Indonesian e-commerce startup Kudo raises ‘seven digit’ Series A round led by GREE, East Ventures

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Indonesia’s Kudo, an online-to-offline (O2O) technology startup based in Jakarta, Monday said it had bagged a ‘seven-digit funding round’ led by venture capital firms GREE and East Ventures. The other investors in this round included 500 Startups and Singapore-based IMJ Investment Partners. Kudo had received seed funding from East Ventures… Read more »

Indonesian online marketplace Bobobobo secures Series A funding from Emtek

Bobobobo, an Indonesian online marketplace, has closed a series A funding round led by PT Kreatif Media Karya (KMK), a subsidiary of Emtek Group, a major Indonesian media conglomerate. The amount for the Series A funding was undisclosed, reflecting a prevailing trend in Indonesia towards funding secrecy. Launched in 2013, the Bobobobo investment may… Read more »


LeapFrog leads $45m investment in Indonesia’s Reliance Capital Management

Private equity firm LeapFrog Investments has lead a $45 million investment in Indonesian financial services provider Reliance Capital Management. This marks the emerging markets investor’s first deal in Indonesia. The investment is aimed at taking the company public according to Reuters report, and will see LeapFrog, the Netherlands Development Finance Company and reinsurer PartnerRe… Read more »


South Korea’s Kakaotalk discussing acquisition of Path: Report

South Korea’s Kakaotalk is in discussions with social networking application Path regarding the trade-sale of Path Classic to KakaoTalk, With unknown terms, the potential acquisition would grant KakaoTalk’s parent company Daum Kakao a major foothold in Indonesia, where Path is a leading social app, according to a report from Re/code, Currently, Path has 30… Read more »


ANZ said to revive talks to sell $924m Bank Panin stake

Australia & New Zealand Banking Group Ltd (ANZ) has begun fresh talks for selling its 39 per cent stake in PT Bank Pan Indonesia, after discussions on this divestment had made no progress for over a year, and Japan’s Mizuho Financial Group Inc, may be interested in the deal, news agency… Read more »


Otto Marine acquires stakes in RSOV, RY Offshore for $8m

Otto Marine Ltd, an offshore marine group specialising in the sub-sea and deep sea segment, has entered into two stock purchase agreements for the partial acquisitions of RSOV Marine Pte Ltd and RY Offshore Pte Ltd, for around $8 million. The group is headquartered in Singapore, with a shipyard located in… Read more »


Singapore’s Impiro acquires 95% of Indonesian clean energy firm

Singapore-incorporated full-service investment firm Impiro will take over PT Contained Energy Indonesia (Contained Energy) through a cash-and-stock transaction, which will see Impiro acquire a 95 per cent stake in the renewable energy company. Impiro initially invested in Contained Energy in November 2014, purchasing a 45 per cent stake. After examining the… Read more »


Evoucher secures pre-Series A funding from VITI

Evoucher, an Indonesian daily deals provider, has secured an undisclosed amount of pre-Series A funding round from Value in Technology Indonesia (VITI). Having bootstrapped for the past five years, the funding represents its first external investment. VITI, is a gaming firm based in South Korea with more than 15 years of experiences in the Asia… Read more »


Deltamas reviews IPO plans for $200m listing: Report

Indonesian property developer Puradelta Lester (Deltamas) has initiated investor education ahead of an initial public offering (IPO) estimated to raise roughly $200 million, said a report in FinanceAsia, This capital would fund industrial parks infrastructure, with up to 10.8 billion primary shares — approximately 20 per cent of the total enlarged share capital… Read more »


Bukit Asam takes over nearly entire stake in mining JV co set up with Rajawali

State-owned coal miner PT Bukit Asam announced Friday that it had taken over almost the entire stake in a joint venture (JV) that it created with PT Rajawali Asia Resources, part of the Rajawali Group. In an announcement published on the Indonesia Stock Exchange, Bukit Asam corporate secretary Joko Pramono… Read more »