DIVA recently acquired 30% stake in local POS startup Pawoon, which counts as a portfolio company of Kejora Ventures.
Indonesian ARTOTEL Group has set up a joint venture with property conglomerate Sinar Mas Land.
IPOs & Markets
The proceeds will be used to meet working capital needs as well as to support business development.
It has received an investment commitment of over $30 million from Berlin-based JV partner Frontier Car Group.
It had last raised $12 million in May 2018 in a Series B+ round led by EV Growth.
Policy & Regulations
The regulation factors in provisions such as standard minimum fare for motorcycle taxis as well as customer protection and safety.
Mekari CEO Suwandi Soh told DealStreetAsia that the fresh capital was raised to enhance and further develop its products, fuel its growth and acquire
The deal will be a combination of cash and equity.
Both companies seek to expedite their business expansion through various synergies in technology development and product innovation.
The firm will allocate majority of its IPO proceeds to finance the exploration of the Citarum block.
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