Aastha Maheshwari

Correspondent, Indonesia
Email: aastha@dealstreetasia.com

Exclusive: US-based HR tech startup Resume Ranks to raise $10m for SE Asia expansion

Resume Ranks, which has raised $500k from angel investors, is planning to launch in parts of the US, Indonesia, Thailand and Singapore in the second quarter of 2019.


Indonesian freight marketplace Andalin closes Series A led by Access VC, ATM Capital

The Jakarta-based startup was part of the fourth batch of Ideabox accelerator. Andalin raised its seed round in January 2017 from Mountain Partners.


Exclusive: Indonesian coffee chain Koppi snags angel funding, in talks to raise seed round

Indonesia has seen quite a few VC investments in coffee shops including Kopi Kenangan, which secured $8 million from Alpha JWC.


Sumitomo’s Indonesia arm said to invest in fintech startup Cashlez

Mandiri Capital Indonesia, the VC arm of Bank Mandiri, led a $2-million round into Cashlez last year.


Indonesia’s Mandiri Capital seeks to raise up to $100m for new venture fund

Unlike its previous fund, which was derived fully from the balance sheet of Bank Mandiri, the new fund will be mostly raised from external LPs.


Exclusive: Sovereign’s Capital seeking $60m for US, SE Asia-focused fund

Sovereign’s Capital typically makes growth-stage investments in consumer SaaS, B2B tech, healthcare IT, and medical device startups with $500,000 to $10 million in revenue. 


Fenox said to have raised $25m vehicle targeted at US, Indonesia startups

The vehicle will predominantly focus on early-stage deals in the US and Indonesia.  


Exclusive: Insignia Ventures leads seed funding round in Tadotv

Tadotv’s existing investors include Merah Putih, Stellar Kapital, Prasetia Dwidharma, Benson Capital and Everhaus.


Indonesia’s Fore Coffee in talks to raise up to $5m to scale up operations

East Ventures partnered with local coffee chain Otten to launch Fore Coffee, a tech-driven, on-demand concept store in 2018.


Paytm-backed LogiNext in talks to acquire US-based FieldEZ Technologies

In 2016, LogiNext had acquired YourGuy, a cross-category last mile delivery company in Mumbai