Interestingly, the layoffs come barely months after Bukalapak beefed up its top management team.
The tie-up will entail a co-GP arrangement wherein both the firms will scout for investment opportunities together.
IPOs & Markets
Gaya Abadi Sempurna is planning to raise up to $4.4 million from its IPO in October 2019 while AKR Corporindo has divested its ownership in Berlian Ma
The proposed deal could see Grab buy a majority stake in Ant-backed DANA and merge it with OVO.
Pluang plans to use the capital to go beyond the ambit of gold, launch US dollar savings and fixed return products.
JALA Tech, a Yogyakarta-based shrimp farming management startup, has secured seed funding led by 500 Startups.
Antler is also exploring options to expand in other markets in Southeast Asia, such as Vietnam, Malaysia, and Thailand.
GOJEK has launched a car-based transportation service from Jakarta international airport.
Founded in 2018, SuperAtom is a startup incubated by and spun off from NYSE-listed Cheetah Mobile.
The startup is also in talks with VC firms such as East Ventures, Agaeti and SMDV to garner funding.
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