By Aastha Maheshwari
Patamar Capital raised $45 million for its first vehicle, which has backed 14 startups, in 2016.
Its existing investor Mandiri Capital Indonesia also participated in the round.
By setting up a super holding company, Indonesia would be following the lead of neighbors Singapore and Malaysia.
Grab has added two new GrabKitchen locations while Indonesia has launched its NextIcorn initiative.
Both companies will sell around 30-35 per cent each of their enlarged capital in the IPO, targeted for second half this year.
YukStay platform provides a marketplace for urban apartment rental.
Traveloka remained non-committal in its response to IPO queries, saying there was no short-term plan to list its shares on the IDX.
Four Indonesian startups Talenta, Sleekr, Jurnal and Klikpajak consolidated their operations to form one entity called ‘Mekari’.
The CVC arm will invest in startups in the areas of on-demand delivery, distribution optimization, in-store analytics and environmentally friendly packaging.
The deal with Bareksa counts as OVO’s second acquisition in the space of just three months after the Lippo-affiliated company had reportedly acquired Taralite in February.