Telkom Indonesia announces rebrand of its startup incubation programme

The story: Indigo Creative Nation, a long-running startup incubator programme by state-owned telco Telkom Indonesia, announced that it has rebranded into Indigo. The rebrand is also applicable to its other business lines, including:

– Creative centre Digital Valley is being rebranded into IndigoHub
– Creative camp programme Digital Innovation Lounge (DILo) is being rebranded into IndigoSpace

The company also announced the launch of IndigoConnect, a networking platform for startup enthusiast, and Indigo Academy, an online learning platform for Indigo Connect members.

It is also changing its startup batch intake mechanism. Opening application twice a year, Indigo will require selected startups to take part in a bootcamp to improve the quality of its business plan.

The company: Founded in 2009, Indigo startup out as an award event for creative entrepreneurs in Indonesia before transforming into a startup incubation and acceleration programme in 2013.

Indian logistics startup COGOS raises US$2M in Pre-Series A funding round

The funding: Bangalore-based enterprise logistics company COGOS Technologies announced a total of US$2 million in Pre-Series A funding led by Dubai-based global shipping and logistics player Transworld Group and New York-based deep tech fund Worldquant Ventures and more. With this investment, Ritesh S. Ramakrishnan of Transworld Group will be joining the COGOS board.

The plan: COGOS plans to expand its business to the internal market and further strengthen and develop its technology platform. It aims to further upgrade its model and expand the business both in India and overseas. The logistic startup envisions itself as a city logistic leader and sets golden standards for the industry.

The company: COGOS is an AI-led Logistics platform coupled with mobile and control tower capabilities. It is operating in 300 cities in India and claims to expand rapidly. The startup was founded in 2016 by serial entrepreneurs Prasad Sreeram and Dr Rama Mohan Katta with decades of experience in logistics, technology, scaling and global operations.

Also Read: Telkomsel injects US$300M more into Gojek to further grow Indonesia’s digital lifestyle sector

Jeff App raises US$1.5M extension for seed funding to expand to SEA

The funding: Latvian fintech startup Jeff App closed a US$1.5 million seed extension round led by J12 Ventures, bringing its total amount raised to US$2.5 million. iSeed Ventures and Toy Ventures joined the round, alongside existing investors EstBAN, Startup Wise Guys and other angels.

The plan: The funds will be used to scale its team from 15 to more than 40 employees. The larger team will support faster new market expansion, growth in B2B sales and partnerships, and offline services.

The company stated that its license to operate in Indonesia is underway, with a stretch goal to be completed by the end of 2021. Operations in the Philippines are expected to begin in Q3 2021.

The company: Jeff App is a data-enabled loan brokerage platform for the unbanked and underbanked in South and Southeast Asia. It uses alternative data such as smartphone metadata and behavioural patterns, as well as a chatbot to support its mission of promoting financial inclusion for the one billion unbanked in Asia.

Founded at the end of 2019 in Riga, Jeff App started operations in 2020 in its first market of Vietnam, where it has already served more than 300 thousand customers. The startup has raised US$3 million to date.

Green Bitcoin miner CCU commences trading on TSXV

The story: Canada-based green Bitcoin miner Canada Computational Unlimited (CCU) announced that it has been approved for trading on the TSX Venture Exchange (TSXV) at the opening of the market day as of September 7, 2021 (local time) under the stock symbol SATO.

The company: CCU.ai operates a high-grade, carbon-neutral bitcoin mining centre with a contract of 20 MW of stable, eco-friendly energy. The company’s high-density calculation centres are built for high-grade cryptocurrency mining, AI data processing, and fintech infrastructure.

Created in 2017, it aims to pursued a vision of environmental stewardship throughout the cryptocurrency mining process to increase performance throughout the mining process.

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Image Credit: Indigo

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