Indonesia Tech Deals - Vol. 7 | June 2023

In continuation to our previous Tech Deals series (Tech Deals Vol. 1, Vol. 2, Vol. 3, Vol. 4, Vol.5 and Vol. 6), we provide herein, the recent tech deals completed in the period between 1 January and 30 April 2023, and our brief commentary regarding the same.

As mentioned in our earlier article on "Failed Start-Up/Tech Companies in Southeast Asia, Why They Failed, and Effective Solutions from an Indonesian Law Perspective" (here), tech investment in Indonesia was significantly impacted by the global economic condition, inflation, and the cost- of-living crisis. Although the number of tech investments is decreasing this year compared to that of the previous year, the completed start-up and tech investors are still active in different tech- related sectors. This includes the recent interest of investors in fitness platforms, such as Fit Hub, and renewable energy platforms, such as Swap.