments from the regional landscape:

  • Malaysia is preparing to ban social media access …

    Konten dipersingkat otomatis.

    🔗 Sumber: dailysocial.id

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