### Daily Briefing: Triggers Market Selloff in Indonesian Tech Industry">Unrest Triggers Market Selloff in Indonesian Tech Industry">Indonesian Tech Startups in Southeast Asia
**Date:** August 29, 2025
**Focus:** Key updates from the last 24-48 hours on funding, acquisitions, and growth in Indonesia’s tech sector, with implications for Southeast Asia.

#### 1. Main Development: Bang Jamin Raises $4 Million in Pre-Series A Funding
**Key Facts and Context:**
Indonesian insurtech startup Bang Jamin secured $4 million in a pre-series A funding round on August 29. The round was led by undisclosed investors. Bang Jamin focuses on digital insurance for underserved markets in Indonesia. This follows a trend of rising insurtech investments in the region.

**Why This Matters:**
The funding highlights growing investor confidence in Indonesia’s digital economy, which is projected to reach $130 billion by 2025. It could help expand affordable insurance access in a market where penetration is low (under 3% of GDP). This boosts financial inclusion but depends on regulatory support and competition from giants like Grab.

**What to Watch For Next:**
Details on how Bang Jamin will use the funds, such as product expansions or partnerships. Monitor for similar insurtech deals in Southeast Asia amid economic recovery.

#### 2. Key Development: Mekari Acquires Social Commerce Platform Desty
**Key Facts and Context:**
On August 28, Indonesian SaaS firm Mekari acquired Desty, a social commerce platform. Mekari, which provides business software for SMEs, also streamlined its ownership under local entity PT Mid Solusi Nusantara. The deal aims to integrate e-commerce tools into Mekari’s offerings. Terms were not disclosed.

**Why This Matters:**
This acquisition strengthens Mekari’s position in Indonesia’s booming e-commerce sector, valued at over $50 billion. It could help SMEs digitize faster in Southeast Asia, where 70 million small businesses drive the economy. However, integration challenges and market saturation from players like Shopee may limit short-term gains.

**What to Watch For Next:**
Announcements on post-acquisition plans, such as new features or regional expansions. Track investor reactions and potential follow-on deals in SaaS and e-commerce across Indonesia and neighbors like Singapore.