Indonesia Tech Deals Vol. XI

In continuation of our Tech Deals series,we provide in this edition the deals concluded in the technology sector between 1 September until 31 December 2023, along with our brief commentary regarding the recent tech deals can be accessed here.

Despite the "tech winter" trend that overshadowed the start-up and technology industry in 2023 and the major shutdown that forced start-up companies to reduce all critical costs including their employees. We note that there has been a significant increase of transactions in the technology sector during the last four months of 2023. This significant increase shows that some of the major investors remain active, and Indonesia is still an attractive investment jurisdiction for the tech businesses.

Note: You can access the previous Tech Deals here: Vol. 1, Vol. 2, Vol. 3, Vol. 4, Vol. 5, Vol. 6, Vol. 7, and Vol. 8

The article above was prepared by Marshall S. Situmorang (Partner), Audria Putri (Senior Associate), M. Irfan Yusuf (Associate)

Disclaimer: The information herein is of general nature and should not be treated as legal advice, nor shall it be relied upon by any party for any circumstance. Specific legal advice should be sought by interested parties to address their particular circumstances.