Indonesia Tech Deals Vol. 5 | August 2022

This is a continuation of our previous Tech Deals series (Tech Deals Vol. 1, Vol. 2, Vol. 3, and Vol. 4), as we provide herein, the recent tech deals completed in the period between 1 April and 15 July 2022, and our brief commentary regarding the tech investment environment in Indonesia.

Generally, the trend of investment in Indonesian startups is still going up in spite of the looming "funding winter" and layoffs in startups and major technology companies in Indonesia. Despite the more careful approach of most investors including venture capital investors in allocating their investments, we see that most Indonesian-focused investors remain active in the Indonesian market. There are, however, several major effects on the flow of investments especially the ones made into earlier-stage start-ups, which experience what market observers call the "funding winter".