Search Results for:Aastha Maheshwari
Grab and Ovo have another common link: The Riady family. The Riady family, which owns the Lippo Group, has invested in Grab through Venturra.
It acquired Kartuku, Midtrans and Mapan marking the largest exit in Indonesia’s nascent startup ecosystem so far.
It had earlier announced plans to sell a 30% stake via IPO in 2020.
Kulina was recently named among the four Southeast Asian startups selected for Google’s Launchpad Accelerator programme.
Go-Jek is learnt to have invested around $2 million in Pathao’s Series A round.
In September 2015, the company raised a sum of $10 million from early backer Paytm.
The deal size is said to be upwards of $50 million.
The tax app provider plans to use the funds to strengthen its technological expertise.
It had raised $2.5 million in 2016 from Golden Gate Ventures, 500 Startups and Lim Dershing.
Industry observers estimate the value of the deal at over $100 million.