Indonesia’s FDN raises $1m Series A funding


Indonesia’s Female Daily Network (FDN), which operates websites such as Female Daily and Mommies Daily said it has raised $1 million in a Series A funding from a group of investors led by Ideosource. The other investors include Sinar Mas Digital Ventures and Jakarta-based Convergence Accel. FDN said it would use… Read more »

Indonesia’s Lion Air plans 2016 listing

Indonesian air carrier Lion Group is planning an initial public offering (IPO) in 2016 and will use the proceeds to build an airport hub, vital for its future, its chief executive said, according to a report. “We are already talking to the banks about an IPO and will use the… Read more »

PT Archi launches up to $379m Jakarta float

Indonesia’s gold mining operator PT Archi began roadshows, this week, for its upcoming initial public offer (IPO) that aims to raise between Rp3.5 trillion to Rp 4.6 trillion ($295 million to $379) million. PT Archi is part of the Indonesian conglomerate Rajawali Corp, controlled by tycoon Peter Sondakh. In addition… Read more »

HaruKaEdu gets Series A funding from CyberAgent Ventures

Indonesia’s online education and training startup HaruKaEdu has secured Series A round of funding from Tokyo-headquartered CyberAgent Ventures, said the company. It refused to divulge deal amount. Founded in 2013, HaruKaEdu said it will use the funding to enhance its online course offerings, hire more executives on its rolls and expand… Read more »

Indonesia’s Tokopedia raises $100m from Softbank, Sequoia

Indonesia’s leading e-commerce marketplace, PT Tokopedia, will be receiving $100 million in funding from Japan’s SoftBank Corp and Sequoia Capital. The funding round, led by Softbank, is the largest ever investment received by an Indonesian startup.  This is also Softbank and Sequoia Capital’s first investment in Indonesia. The deal is… Read more »

Japanese investors big on Indonesia

Indonesia has emerged as the second largest M&A (mergers and acquisitions) market for Japanese investors in South East Asia this year. Japanese investments account for 16.4% of the country’s total foreign direct investment (FDI), in 2014 Global risk solutions provider Kroll notes that Japanese’s investment in Indonesia is 18.3% of… Read more »

CIMB buys 10% in Indonesia’s 7-Eleven operator

CIMB Private Equity Sdn Bhd, the wholly-owned investment arm of Malaysia’s CIMB Group, will buy a 10% stake, valued at $25 million, in PT Modern Internasional Tbk, the parent firm of 7-Eleven convenience stores in Indonesia, the company said. The deal, that is slated to close early November, will see… Read more »