By setting up a super holding company, Indonesia would be following the lead of neighbors Singapore and Malaysia.
YukStay platform provides a marketplace for urban apartment rental.
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.
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.
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).
The round saw participation from new investors Azure Ventures and Japanese HR firm Bizreach Inc.
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.
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.
The company operates four media websites and three agencies and claims to be profitable.
Go-Ventures has already backed local firms including Narasi TV and media startup Kumparan.