Indonesia’s newest listed startup DIVA eyes more investments this year

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The company raised over Rp 630 billion ($45 million) in its November 2018 IPO and followed it up with a 30% stake in startup Pawoon.

Indonesian used car startup BeliMobilGue.co.id bags $10m Series A

The latest funding will help the company further expand into key Indonesian cities, launch new verticals, enhance sales and marketing efforts, and hire new staff.


Indonesian smart city app Qlue closes Series A with MDI Ventures’ backing

Qlue CEO Rama Raditya said the funding from MDI was “mostly strategic” and will be used to hire talent in the field of artificial intelligence.


Exclusive: US-based HR tech startup Resume Ranks to raise $10m for SE Asia expansion

Resume Ranks, which has raised $500k from angel investors, is planning to launch in parts of the US, Indonesia, Thailand and Singapore in the second quarter of 2019.


Citi downplays Indosat merger after rumor doubled share price

The stock has doubled in a month on deal speculation. Citigroup Inc. says a merger would make no sense for Indonesia’s PT Indosat.


Warburg-backed Indonesian real estate platform NWP Retail raises $200m

The funding comes from new investors Korean Teachers’ Credit Union (KTCU) and the CITIC Securities One-Belt-One-Road (CSOBOR) Fund, and Warburg Pincus.


General Atlantic appoints Ashish Saboo to lead Indonesia operations

Before joining General Atlantic, Saboo was a Business Development Director at CT CORPORA for over 12 years.


Indonesian freight marketplace Andalin closes Series A led by Access VC, ATM Capital

The Jakarta-based startup was part of the fourth batch of Ideabox accelerator. Andalin raised its seed round in January 2017 from Mountain Partners.


Indonesian P2P lender Akseleran secures $2.5m in ongoing Series A round

The fresh funding will help the company scale up its operations and will also be used to disburse loans to the country’s SMEs.


Indonesian VC Indogen Capital targets 10 new investments in 2019

Indogen’s portfolio includes Malaysian used car platform Carsome, Indonesian travel platform Travelio and Philippine HR tech platform Venteny.