Cyber Agent Ventures Leads an Investment for Kurio

It seems that more and more Indonesia’s local startups attract the attention of global investors as time goes by. Just take a look at Kurio smart news reader which has just sealed a majestic funding from Japan-based Cyber Agent Ventures and a number of angel investors. We call it majestic as the funding involves millions in US Dollars, which means billions in Indonesian Rupiah. What makes Kurio different from other similar platforms is that it may adjust the news to read with its users’ preference. Continue reading Cyber Agent Ventures Leads an Investment for Kurio

Indonesia Leads Growth on Digital Advertising in APAC

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eMarketer has just rolled out a publication about the state of digital ads industry in Asia Pacific, along with its projection until 2018. Interestingly, based on the total media spending, Indonesia is sitting nicely at the top of the list, having other countries like Singapore and China below it.

This result may a big relieve for startups, considering the fact that most of Indonesia’s local startups are still relying on digital ads, as it isn’t that easy to gather revenue directly from their products or services, although e-commerce vertical has actually started to shine. Since most of Indonesian Android apps developers still find digital ads as the best option, the research’s result would be music to their ears.

Based on the survey results, it seems that there would be even more brands choosing digital media over traditional media. This may open bigger chances for content-based or mobile-based startups to possibly get tons of extra cash in the future.

While Indonesia’s growth number is an undisputed winner, its actual number on total media spending is actually just one percent (1%) of the total spending of all countries in Asia Pacific, which can also mean that there’s a huge room to grow.

E-commerce and Online Media Companies Top Indonesia’s Most Valuable Internet Properties

When The Economist (7/7) released the World Startup Report which contains top three startups in each of 50 countries all over the world, it stated that there is currently no Indonesian startup valued at $1 billion – nor even $100 million. The top three Indonesian startups with the biggest market values according to the report are Tokobagus (OLX Indonesia), Kaskus, and online news site Detik. Continue reading E-commerce and Online Media Companies Top Indonesia’s Most Valuable Internet Properties