Deals
The financing was led by TA Ventures.
1
Shein weighs restructuring US operations as tariff risks cloud London IPO: report
2
TikTok to invest $1.14b to build its first data centre in Finland
3
India Digest: Fortum sells India unit to Hexa Climate; The Souled Store buys Red Wolf; Kult raises funds
4
Rocket Internet-backed Flash Coffee secures $3m to double down on Indonesia
5
BII names ex-Omdiyar partner Shilpa Kumar as its new India head
More Stories
Multiples ropes in global LPs to raise over $400m for continuation fund
Franklin Templeton raises $24m in first close of debut India credit fund
India’s Saimirra Innopharm raises funds from Piramal Alternatives
Grab reports 18% revenue growth, $10m profit in Q1
Temasek’s Gabriel Lim appointed CEO of Seviora
Analysis
Tiket.com was the biggest contributor to the group’s Gross Profit Before Discount.
The financial services business has logged two consecutive quarters of positive adjusted EBITDA.
Earnings and Results
The company posted a net profit of $7 million.
The company posted an adjusted EBITDA of 393 billion rupiah in Q1—its highest ever.
The bank’s total assets grew 44% year-on-year to 32.5 trillion rupiah during Jan-March 2025.
These subsidiaries comprise the Mitra, supply chain, and digital ecosystem.
Rising operational costs significantly eroded Akulaku’s bottom line.
Also read about SE Asia’s e-commerce fundraising trends in Q1 2025.
The startup will use the funds to meet working capital needs and to add more stores.
