President Joko Widodo had conveyed directions regarding the acceleration of the digital transformation of Indonesian MSMEs.
Under the Gotong Royong (Mutual Cooperation) Share Program, GoTo is set to distribute the companys shares to eligible drivers in Indonesia.
Television was the most preferred channel for advertising and made up 78.2 percent of the total spending.
Previously, Infokost.id was part of Djarum Group-owned venture builder GDP Venture.
The Ministry looks to focus the funding for local startups to ensure the soon-to-be unicorns continue their operations in Indonesia.
Daily transaction made by SMEs increased by up to 70 percent in 2021.
Edutech startup Cakap has secured US$10 million in a Series B funding, which was co-led by Centauri Fund MDI Ventures and Heritas Capital.
In 2021, the number increased by 49 percent to reach approximately $70 billion as compared to the figure in 2020. The growth of our digital market was accelerated due to the pandemic," President said.
