Indosat-Softbank JV invests in Indonesian startup

Indosat-SoftBank JV invests in Indonesian startup Dealoka

09 FEB 2015

Dealoka, a mobile e-commerce app, received its first round of Series A funding in January from SB ISAT, a $50 million venture fund jointly established by Indosat (owned by Ooredoo Group) and Japan’s SoftBank to target Indonesian growth-stage startups.

Dealoka is one of the first graduates of Ideabox, Indosat and Ooredoo’s start-up incubator programme. It is a mobile app that gives users e-vouchers based on interest and location, allowing merchants to push promotions to drive offline traffic to their physical stores. It currently promotes global brands including Wendy’s and Baskin Robbins, as well as popular Indonesian merchants.

Indonesia’s tech scene is developing at a rapid pace, said Nasser Marafih, Ooredoo’s group CEO. “Through a variety of initiatives, we are excited to play a role in supporting the development of innovative and relevant digital services across Indonesia, which enhance the lives of consumers and better facilitate enterprise.”

The Ideabox accelerator offers an intensive four-month programme, which provides 24-7 mentoring, seed funding, facilities, a structured curriculum and access to a network of local and international startup founders and advisers.

Following graduation the startups can receive strong support from Indosat and Ooredoo, which includes commercial partnerships, co-location, payment integration and mobile advertising support.

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Joseph Waring

Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he...

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