Triv’s strategic funding💵, E-commerce fees rise📈, Carro targets US IPO📜

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

• 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’...