Antonia Timmerman

GDP Venture-backed Blibli acquires Tiket’s sister company Indonesia Flight

When Blibli acquired Tiket, both agreed that it would continue operating their own brands upon acquisition

Indonesia: BRI completes acquisition of VC firm Bahana Artha Ventura

Indonesian state-lender Bank Rakyat Indonesia (BRI) has completed the acquisition of 35 per cent stakes in venture capital firm Bahana Artha Ventura (BAV), a subsidiary of state-owned Bahana Pembinaan Usaha Indonesia (BPUI). According to a filing to the Indonesian Stock Exchange, Bank Rakyat Indonesia paid IDR 71.32 billion (US$5.28 million) for… Read more »

Vietnam: Garment firm Quang Viet to take 42% in King Hamm for $11m

King Hamm has two factory plants in Vietnam, supplying high-end swimwear and functional wear to global brands

Messenger platform LINE Indonesia takes over carpooling startup TemanJalan

TemanJalan had raised seed funding from Golden Gate Ventures and an angel investor back in August 2016.

Indonesia: East Ventures leads funding round in

The startup said it aims to use the funding to expand its reach in the Southeast Asia region.

Singapore: Wearable tech maker KaHa raises $4.5m from SPRING Seeds, others

KaHa will use the funds to expand its presence in Asia, Europe, and the US.

Exclusive: Indonesia’s Tinkerlust raises pre-Series A from Merah Putih, angel investor Danny Oei

The startup will invest the proceeds into engineering and product development.

Indonesia: Co-working space operators EV Hive, Clapham Collective merge

Co-working space chain operator EV Hive – an affiliate of East Ventures – has merged with Clapham Collective, a co-working space based in Medan, North Sumatra, Indonesia. Upon the merger, Clapham Collective founder Chris Angkasa will join EV Hive’s board of advisors, the statement announced. EV Hive had just raised… Read more »

M Cash & Kresna acquire 29% in MatchMove Indonesia, prepare it for 2018 listing

Kresna is ready to inject “a few million US dollars if needed” into the joint venture.

Indonesia: IDN Media raises Series B from East Ventures, Central Exchange

The round was joined by Hong Kong-based central venture capital firm Central Exchange