Key Indonesia Startup News This Week – 30 Jun

Here you can find some interesting startup news around Indonesia, not only in its capital, Jakarta, but also other their tech startup hubs such as Yogyakarta, Medan, Surabaya, and many more. These listed news are taken from our partner, DailySocial, a leading blog on Indonesia’s tech startup scene.

(1) Some overview information on the several tech investment funds being set up to invest in Indonesian startup companies, their background and portfolios. (See also: Funding scenes in Singapore)

(2) Lots of people have taken interest to e-commerce in Indonesia, with more than 20 e-commerce companies launched last year alone. And of course, a lot of them went down to the deadpool, leaving incumbents like Rakuten, TokoBagus, Plasa, Berniaga, Kemana, Tokopedia, and so on.

(3) MicroAd, a Japan-based ad network and data exchange platform company is expanding their operation to the huge untapped market in Indonesia.

(4) Indonesian mobile telecoms company Indosat’s net profit this year declined more than US$68 million or around 56% in 2010 compared to 2009, said Director Harry Sasongko Tirtotjondro.

(5) Agung Wijanarko, head of mobile devices at XL Axiata, an Indonesian mobile telecoms company, is leaving his post after just nine months on the job.

(6) Yahoo! Koprol, a location-based social networking website, is holding Hack&Roll based in Indonesia and Philippines. Developers will compete using unreleased Koprol API and work some wonders. They will have only three weeks to do that.

(7) With the growth of Indonesian people’s appetite for travel and the growing interest on visiting Indonesia, TourExplora has launched its marketplace for travel agents to sell travel packages.

(8) Entrepreneur, strategist, and CEO Andi Boediman officially announce that he’s starting a brand new tech-startup incubator called Ideosource.

(9) There really aren’t many addictive games on BlackBerry, especially by Indonesian developers. Now two local developers are striving to change that by launching MiMo Machi for BlackBerry.

(10) Para Group, one of business conglomerates in Indonesia involved in banking (Bank Mega), media, and entertainment (TransCorp) , has acquired Indonesia’s online media giant Detikcom.

This has been brought to you by SGE and DailySocial. DailySocial is a blog that covers the Indonesian tech startup scene. They publish in both Indonesian and English.

Thank you to nordicfactory for the flag image.

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