The deal is expected to be closed over the next few weeks.
East Ventures-backed Fore Coffee and Alpha JWC investee Kopi Kenangan are in talks raise more capital.
The company had raised $25 million in a SoftBank Ventures Asia-led round last year.
Tokopedia has picked up a 'significant stake' in Laku6 and the deal size is in the range of $5-$10 million.
The deal is likely to value Bridestory at up to $50 million.
Standard Chartered’s investment banking unit is learnt to have bagged the mandate to work on the deal.
BRI will be the third state-owned firm to set up a venture capital fund, after Telkom Indonesia and fellow lender Bank Mandiri.
The JV partners s have made an initial investment of $50 million but are expected to inject as much as $200 million to ramp up its operations.
Koru Partners describes itself as a multi-asset investment manager that dabbles in real asset fund management and venture capital.
Discussions are at an advanced stage and if talks fructify, the former will pick up a ‘significant minority stake’ in Laku6.
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