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///LATE STAGE • Sociolla • US$ 250M • Commerce ///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In ///SERIES A • Hangry • US$ 10.5M • F&B ///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase ///SERIES B • Honest • Undisclosed • Fintech ///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026 ///SEED • Arummi Foods • US$ 2M • F&B ///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime ///PRE-SEED • IDRX • US$ 300k • Web3 ///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing ///SERIES C • Yup • US$ 32M • Fintech ///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops ///LATE STAGE • Sociolla • US$ 250M • Commerce ///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In ///SERIES A • Hangry • US$ 10.5M • F&B ///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase ///SERIES B • Honest • Undisclosed • Fintech ///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026 ///SEED • Arummi Foods • US$ 2M • F&B ///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime ///PRE-SEED • IDRX • US$ 300k • Web3 ///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing ///SERIES C • Yup • US$ 32M • Fintech ///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops

INFRASTRUCTURE

Ecosystem Map

Programs, hubs, and government initiatives supporting company-building across Indonesia.

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BTPIP/UPWARD by MDI Ventures

Corporate Accelerator

FocusDigital Technology

BTPIP/UPWARD: MDI Ventures & Telkom University joint incubation program for student and research-based startups.

Indigo

Telkom's flagship incubator with 200 startups incubated and regional hubs across Indonesia.

Surge Accelerator (Peak XV/Sequoia)

Global Accelerator

FocusSector Agnostic

Surge: Peak XV Partners (ex-Sequoia India/SEA) intensive 16-week accelerator for seed-stage startups. Up to $3M capital, 22 Indonesian alumni.

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