By Antonia Timmerman
Existing backer Kapan Lagi Networks also joined the round.
Indonesia’s first equity crowdfunding platform Akseleran was officially launched in Jakarta on Tuesday. The startup, which introduced its beta version in December, said that it’s targeting early stage companies and small and medium enterprises (SMEs) in their campaigns. Since its beta launch, Akseleran now has 50 applicants operating in various… Read more »
Private equity deal value in Indonesia reached $1.6 billion in 2016 through 10 deals, a pullback from 2015’s $2.1 billion, a study by Bain & Co shows. Meanwhile, Indonesia exit value continued to fall from 2013’s record high of $2.2 billion to $257 million. The report revealed that decline in… Read more »
Indonesia’s digital customer platform, Bornevia and Indonesia’s crowdfunding platform Wujudkan shut operations due to low traction.
Ride-hailing firms protest new rules in Indonesia even as Singapore allows taxis to introduce surge pricing
In the latest chapter of Indonesia’s online transport industry, the new set of rules that has been introduced by authorities to regulate the sector, has led to protests from the region’s largest ride-hailing companies – Uber, Grab, and Go-Jek – all of who have argued that it will “interfere with… Read more »
Utoyo led Telkom’s digital business and VC arm MDI Ventures
Pawoon’s rivals are MokaPOS, Olsera, Dealpos, and Omega POS Cloud.
Warburg Pincus’s investment in the first billion-dollar Indonesian tech startup began with an American executive noticing green motorcycle helmets on the roads of Jakarta. Jeffrey Perlman, the buyout firm’s Southeast Asia head, had been traveling regularly to the Indonesian capital to oversee the firm’s joint venture with mall operator PT… Read more »
Publicly-listed yarn maker Evergreen Invesco has cut two-thirds of its original fundraising target, from Rp 30 trillion ($2.2 billion) to Rp 10 trillion ($747.7 million). With that, it appears that Indonesia’s biggest rights issue in five years will not happen this year, at least not by Evergreen. Still, Rp 10… Read more »
Jadestone Energy International Holdings Inc., a wholly-owned subsidiary of Jadestone Energy Inc., which is listed on the TSX Venture Exchange, is acquiring 50 per cent in the Ogan Komering Production Sharing Contract, Sumatra, Indonesia, the company said in a statement Tuesday. The company further said it had closed the acquisition for a… Read more »