[Weekly Updates] Facebook and PayPal Invest in Gojek; Kejora Setups New Fund; and More
We deliver weekly update about tech startup in Indonesia
Amir Karimuddin - 8 June 2020
Last week was all about funding. Two big names are joining Gojek’s list of investors. Facebook and PayPal join Google and Tencent in its (still) Series F funding. It’s said PayPal will be integrated into Gojek ecosystem soon.
In other news, Kejora Ventures and SBI Holdings launches $30 million Orbit Fund, while job marketplace Job2GO bags seed funding from BANSEA angel investor network.
Facebook and PayPal Invest in Gojek
Gojek announces Facebook and PayPal as the new investors in the latest round with undisclosed amount. Google and Tencent, existing investors, are also joining the round. The two investors want to support Gojek’s mission, through GoPay, in driving digital economic growth in Southeast Asia, with a focus on payment and financial services.
Through this collaboration, PayPal will open its network, which has reached 25 million merchants worldwide, to Gojek ecosystem.
Kejora and SBI Holdings Launches “Orbit Fund”, Ready to Invest 426 Billion Rupiah for Indonesia’s Early Stage Startups
Kejora Ventures and SBI Holdings today (03/6) launched the Orbit Fund. It is a joint venture in the form of a venture capital company focused on early-stage startups funding in Indonesia. In its debut, they’ve prepared $30 million or equivalent to 426 billion Rupiah.
They are currently targeting edutech, healthtech, consumer goods, agritech, fintech, and online media sectors. Seed funding will be channeled starts from $200,000 to $3 million.
Job2GO Secures Seed Funding from an Angel Investor Network BANSEA
The HR-tech (human resources technology) startup Job2GO announces it has received seed funding from BANSEA angel investor network. The value is not disclosed. The funding is to focus on the improvement of technology products and user acquisition.
BANSEA (The Business Angel Network of Southeast Asia), established in 2001, currently supports thousands of entrepreneurs in the region through a network of investors from individuals and companies they own.