Aastha Maheshwari

Correspondent, Indonesia
Email: aastha@dealstreetasia.com

Exclusive: Capsquare Asia hits final close for $150m Indonesia-focused fund

Fund to target consumer, FMCG and retail verticals


Exclusive: Falcon House invests in Indonesia’s pastry shop chain The Harvest

European-style pastry shop chain The Harvest has 30 outlets.


Exclusive: Indonesian kebab chain Baba Rafi in talks to sell large stake

Experts peg the valuation of the company to be as high as $10-15 million.


Saratoga-backed MGM Bosco aims to grow three fold in next two years, plans 2020 listing

Saratoga-backed MGM Bosco plans to invest over $35m in Indonesia for expansion.


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

The round values the firm at around $10 million


China’s Ant Financial to ink JV with Indonesia’s Emtek, expand payments empire

The Emtek tie-up is Ant’s fifth international payments deal since November.


Rocket-backed ZEN Rooms closes $4.1 m series A led by Korean funds

Redbadge Pacific and SBI Investment Korea invested in the firm.


Indonesia regulator expects fintech firms to double to 250 by year-end

OJK to focus on FinTech in a big way, expect 250 FinTech companies by end of 2017, 2 local Venture Capital companies form VC fund in Indonesia, hope recent VC regulations will help boost sector


Indonesia: Salim Group steps up e-commerce game, others to follow soon

Salim group recently established their B2B e-commerce venture called, IDmarco.com.


Exclusive: Emtek in JV talks with Alibaba, deal may see investment in Bukalapak

The deal will be about cracking the biggest pain point in the region – payments!