Exclusive: Kresna-backed Gotomalls.com to raise $5m this year

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Kresna is expected to do a follow-on investment.

Proterra Investment Partners to double down on Indonesia’s food sector

It recently invested $100m in Indonesia’s FKS Food & Agri.


Logicalis, Metrodata to buy Packet Systems Indonesia from DMX for $7.5m

Metrodata will acquire 14 per cent, while Logicalis will secure 54 per cent.


Exclusive: Fintech startup Akulaku bags funding from DCM Ventures, others

Akulaku likely to have raised $5-10 m from Chinese VCs.


Indonesia: Kudo rival O2O startup Kioson raises $450k from public firm

Online-to-offline startup Kioson, a competitor of Grab’s Kudo, has raised Rp 6 billion ($450,000) from publicly-listed firm Mitra Komunikasi Nusantara, local media reported. With this investment, Mitra Komunikasi, an IDX-listed company that distributes gadgets, prepaid phone vouchers, and SIM cards, controls 4.94 per cent of the startup. “Contribution (to revenue) is still… Read more »


Indonesia: GDP Venture-backed Blibli acquires Tiket.com

Tiket and Blibli will continue operating their own brands after the deal.


Exclusive: Indonesian edtech startup Ruangguru closes series B

The company likely to have raised $7-8 m in their series B


Indonesia Dealbook: PrivyID raises pre-series A; Arsanesia receives funding

Indonesia DB: PrivyID raises pre-series A; Arsanesia receives funding


Indonesia-focused VC Intudo Ventures closes $10m debut fund

It will lead seed & Series A rounds with a target ownership of 15-25% on a fully-diluted basis.


Exclusive: Indonesian healthtech startups Alodokter, Halodoc eye next fundraise

Alodokter plans to raise $5-6m & Halodoc wants to raise $15m.