Indra Utoyo

Indonesia lender BRI hires Telkom exec to boost fintech, to form VC unit


Utoyo led Telkom’s digital business and VC arm MDI Ventures

Indonesia POS startup Pawoon raises series A from Kejora Ventures

Pawoon’s rivals are MokaPOS, Olsera, Dealpos, and Omega POS Cloud.

Warburg dealmaker spots opportunities on Jakarta roadside

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 »

Indonesia: Evergreen cuts offerings size; Steel Pipe to launch $250 bonds

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 to acquire 50% of Ogan Komering Production Sharing Contract

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 »

C88 acquires Indonesia-based auto listings site Otobro

C88 bought ThinkTank Software in Manila two years ago.

Indonesia’s stock market raised $5b in 2016, contributed $1.6b in gains

The Indonesian stock market had raised nearly Rp 700 trillion ($5.2 billion) in funding last year while contributing Rp 215 trillion ($1.6 billion) in gains, the Indonesian Stock Exchange (IDX) director Tito Sulistio said. The numbers represented a growth of 20 per cent and 15 per cent, respectively. The largest… Read more »

Indonesia’s KataAi rises from the remains of YesBoss, to close series A round soon

KataAi, Indonesia’s B2B artificial intelligence platform, is set to announce the closing of a series A fundraising soon, founder and CEO Irzan Raditya told DEALSTREETASIA. “We closed a pre-series A round last year which we did not announce. But this time we will,” Raditya said, adding that the investors participating… Read more »

CyberAgent-backed Seekmi to raise series A+ this year, says CEO Clarissa Leung

Last year, Seekmi said it had raised a “seven-digit” funding

Two Indonesian football clubs eye capital markets to raise funds

Two Indonesian football clubs have reportedly expressed their interest to tap the capital markets to raise funds, an Indonesian Stock Exchange (IDX) director told reporters in Jakarta recently. Tito Sulistyo, president director of IDX said that he has asked the Institute of Indonesia Chartered Accountant (IAI) to “look into the… Read more »