Unilever Indonesia sells food spreads business to KKR for $210m


According to Unilever Indonesia, the sale would allow the firm to reshape and sharpen its portfolio.

Shipment tracking firm Roambee raises $2m from MDI Ventures, set to enter Indonesia

The investment from MDI comes just over a year after the company announced the closing of a $4.1-million round of funding from Deutsche Telekom and undisclosed Silicon Valley investors.

Former Kudo executive Sukan Makmuri joins Indonesia’s UangTeman as CTOO

Makmuri’s appointment is the first among a series of executive transitions at the company as it prepares to scale its service throughout Indonesia and Southeast Asia and finalizes its Series B round.

CVC Capital said to invest in Indonesia’s top snack producer GarudaFood

CVC is said to have invested about $150 million in GarudaFood ahead of a planned IPO.

M Cash subsidiary NFC Indonesia seeks to raise up to $24m via IPO

NFC says the IPO is part of the company’s strategy to accelerate its business pace to be the biggest digital exchange hub in Indonesia.

Central Capital’s Suteja bats for co-investment, collaboration among Indonesian bank VCs

Central Capital Ventura, the VC unit of Indonesia’s largest private lender Bank Central Asia, has so far invested in seven fintech startups. Its sweet spots are pre-Series A and Series A investments in fintech, insurtech, big data, deep tech and IoT.

Go-Jek backers offer $1b in new funding for overseas expansion

Current backers, including Tencent & Warburg Pincus, have discussed providing more funding to the firm.

Indonesia’s TADA secures Series B funding from Finch Capital

Following the funding round, which was also joined by Tada’s existing investors, Finch Capital partner Hans de Back will join the startup’s board.

East Ventures invests in Indonesian video analytics startup Nodeflux

Nodeflux said the funding will help support research and development on computer vision and deep learning.

500 Startups backs seed round for Indonesian angel investment network ANGIN

ANGIN currently manages 33 investments that include crowdfunding platform KitaBisa.com, community data startup Qontak and co-working space ReWork.