📌 TOPINDIATOURS Update startup: Triv’s strategic funding💵, E-commerce fees rise📈,

Dear subscribers,

This week brings a mix of funding moves, regulatory changes, corporate strategy shifts, and high-profile scandals shaping Indonesia’s tech ecosystem. Crypto exchange Triv secured strategic investment from MEXC, signaling stronger regional ambitions. In e-commerce, following Shopee’s lead, Tokopedia and TikTok Shop will introduce seller fees starting August 11, potentially reshaping platform competitiveness. Meanwhile, the eFishery fraud case escalates as police detain several former executives over alleged embezzlement tied to the DycodeX acquisition. On the F&B front, Hangry closed an internal funding round to fuel its growth.

Regionally, Carro, Southeast Asia’s largest online used-car marketplace, is targeting a US IPO with a valuation north of $3 billion. In hospitality, RedDoorz is doubling down on a multi-brand strategy, building distinct lodging brands to serve varied customer segments, and has just launched its 100th Sans property in Indonesia.

In market trends, a new Adjust report shows e-commerce app adoption in APAC grew 13% YoY in H1 2025—defying global stagnation and underlining the region’s resilience.

Best regards,
The DailySocial Team

🚨 What’s New

• Triv secures strategic funding from MEXC💵
  Indonesian crypto exchange Triv has raised a strategic investment from global crypto platform MEXC, valuing the company at around $200 million. The deal is expected to enhance Triv’s market presence and expand its product offerings, leveraging MEXC’s international network. While the investment size remains undisclosed, the move underscores growing investor confidence in Indonesia’s regulated crypto trading space despite broader market volatility. [Read More]

• Tokopedia and TikTok Shop follow Shopee in introducing seller fees📈
  Following Shopee’s recent changes, Tokopedia and TikTok Shop will introduce new seller fees starting August 11, 2025. The policy aims to standardize e-commerce monetization across platforms but may impact SME competitiveness by raising operational costs. The newly merged company has been experience complaints from its customers and merchants, as well as heavy restructuring inside the company. Industry observers are watching closely to see if the fee hike affects seller retention and consumer pricing. [Read More]

• eFishery fraud case escalates with former executives detained🚨
  The ongoing eFishery scandal has taken a serious turn as Indonesia’s Criminal Investigation Agency detained several former executives. They are accused of embezzling funds related to the acquisition of tech firm DycodeX. The case has sent shockwaves through the local VC ecosystem, raising concerns over governance, due diligence, and investor protection in late-stage startups. [Read More]

• Hangry closes internal funding round🔥

  Jakarta-based F&B multi-brand operator Hangry has raised fresh capital through an internal funding round. While details remain undisclosed, the company is expected to channel the funds into expanding its brand portfolio and improving operational efficiency. Hangry’s model—operating multiple F&B brands under one roof—has positioned it well in Indonesia’s evolving dining landscape. [Read More]

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👏 What’s Exciting

• Carro targets US IPO at $3B+ valuation🚗

  Singapore-headquartered used-car marketplace Carro is reportedly eyeing a US IPO that could value the company at over $3 billion. Backed by SoftBank Vision Fund 2, Carro is betting on Southeast Asia’s fast-growing online auto sales market, with IPO proceeds likely to fuel further regional expansion and technology upgrades. [Read More]

• RedDoorz expands multi-brand hospitality strategy🏨
  Budget hospitality platform RedDoorz is doubling down on a multi-brand approach, operating distinct hotel brands catering to different segments—from budget-conscious travelers to mid-tier customers. The company recently celebrated the launch of its 100th Sans property in Indonesia, signaling strong momentum in its brand diversification strategy. [Read More]

🚀 What’s Next: APAC E-commerce App Growth Defies Global Slowdown

E-commerce in Asia-Pacific continues to surge, bucking the global stagnation trend. According to Adjust’s Shopping App Insights report, the region recorded a 13% year-on-year increase in app installs during the first half of 2025, while global adoption levels remained largely flat. Southeast Asia, in particular, is driving this momentum, supported by rising mobile penetration, expanding logistics networks, and the rapid uptake of video commerce features