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Stanford Grads’ Stock App Snags Biggest Indonesia Round in Years

Ajaib, an Indonesian online stock trading platform, scored $270 million in the country’s largest tech fundraising round since 2022, a rare bright spot for the region’s struggling startup economy.The Jakarta-based company founded by Stanford MBA Program classmates Anderson Sumarli, 32, and Yada Piyajomkwan, 33, closed its Series C round from Japan’s SBI Holdings Inc. at a higher valuation than before, it said in a statement on Friday. The company didn’t disclose the figure. It was previously valu...

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