Search Results for:Antonia Timmerman

Rocket Internet’s Zalora said to be exiting Indonesia after selling Philippines’ ops

Zalora sold its businesses in Vietnam and Thailand last year

Indonesia: Printerous raises $1.4m led by Golden Gate Ventures

Sovereign’s Capital and Indonesian Gunung Sewu Kencana also participated.

Australia: AirTree Ventures leads $25m round for online lender Prospa

Australia-based VC firm AirTree Ventures has led a $25 million investment into online lender Prospa, in a deal claimed to be “the largest fintech venture capital investment in an Australian business”. Prospa said it will use the funds to boost technology, product expansion and distribution, as well as ramping up… Read more »

China Digest: Matrix joins AT Zuche $58m round; IDG invests in CreditEase unit

Matrix Partners China has joined a $58-million series C financing round for AT Zuche while China-based IDG Capital, along with CreditEase New Finance Industrial Investment Fund, have invested RMB80 million ($11 million) in CreditEase Insurance Agency. Matrix Partners China joins AT Zuche latest round Matrix Partners China, affiliated-firm of US-based… Read more »

Fund focus: Kejora’s Eri Reksoprodjo on its leap of faith, exits, future PE play possibility

Jakarta-based VC firm Kejora Ventures Wednesday marked the first close for its second fund at $21 million (the vehicle is targeting to raise $80 million), securing commitments from high-profile investors across Asia Pacific such as Indonesia’s Barito Pacific family, Thailand’s Charoen Pokphand, and other high net worth individuals in the… Read more »

Indonesia: Kejora Ventures marks first close of $80m fund

Barito Pacific Group, the Charoen Pokphand family and Hubert Burda Media invested in the fund.

Indonesia: NIDA Rooms gets $5.6m in Shanda Group-led series A

The latest financing round brings NIDA Room’s total investment to $11m.

Indonesia: Mandiri Capital seeks SEA expansion, lobbying with govt to relax rules

Mandiri Capital Indonesia (MCI), the corporate venture capital (CVC) of state-owned Bank Mandiri, said that it is looking to expand regionally this year, and is in dialogue with the authorities to “find ways around” a recently launched rule on foreign ownership for payment services. “Expanding to Southeast Asia has always… Read more »

Freeport refuses to sell 51% Indonesia ops, threatens to take government to arbitration

Dispute centers around Freeport’s 30-year mining contract expiring in 2021

Ex-Indonesia top cop Haiti ‘resigns’ as Grab’s president commissioner

Only two weeks back, Grab announced the appointment.