Search Results for:Antonia Timmerman

Indonesia IPO: Ayana Land to raise $22.4m, Integra Indocabinet aims for $63.5m

Property developer Ayana Land is set to raise Rp 300 billion ($22 million) from a planned public offering this year. Also going public, wooden furniture manufacturer Integra Indocabinet will raise about Rp 848 billion ($63.5 million) from the corporate action. Ayana Land Hotel boutique operator Ayana Land has announced that… Read more »

Indonesia DB: Indosat’s e-commerce site Cipika shuts down; Thai site Priceza launched

E-commerce site Cipika, which is owned and operated by telco firm Indosat Ooredo, will cease operations by the 1st of June, the platform says on its website. Meanwhile, e-commerce price comparison site from Thailand, Priceza, is officially introduced in Jakarta after four years of operating in the country. Cipika Cipika… Read more »

Indonesia: Grab launches next phase of $700m master plan; introduces GrabHitch

Grab Indonesia has launched the second phase of its $700 million ‘Grab 4 Indonesia’ master plan, the company announced. Yesterday, the Singapore-based app introduced its first four-wheels social carpooling service – GrabHitch (Nebeng) Car – in the country. Nebeng is the Indonesian slang for hitching. The service is designed for… Read more »

Indonesia: Ahlijasa raises seed round; Startup World Cup 2018 opens for application

On-demand laundry service provider Ahlijasa Indonesia has raised an undisclosed amount of seed funding. It has also announced the release of its iOS app. In another startup development, global pitch competition Startup World Cup returns in search for a $1 million investment prize winner in the SWC 2018. Ahlijasa seed… Read more »

500 Startups keeps 20% failure rate after 6 years: Khailee Ng

“Our pride is we have lot of companies that are actually profitable”.

Indonesia: GDP Venture in talks to buy shares of had never raised a venture capital round.

Indonesia: Emtek Group confirms acquisitions of e-money services Espay, DOKU

Espay & DOKU are likely to be integrated into Emtek’s Blackberry Messenger.

Japan’s SBI Group invests $6.3m in Indonesian P2P lender Taralite

Tokyo-based fintech company SBI Group has invested $6.3 million into Indonesian peer-to-peer lending startup Taralite, the firm announced today. The financial terms were not disclosed. The funds will be used to build a “world-class R&D team”, which would build an algorithm for Taralite’s future plan to be a “one-stop shop”…. Read more »

Indonesia co-work space EV Hive raises $800K, appoints new management team

The new management team is expected to be EV Hive’s new engine to drive regional expansion

Indonesia: Maison invests in e-commerce site; ANGIN expands network

Indonesia-focused B2B e-commerce site WOOK has raised $22 million in a Series B round led by private equity firm Maison Capital. Meanwhile, Indonesian angel investment network ANGIN recently announced a new office in Medan, its first expansion within the country. Maison leads Series B for WOOK Chinese private equity firm Maison… Read more »