Indonesia has seen a number of leading startup figures making a move to the public sector, but the public finds themselves anxiously waiting for the next big innovation to reveal itself. The high expectation is understandable, but the public sector is a tricky path to navigate, after all. When...

Last night, the Southeast Asian startup ecosystem was hit with another devastating blow as gojek announced the imminent shutdown of its GoLife and GoFood Festival services, followed by the lay-off of 430 employees. The shutdown of these services is strongly related to the impact of the COVID-19...

gojek said in an internal email communication today that it will let go of 430 people (about 9 per cent of the workforce). The Southeast Asian on-demand multi-service firm will close two of its core products — GoLife, which offers at-home services of massage and cleaning, and GoFood Festivals,...

Ajey Gore Ajay Gore, Group Chief Technology Officer of gojek, has announced his departure after serving the tech giant for about six years. Gore, who joined the on-demand multi-service company in mid-2015 as Head of Engineering in its Bengaluru office before being promoted to the position of CTO in...

Indonesian ride-hailing giant gojek today named Facebook and PayPal as new investors in its latest funding round. Existing investors Google and Tencent, who first made investments in the company in 2018, also made a comeback in this undisclosed funding round. In a press statement, gojek stated that...

The COVID-19 outbreak has brought the world to a standstill. Almost every industry is suffering because of the crisis. Startups in the Asia Pacific market have also felt the side effects. What’s more, some of them were the first to feel the power of COVID-19. So, let’s see how they are dealing...

The Southeast Asian startup ecosystem has been one of the fastest-growing, but it is now threatened by the COVID-19 pandemic. According to research by Google, Temasek and Bain & Company, the Southeast Asian Internet economy is currently worth a massive US$100 billion (tripling its value over the...

Singapore-based Southeast Asia-focussed Private Equity firm Northstar Group has announced the first close of its fifth fund. The first close represents approximately one-third of its target of US$800 million in total commitments. Its Limited Partners include sovereign wealth funds, insurance...

The COVID-19 outbreak has affected all of us and disrupted our way of life. It has wreaked havoc in many markets and industries, with its impact on businesses apparent — in terms of operations, sales and headcount. The communications industry has, undoubtedly, seen its own set of challenges,...

The 10 APAC-based companies bagged a cumulative total of over US$1.8 billion in investments this March despite economic slowdown   By Monika Ghosh   According to an S&P Global report, Asia-Pacific economies could suffer $211 billion due to the coronavirus pandemic, while countries like Japan,...