By Fanny Potkin
Makarim confirmed Go-Jek has set up a VC arm, Go-Ventures, as first reported by this portal.
Venturra Seed, the offshoot, is close to sealing its first investment.
Malaysia’s YTL Corp. and PT Semen Indonesia are among suitors weighing bids.
The round was joined by existing investors Emerging Media Opportunity Fund (EMOF) and Lin Che Wei, a prominent financial and public policy analyst in Indonesia.
Indonesia Digest: BCA picks stake in ATM ALTO; Paytren buys 5% in tempo; Hexindai lifts 20% in Musketeer
Bank Central Asia, through its venture capital arm Central Capital Ventura, has acquired 2 per cent in switching company ATM ALTO
The company said the latest investment brings Cicil’s total funding raised to over $5 million.
The buyer is Italian consumer credit service provider Compass Banca, a subsidiary of Italian investment bank Mediobanca.
Limited partners include government-backed Korea Venture Investment Corp.
SweetEscape has secured $1 million from East Ventures, Beenext, Skystar Capital, and GDP Venture.
The investment will enable Salim to access Youtap’s full suite of e-money platforms.