We are not exiting Indonesia, says Zalora Group CEO


“We are not retreating from Indonesia nor the Philippines”

Indonesia: Pertamina to buy Iranian fields; Govt holding to manage Freeport mine

Indonesian state-owned energy firm Pertamina will submit proposals to purchase two oil fields in Iran, the government announced yesterday. Meanwhile, in a further development of Indonesia’s row with US-based gold miner Freeport McMoran, the government said that Indonesia Asahan Aluminium (Inalum) is ready to be the manager of Grasberg mining… Read more »

Indonesia’s Angel-eQ network looking to invest in 5 startups, adding more angels: Sandiaga Uno

Health, consumer, food, fintech, education will get more investor attention

Indonesia: Shinta Dhanuwardoyo named co-founder and president of Sqeeqee.com

Indonesian digital veteran and CEO of Bubu.com Shinta Dhanuwardoyo has been named co-founder and CEO of Sqeeqee, according to a release. Dhanuwardoyo will be working together with Jenny Q. Ta to develop the website, dubbed as the world’s first “social networthing” platform. Sqeeqee describes itself as a “social commerce platform”… Read more »

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

Zalora sold its businesses in Vietnam and Thailand last year

Indonesia’s Astra exec says it will not sell stake in Bank Permata

Astra and StanChart each owned 44.8 percent of Permata as of Dec. 31

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

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

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.