Ardi Wirdana

Correspondent, Indonesia
Email: ardi@dealstreetasia.com

Indonesia mulls setting up Temasek-like super holding company for state enterprises

By setting up a super holding company, Indonesia would be following the lead of neighbors Singapore and Malaysia.


Insignia Ventures leads seed funding in Indonesian proptech startup YukStay

YukStay platform provides a marketplace for urban apartment rental.


Grab-backed Indonesian payment startup OVO said to acquire MF platform Bareksa

The deal with Bareksa counts as OVO’s second acquisition in the space of just three months after the Lippo-affiliated company had reportedly acquired Taralite in February.


Dutch development bank FMO may invest $50m in Berkeley Energy arm

Berkeley Energy’s C&I business is currently active in India and Thailand through REAF II, its second fund targeting renewable energy projects in South and Southeast Asia.


Ekuinas-backed web hosting firm Exabytes buys Indonesian peer Master Web Network

The latest investment into Indonesia comes following the recent investment of $10.7 million Exabytes received from Malaysia’s government-linked private equity fund Ekuiti Nasional Bhd (Ekuinas).


Indonesian job marketplace Ekrut closes pre-Series A led by Venturra Discovery

The round saw participation from new investors Azure Ventures and Japanese HR firm Bizreach Inc.


On-demand public transport startup TRON launches in Indonesia, partners US-based Via

TRON models its service after the once-much-popular Angkot, or public minivans, which used to be the intra-city transportation of choice for many Indonesians.


Indonesian fintech startup Aino secures $4m investment from Japanese IT firm TIS

Indogen Capital-backed Aino helps payments in a number of sectors. It holds a payment gateway licence to process electronic money transaction from Indonesia’s central bank.


Indonesia’s IDN Media eyes multiple acquisitions to drive expansion

The company operates four media websites and three agencies and claims to be profitable.


Aditya Kumar is Go-Ventures VP, confirms backing of external investors

Go-Ventures has already backed local firms including Narasi TV and media startup Kumparan.