People
Chief financial officer Eddy Porwanto has been appointed acting CEO.
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Moladin, Xendit said to have trimmed workforce in latest tech reset
Moladin had recently raised $18.6m from existing and new backers.
Private Equity
A parent-level investment will mark a departure from the PE firm’s earlier strategy with the group.
Analysis
Indonesia alone reached $13.1b, making it the platform’s second-largest market globally.
Policy & Regulations
It plans to publish the list of shareholder concentrations by end of Feb or early March.
IPOs & Markets
Stocks in Indonesia have lost about $120 billion in market value since MSCI’s warning.
To support the vision, Living Lab Ventures has launched a dedicated healthcare fund.
Deals
Aice had been in the market for close to two years to raise primary capital.
CEO attributes rapid rise to offline-online strategy and winning over brands.
Indointernet has been listed on the IDX since February 2021.
