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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
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Blibli
Public (IDX: BELI)

Jakarta| Est. 2011

First-party retail sales, third-party marketplace commissions (2-10%), corporate B2B services, physical store retail (48 stores), and integrated logistics via BES Paket. Omnichannel strategy differentiates from pure-play e-commerce.

SectorE-commerce
Total FundingUS$ 513M (IPO)
ValuationUS$ 3.4B (IPO)

Investment Thesis

"Djarum Group backing provides competitive moat. Omnichannel strategy differentiates from pure-play e-commerce. Integrated ecosystem spans e-commerce, travel, and grocery."

Recent Signals

  • 01Acquired Dekoruma (furniture e-commerce) 2023.
  • 02Unified "Blibli Tiket" ecosystem.
  • 03Narrowing EBITDA losses 30% YoY (Q1 2024).
  • 04Integrated Tiket.com and Ranch Market.

Key People

  • K
    Kusumo Martanto
  • M
    Martin Hartono
  • L
    Lisa Widodo
  • H
    Hendry Lay
  • R
    Ridwan Gautama

Verified Funding History

RoundDateAmountParticipating Investors
IPONov 2022US$ 513MPublic Market (IDX: BELI)

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