Korea’s Yello Mobile acquires Indonesian adtech co Adplus


Korea based mobile media group, Yello Mobile has bought a controlling stake in Adplus, an adtech company in Indonesia for an undisclosed amount. Yello said it would help Adplus – which alongside Google and Innity, ranks on top in Indonesia’s digital media and advertising market – to expand regionally and… Read more »

SB ISAT invests in Indonesian job site Qerja

Indonesian job site Qerja announced Wednesday that it had raised Series A financing from Indosat-SoftBank joint venture SB ISAT at a ‘eight digit US dollar figure valuation’. The company did not reveal the deal details, but said the financing round was one of the highest Series A valuations of any… Read more »

Indonesia-based Jurnal receives undisclosed seed funding from East Ventures

Jurnal, which provides cloud-based accounting software to SMEs, has received seed funding of an undisclosed amount from Indonesian VC firm East Ventures. Jurnal, an Indonesian startup venture, which provides cloud-based accounting software as a service (SaaS) for small to medium-sized businesses (SMBs), announced the receipt of an undisclosed amount of seed funding from… Read more »

IMJ Partners invests in Android app store Oomph

Indonesian Android app store Oomph raised an undisclosed seed funding round from Japanese venture capital (VC) firm IMJ Partners. Oomph, an Indonesia-based online app store for the Android platform, recently announced that it had closed its seed round of funding, with an undisclosed amount from from the Japan-based IMJ Investment Partners. Designed as a… Read more »

Leisure deal auction startup Grivy raises undiclosed seed funding

Grivy, a Jakarta-based travel and leisure activity auction startup, has raised undisclosed pre-series A funding from several Indonesian family offices. According to Dutch entrepreneur Jan Oudeman, who is the CEO of the startup that operates on an auction-based model for leisure services, a few of his latest investors are owners of large conglomerates…. Read more »

Indonesian startup Lensza closes second seed funding round

Indonesia-based InternetOptics- the company that runs Lensza, an online contact lens retailer – said it has closed a second round of seed funding from new and existing investors from Indonesia, Singapore and the Netherlands. Lensza did not disclose the amount it has raised, but its co-founder Marc Uthay was reportedly quoted… Read more »

Exclusive: Northstar Group nears final close of $1b fourth fund

Indonesia focused private equity firm Northstar Group is nearing the final close of its fourth fund that has a hard cap of $1 billion, an executive with direct knowledge of the development said. Northstar had achieved the first close for this fund in July 2014, when it raised $500 million… Read more »

TPG, Northstar sell 17.5% in Indonesia’s BTPN for $462m

TPG Capital and Northstar Pacific have sold a 17.5 per cent in Bank Tabungan Pensiunan Nasional (BTPN) to Summit Global Capital Management for Rp 5.9 trillion ($462 million), the bank said in a statement to the Indonesia Stock Exchange. The private equity firms were working under the TPG Nusantara consortium which… Read more »

Singapore VC Monk’s Hill invests in Indonesian website CekAja

Singapore-based Monk’s Hill Ventures has invested in CekAja, a financial products and services comparison website based in Indonesia. An industry source told DEALSTREETASIA of the development, although the investment value was not made clear. Monk’s Hill did not comment on this when contacted via email. CekAja was set up in 2013,… Read more »

Warburg inks first Indonesia deal, forms $125m shopping mall JV

Private equity giant Warburg Pincus will invest $125 million to build and develop hypermarket anchored retail malls in Indonesia in a joint venture with local operator Nirvana Development, both companies said. This marks Warburg’s first investment in Indonesia, and will be made from the firm’s $11.2 billion Warburg Pincus Private… Read more »