For Northstar, an investment in Zenius would mark its first deal after it hired former Google Indonesia head Henky Priatna to make early-stage tech in
Bukalapak recently closed Series F financing backed by South Korea's Shinhan GIB and Indonesia's Emtek at a $2.5 billion valuation.
It is in talks with Indonesian VCs to explore co-investments beyond the pre-seed stage level.
BAce believes that Indonesia’s co-living industry is well positioned for development, given its economic growth and rapid urbanization.
Yanolja has also upped its holding in ZEN Rooms by purchasing an additional stake in the company from fellow backer Asia Internet Holdings.
Other investors that participated in the oversubscribed round include Grab, OVO, and Agaeti Ventures.
Grab Indonesia has been accused of giving drivers of an affiliated company car rental firm preferential treatment, including priority orders from cust
The transaction marks the first set of deals made by the joint venture between GIC and Summit Hotel.
For many South Korean VCs, investing in Southeast Asia is no longer a matter of preference, but a necessity.
IPOs & Markets
The startup's indicative market cap will be A$1.16 billion to A$1.36 billion ($782 million-918 million).
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