EMTEK group

Exclusive: Indonesia’s Muslimmarket.com raises Series A from 500 Startups, others


The round values the firm at around $10 million

Emtek unit acquires production house Sinemart Indonesia

Emtek Group’s Surya Citra Media (SCM), through its unit Indonesia Entertainmen Group (IEG), has acquired 80 per cent stake in production house Sinemart Indonesia, the company said on Wednesday. The purchase had been completed on January 23, 2017. Sinemart Indonesia is a local soap opera producer that has helped competitor… Read more »

Indonesia: E-commerce startup Kudo raises funding from Emtek Group, others

Indonesian e-commerce startup Kudo announced today that it has raised an eight-digit funding in an investment round led by media conglomerate Emtek Group. Previous backers East Ventures, 500 Startups, Singapore Press Holdings, IMJ Investment Partners, and Skystar Capital also participated in the round, according to the company’s statement. Kudo CEO… Read more »

Indonesia: Lakupon raises $742k; Ninja Van expands its services

Emtek Group’s unit Lakupon has landed $742,000 investment from New Wealth Capital in a round led by managing partner James Tan and Partners Sean Lim. Meanwhile, Singapore-based Ninja Van has announced the extension of its services to Indonesia. Lakupon lands $742k funding Lakupon founder Leonard Kwee said that the new… Read more »

Indonesia’s Kudo secures Series A funding from media conglomerate Emtek

Kudo, a Jakarta-based startup ventures that develops solutions for the e-commerce and payments market in Indonesia, has secured an additional round of venture funding from a corporate investor, the Emtek Group. The financial terms of the Series A investment were undisclosed. The Emtek Group is the second largest media conglomerate in Indonesia, with… Read more »

Indonesian online marketplace Bobobobo secures Series A funding from Emtek

Bobobobo, an Indonesian online marketplace, has closed a series A funding round led by PT Kreatif Media Karya (KMK), a subsidiary of Emtek Group, a major Indonesian media conglomerate. The amount for the Series A funding was undisclosed, reflecting a prevailing trend in Indonesia towards funding secrecy. Launched in 2013, the Bobobobo investment may… Read more »