Aastha Maheshwari

Correspondent, Indonesia
Email: aastha@dealstreetasia.com

(Updated) Indonesia & SEA-focused East Ventures raising $100m for new JV fund

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 Yahoo Japan to target growth-stage investments.

Exclusive: Insignia Ventures Partners closes debut fund at $120m

Founded by former Sequoia partner Yinglan Tan, the fund marks the largest maiden vehicle by a VC firm in SE Asia.

Exclusive: Indonesia’s logistics startup Etobee raises $3.5m bridge funding

Existing backers include Kejora, Skystar Capital, Gobi & Axiata Digital.

Exclusive: Impact investor Patamar makes first investment from women-focused fund in SayurBox

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 last year in collaboration with the Australian government’s Investing in Women initiative.

Exclusive: Salim Group, MAP latest to eye digital payments in Indonesia

The two firms have applied to Bank Indonesia for an e-money licence.

Singapore’s on-demand staffing startup UShift to raise up to $5m by Q1

UShift plans to use the funds for expansion to four markets outside Singapore – Indonesia, Thailand, the Philippines and Malaysia.

Exclusive: Hong Kong-based fintech startup EMQ raises $6.5m Series A

With a footprint across Hong Kong, Taiwan, Indonesia, Vietnam and the Philippines, the company partners with financial institutions and other strategic partners in each country to enable and settle cross-border remittance via banks and various modes for top-up and last mile delivery.

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.