Startup incubator EFI Hub plans to raise $2-5 million for its upcoming expansion to Southeast Asia, beginning with the markets of Singapore and Indon
Tokopedia's Vice President of Business, Amit Lakhotia, has resigned from the company.
The startup is learnt to be currently valued at $12 million.
The PE firm had made the first close of its Dymon Asia Private Equity (SE Asia) Fund II at $325 million in December 2017.
The $100-million capital commitment, it was later announced, was for a new $150-million venture capital fund formed by East Ventures, Sinar Mas and Ya
Founded by former Sequoia partner Yinglan Tan, the fund marks the largest maiden vehicle by a VC firm in SE Asia.
Existing backers include Kejora, Skystar Capital, Gobi & Axiata Digital.
The investment by Patamar, estimated to be in the region of $200,000-300,000, was made through its women SME-focused impact investment fund launched l
The two firms have applied to Bank Indonesia for an e-money licence.
Q & A
UShift plans to use the funds for expansion to four markets outside Singapore - Indonesia, Thailand, the Philippines and Malaysia.
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