Search Results for:Aastha Maheshwari

Lippo Group’s Ovo enters co-branded partnership with GrabPay in Indonesia

Grab and Ovo have another common link: The Riady family. The Riady family, which owns the Lippo Group, has invested in Grab through Venturra.


Go-Jek acquires three fintech firms as battle for payments heats up

It acquired Kartuku, Midtrans and Mapan marking the largest exit in Indonesia’s nascent startup ecosystem so far.


Exclusive: Indonesia’s online retailer Bhinneka revises IPO plan, may go public in 2018

It had earlier announced plans to sell a 30% stake via IPO in 2020.


Indonesia: Food delivery startup Kulina to close second seed round of over $500k by Jan

Kulina was recently named among the four Southeast Asian startups selected for Google’s Launchpad Accelerator programme.


Exclusive: Go-Jek said to have picked up minority stake in Bangladesh ride app Pathao

Go-Jek is learnt to have invested around $2 million in Pathao’s Series A round.


Exclusive: Paytm-backed LogiNext partners IBM to streamline e-commerce supply chain

In September 2015, the company raised a sum of $10 million from early backer Paytm.


Exclusive: Go-Jek said to have acquired majority stake in payments firm Kartuku

The deal size is said to be upwards of $50 million.


Exclusive: Indonesia’s OnlinePajak closes $3-5m Series A backed by Alpha JWC, Sequoia

The tax app provider plans to use the funds to strengthen its technological expertise.


Exclusive: Indonesia’s Alodokter said to have closed $7m Series B backed by SoftBank

It had raised $2.5 million in 2016 from Golden Gate Ventures, 500 Startups and Lim Dershing.


Exclusive: Go-Jek eyeing payment gateway Midtrans

Industry observers estimate the value of the deal at over $100 million.