Four batches of GK-Plug and Play Indonesia participating startups have obtained a total of US$20 million in investment

The local branch of Silicon Valley-based accelerator programme GK-Plug and Play Indonesia on Thursday announced insurance company Sequis Life and horticultural company Great Giant Pineapple as its new corporate partners.

The two companies will existing partners Astra International, BNI, BTN and Sinarmas in the accelerator programme’s ecosystem.

“Synergic collaboration must be formed not only between startups, government, and venture capital, but
also with large corporate giants who have the capital, resources, and human capital to support
the innovation ecosystem,” said Melisa D. Alim, GK-Plug and Play Indonesia Vice President of Corporate and Partnership.

At the Expo Day 4.0 event in Jakarta, the programme also named the 16 Indonesian and foreign startups that have successfully completed the three-month accelerator programme as its fourth batch:

Piniship (Indonesia)
The startup helps export-oriented companies with cargo delivery scheduling, price comparison, documents procession, and payment transactions.

LogicNesia (Indonesia)
A distribution optimisation software for manufacturers and logistics to maximise vehicle drop-in locations, reduce delivery cost, and vehicle utilisation.

Also Read: Plug and Play’s Christian Knipfer describes Taiwan’s strengths in building a startup ecosystem

Lacak.io (Indonesia)
The platform helps logistics companies track their fleets or drivers’ location, measure each delivery’s performance, and evaluate drivers’ driving behaviour.

RaRa Delivery (Indonesia)
A last-mile delivery service for e-commerce businesses that aims to make same-day delivery scalable with asset-light operational model and AI-enabled real-time optimisation technology.

ATM Sehat (Indonesia)
Anjungan Telehealth Masyarakat (ATM) Sehat is an all-in-one device that for public health promotion, monitoring, and prevention. Users can perform health checks and screening, do live consultation, buy health products, and even call an ambulance using a panic button with just one device.

TernaKopi (Indonesia)
The startup produces cold brew coffee that is deemed safer for customers with gastritis problem. It already runs a coffee shop in East Jakarta.

Redkendi (Indonesia)
Redkendi is an online marketplace for meal catering services.

Bizhare (Indonesia)
Bizhare is an equity crowdfunding platform that enables users to start investing in franchise businesses from US$400. It also distributes financial statements and monthly profit distribution through its e-wallet feature.

Also Read: Plug and Play Indonesia brings in 17 startups into its 3rd batch

Bandingin (Indonesia)
Bandingin is a price comparison platform for various insurance products.

PayOK (Indonesia)
The startup aims to simplify personal finance by offering consumer behaviour insights. In addition to monitoring and visualising their spending habits, users can also get relevant promotions at merchants.

Aquifi, Inc. (US)
The startup automates repetitive, time-sensitive tasks such as end-of-line and order inspection with proprietary 3D sensors and deep neural networks.

Intello Labs (India)
Intello Labs said it has pioneered a “first-in-the-world” app and equipment to test, grade, and analyse the visual quality parameters of agricultural commodities.

Magpie (the Philippines)
Magpie is a digital payments platform that enables financial institutions to create experiences from mobile-based invoice collection to text message-based payments using their APIs.

PolicyPal (Singapore)
The startup builds a mobile app that enables users to compare and get insurance policies at affordable prices.

Also Read: 11 startups graduate from Plug and Play Indonesia as the accelerator opens third batch registration

CoinHako (Singapore)
Cryptocurrency wallet CoinHako has operations across Southeast Asia and hosts a portfolio of multiple cryptocurrencies paired with local currencies.

Throughout the programme, the startups are being provided with mentoring programmes, connection to venture capital firms and media, business tools, coworking space, initial investment fund, as well as opportunities to collaborate with GK-Plug and Play Indonesia’s corporate partners.

The programme said that all startups that had been supported throughout its four batches had obtained investment funds of more than US$20 million, with US$5 million obtained in 2018 alone.

GK-Plug and Play Indonesia has opened application for its fifth batch, which will be focussing on six verticals including IoT and Mobility, Food and Agriculture, as well as Fintech and Insurtech.

—

Image Credit: GK-Plug and Play Indonesia

The post GK-Plug and Play Indonesia names new partners, graduates 16 startups appeared first on e27.