Garment manufacturer Sri Rejeki Isman has acquired two textile companies for $84.99 million.
If successful, this would be Byton's second financing in less than a year after it raised around $200 million at a $750-million valuation in August 20
Parent firm Bank Rakyat Indonesia has directed BRI Agro to carry out the acquisitions.
The merged enterprise will have over 3,500 sq m of space operating across five locations in Jakarta's central business district
Sailing Capital is the first major PE fund globally with its initial capital raised domestically in Chinese Yuan (RMB).
Astra International and Grup Djarum have reportedly participated in the funding round.
According to Korean media reports, IBK is also mulling an acquisition of another Indonesian bank before the end of this year.
The partnership with Tokenomy will allow tokenization of loyalty points issued by merchants and businesses in the region.
M Cash Integrasi will aim to leverage SMC's technological expertise and reach in the country.
Crowdsourcing music site Kolase says it has raised $750,000 in funding from local VC firm Global Basket Mulia.
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