Indonesia-listed Passpod acquires Singapore’s trip-planning platform Packdat


Its IPO made Passpod the fourth tech company to be listed on the Indonesian bourse.

It’s a 3-5 year wait before Indonesia starts delivering returns to LPs: DSA Summit

Right now in Indonesia, and SEA, in general, there has been a lot of growth, a lot of capital appreciation, but mostly on paper, Albert Shyy, Principal at Burda Principal Investments said.

French tiremaker Michelin acquires Indonesian peer Multistrada for $439m

Michelin will initially acquire 80% of Jakarta-based Multistrada and launch a tender offer to buy the remaining shares in the Salim Group unit.

Europe-based VC Finch Capital targets up to 4 deals in Indonesia this year

The firm has backed Indonesian startups Cermati, Ayopop, TADA, and Jojonomic.

Niche funds, active angels needed to boost Indonesian startup ecosystem: DSA Summit

Towards making an evolved ecosystem, there is a need for the various types and classes of investors to come together and collaborate more.

Indonesia’s Bukalapak launches local R&D center, bike sharing service

Bukalapak has partnered with the Bandung Institute of Technology (ITB) to launch a new bike-sharing service called BukaBike.

Grab appoints new managing director for Indonesia

Grab has announced the appointment of Neneng Goenadi as the managing director for Grab Indonesia.

Indonesia’s corporate VCs eye fintech, new retail, proptech as favourite themes: DSA Summit

Fintech is a sector that corporate VCs are most bullish about given the opportunities Indonesia’s financial service sector presents.

Indonesia’s Mandiri Capital seeks to raise up to $100m for new venture fund

Unlike its previous fund, which was derived fully from the balance sheet of Bank Mandiri, the new fund will be mostly raised from external LPs.

Go-Jek raises over $1b in first close of Series F round

The latest financing secured from investors including Google,, Tencent and Mitsubishi values the company at nearly $10 billion.