Indonesian student loan platform Dana Cita snags funding from Patamar Capital

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The investment has been made through Patamar Capital’s women SME-focused impact fund.

VC firm BEENEXT eyes at least six investments in Indonesia in 2019

The firm, an early backer of Indonesian unicorn Tokopedia, has also invested in fintech firm Amartha and B2B marketplace Ralali.


Indonesia’s Go-Jek extends Singapore service to cover entire city

The island-wide roll-out is part of its continued beta phase for Singapore, which started in November.


Kudo co-founder Lucius joins payments startup OVO amid Grab investment rumour

A recent report suggested that Singapore-headquartered Grab has acquired a stake in OVO, which is owned by Indonesian conglomerate Lippo Group.


Indonesian e-learning startup Squline bags Series A funding from Investidea

The company said the fresh funding will be used to support its technology development, acquire new talent, and for product expansion in 2019.


Indonesian regulator approves merger of BTPN, Sumitomo Mitsui unit

BTPN and the Indonesian unit of Tokyo-listed Sumitomo Mitsui Financial Group announced plans to merge this year after the Japanese lender’s chief executive said it was keen to increase its ownership in BTPN from 40%.


[Update] Indonesia-focused PE firm Capsquare hits market to raise $200m fund

The PE firm had earlier raised $150 million for its second fund that was closed in 2017.


Myanmar agri firm UMG’s venture arm invests in two Indonesian startups

It closed a deal in Botika, that develops chatbot with natural language processing, and AI startup Bahasakita.


GIC-backed Indonesian palm oil producer Triputra Agro exploring sale options

GIC and Northstar bought a $200 million minority stake in Triputra Agro Persada in 2012 and completed a follow-on investment in 2016.


Indonesian healthtech startup Gorry Holdings bags funding from Heritas Capital

The deal is part of a new strategic partnership between the two companies, which will see Gorry Gourmet, the company’s food brand, expand its business beyond Greater Jakarta.