Search Results for:Antonia Timmerman

Indonesia: Co-working chain EV Hive raises $3.5m in Insignia Ventures-led pre-Series A

Intudo, Pandu Sjahrir & East Ventures also joined the round.


Updated: Fenox Venture Capital, ASUS partner to launch $50m fund

Fund will target startups in the areas of AI, IoT, Big Data, cloud computing and AR/VR.


Indonesia Digest: Sinarmas moves $107m asset from SG; Waskita defers selloff plan

Sinarmas Group has moved a property asset worth $107 million (Rp 1.4 trillion) from Singapore to Indonesia, according to a filing on Monday. Meanwhile, state-owned infrastructure firm Waskita Karya has postponed its plan to divest 10 of its toll operator subsidiaries due to “lack of offers that matched with the… Read more »


Indonesia: GMF AeroAsia allocates 10% for strategic investor in IPO; raises target to $422m

Five companies from Asia and Europe have shown interest in the aircraft maintenance operator.


Indonesia: ReWork raises $3m from ATM Capital, Convergence Ventures

China’s co-work unicorn UrWork, Social Capital, Fortune Union Investments, ACE Capital also joined the round.


Indonesia’s Kioson picks IPO route over VC funds, to become 1st startup to tap IDX

In a bold move, Kudo rival refused to part with majority shares to private equity and venture capital firms.


Indonesia: Hospital chain Hermina raises $45m from Creador ahead of IPO

Hermina plans to raise up to $200 million via an IPO next year.


Indonesia Digest: Siloam, Mega Manunggal plan rights issue; JAI to go public

Hospital chain operator Siloam and warehouse developer Mega Manunggal are slated to raise capital via rights issues.


Indonesia-listed firms sit on $70b cash but perform limited M&A activity: Bain report

Local firms need to start thinking about pulling other levers to deliver earnings growth.


Exclusive: Go-Jek, Grab, Traveloka & Emtek in race to buy digital payments firm worth $20m

Southeast Asian unicorns Go-Jek, Grab, and Traveloka, along with media conglomerate Emtek, are bidding to purchase digital payments firm Fusion Payments for about $20 million, this portal has learnt. Update: Go-Jek, however, has denied that there have been any discussions with Fusion Payments. “GO-JEK is not in contacts nor have… Read more »