Analysis
It is targeting to increase export contribution to 25% of its top line this year from 10% currently.
Reliance Retail's adoption of digital rupee can become playbook for Asia
Adani crisis ignites Indian contagion fears, credit warnings
Indonesia's eFishery to step up US focus in exports push
Japanese VC Global Brain sets up $39m fund with Meiji Yasuda Life Insurance
SG-based The Parentinc looks to turn profitable next year, even as losses zoom nearly 25% in 2021
More Stories
Bangladesh B2B startup ShopUp secures $30m debt financing
Singapore’s Blockchain Founders Fund eyes over 200 deals with $75m second fund
BYJU’s fires another 1,200 employees, more layoffs to follow
Indonesian co-working space CoHive declared bankrupt by court
Indonesian warung enabler GudangAda leans on lending, POS services in revenue push
IPOs & Markets
It now aims to sell shares at 875-880 rupiah apiece to raise up to $611m
Venture Capital
Gobi is investing through its Malaysia-focused fund Gobi SuperSeed II.
Unicorns
Grab already has similar partnerships with Bukalapak and Emtek Group
DealStreetAsia had reported in Oct. that CoHive would shut down most or all of its locations.
Deals
Bio Farma has estimated a 49% drop in revenue in 2022.
Klikit allotted shares to investors, including Wavemaker Partners and Gentree Fund.
Transaction fees from its marketplace constitute the biggest revenue driver for the company.
The Pertamina unit plans to offload a 25% stake in an IPO slated for Feb 20-22.
Policy & Regulations
Indonesia targets to have at least 1.2m electric motorcycles and 35,000 electric cars by 2024.
