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ARTICLE · 13 JANUARY 2023

Indonesia Tech Deals Vol. 6 | January 2023

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In continuation to our previous Tech Deals series, we provide herein, the recent tech deals completed between 16 July and 31 December 2022, and our brief commentary regarding the tech investment environment in Indonesia during the period.

IndonesiaTechnology
Marshall Situmorang
Marshall Situmorang
Audria Putri
Audria Putri
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In continuation to our previous Tech Deals series (Tech Deals Vol. 1, Vol. 2, Vol. 3, Vol. 4, and Vol. 5), we provide herein, the recent tech deals completed between 16 July and 31 December 2022, and our brief commentary regarding the tech investment environment in Indonesia during the period.

During the third and fourth quarters of 2022, the tech investment environment in Indonesia remained affected by the current climate of the global economy, inflation, and crisis of the cost of living on the other side of the world. We have frequently seen news on layoffs in tech sector and decrease in funding for many start-ups. Despite these challenges and economic downturn, fundraising in tech sector in Indonesia has remained active. Some businesses have even managed to secure significant amounts of funding.

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