By Antonia Timmerman
The startup will invest the proceeds into engineering and product development.
Co-working space chain operator EV Hive – an affiliate of East Ventures – has merged with Clapham Collective, a co-working space based in Medan, North Sumatra, Indonesia. Upon the merger, Clapham Collective founder Chris Angkasa will join EV Hive’s board of advisors, the statement announced. EV Hive had just raised… Read more »
Kresna is ready to inject “a few million US dollars if needed” into the joint venture.
The round was joined by Hong Kong-based central venture capital firm Central Exchange
The funding is expected to support the growth of the company’s microfinance portfolio.
The deal size is said to be upwards of $50 million.
It has also secured Bukalapak as its exclusive partner.
Loft Orbital is a San Francisco-based tech startup that leases space on satellites.
Qlue provides an app for citizens to report and share civic issues in their neighbourhood to city authorities and enterprises.
The company joins snack producer GarudaFood and toilet brand Toto’s local distributor in planning to raise funds in the equity market.