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Ajaib Secures Record Funding for Indonesian Tech
28 Aug
Summary
- Ajaib secured $270 million, the largest tech round since 2022.
- This funding is a significant positive development for Indonesia's startup economy.
- The platform was founded by Stanford MBA classmates.
Ajaib, an online stock trading platform based in Indonesia, has successfully raised $270 million. This substantial investment represents the largest tech funding round recorded in the country since 2022. The achievement stands out as a rare positive development for Indonesia's startup sector, which has been facing considerable economic challenges.
The Jakarta-based company was established by Anderson Sumarli and Yada, who met as classmates in the Stanford MBA Program. Ajaib's significant funding round is seen as a crucial bright spot, potentially signaling renewed confidence and opportunity within the nation's technology landscape.
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