The firm was initially planning to raise $30 million for the fund.
Q & A
OVO has already branched out into various other subsectors of fintech through partnerships and acquisitions.
This is MDI’s third fund. The venture capitalist launched a $40 million fund in May 2019.
It raised $25 million from investors including Warburg Pincus and Sequoia in October 2018.
Sayurbox is an e-commerce platform selling fresh, local produce and dry goods from farmers and producers.
In SE Asia, property type and quality are standout issues that warrant special attention.
The co-investment by Talino and CARD MRI continues the co-operation between the two companies that was established in a previous venture.
The tie-up will see a LinkAja payment option available on the GOJEK app later this year.
GOJEK is said to be targeting multiple closes till early next year to close the ongoing round.
It has already backed 3 companies in SEA and is looking to make three more investments by end of 2019.
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