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The information seems to confirm recent reports of a fresh $1 billion funding round raised by Tokopedia.
The investment was made through a through a series of transactions at the Philippine Stock Exchange (PSE) over the past two months.
As of November of this year, TNKapital has backed five startups, including logistics startup Pakde, HR management platform Gadjian and employee attendance tracker Hadirr.
DIVA recently raised $43 million in an oversubscribed IPO round on the IDX, in which it offered 400 million new shares.
The Telkomsel CVC will look to co-invest with the CVCs of its shareholders, MDI Ventures and Singtel Innov8.
Bukalapak has teamed up with investment platform Tanamduit to introduce mutual fund products to first-time retail investors.
ORORI secured a reported ‘seven-figure’ Series A sum led by Indonusa Dwitama and joined by 500 Startups, East Ventures and Spiral Ventures.
The feeder fund will invest mainly in the Baring Asia Private Equity Fund VII, which reached a first close of $4.5 billion in July.
Emtek has made a major move to seize this opportunity by setting up a JV with Alibaba’s payment affiliate, Alipay, to launch payment startup Dana.
Founded in 2010, K2VC is an early-stage venture capital firm focused on technology, business model innovations and changing consumer lifestyles.