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ARTICLE · 13 MARCH 2024

Indonesia Tech Deals Vol. 9 | February 2024

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Despite the "tech winter" trend that overshadowed the start-up and technology industry in 2023 and the major shutdown that forced start-up companies to reduce all critical costs ...

IndonesiaTechnology
Marshall Situmorang
Marshall Situmorang
Audria Putri
Audria Putri
M. Irfan Yusuf
M. Irfan Yusuf
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In continuation of our Tech Deals series (see previous publications: Tech Deals Vol. 1, Vol. 2, Vol. 3, Vol. 4, Vol. 5, Vol. 6, Vol. 7, and Vol. 8)

we provide in this edition the deals concluded in the technology sector between 1 September until 31 December 2023, along with our brief commentary regarding the recent tech deals.

Despite the "tech winter" trend that overshadowed the start-up and technology industry in 2023 and the major shutdown that forced start-up companies to reduce all critical costs including their employees. We note that there has been a significant increase of transactions in the technology sector during the last four months of 2023. This significant increase shows that some of the major investors remain active, and Indonesia is still an attractive investment jurisdiction for the tech businesses.

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