Indonesia’s Anabatic Technologies plans $39m IPO

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Indonesian IT firm PT Anabatic Technologies is looking to raise up to Rp514 billion ($38.46 million) through an initial public offering (IPO), to finance its expansion and repay debt. The consultancy and software solutions company will sell 642.86 million new shares, equivalent to a 30 per cent stake, at an indicative… Read more »

Indonesian B2B marketplace Ralali raises $2.5m from Japanese investors

Ralali, the Indonesian B2B marketplace for maintenance, repair, and operational (MRO) products, Monday said it had secured $2.5 million in funding from Japanese investors, including BEENOS Plaza, an investment arm of BEENOS Group and also Cyber Agent Ventures (CAV). Ralali’s existing investors, East Ventures (EV) and other angel investor also participated… Read more »


Indonesia’s Telkom buys Guam’s GTA Teleguam from Japanese PE firm

PT Telekomunikasi Indonesia (Telkom) Tbk, Indonesia’s largest telecommunication company, said it has reached a deal to buy Guam’s AP Teleguam Holdings Inc, parent company of telco operator GTA Teleguam. GTA Teleguam is one of the telecom operators in Guam. Currently, Guam’s AP Teleguam, the parent company of GTA Teleguam is… Read more »


Indonesia’s Kudo secures Series A funding from media conglomerate Emtek

Kudo, a Jakarta-based startup ventures that develops solutions for the e-commerce and payments market in Indonesia, has secured an additional round of venture funding from a corporate investor, the Emtek Group. The financial terms of the Series A investment were undisclosed. The Emtek Group is the second largest media conglomerate in Indonesia, with… Read more »


Elixir Capital to seal 3 deals across US, Turkey & Indonesia: Arshad Ahmed

Silicon Valley-based private equity firm Elixir Capital, whose anchor investor is Malaysia’s Mavcap, is working to seal three investments – in the US, Turkey and Indonesia – during the next four weeks, an executive of the company said. Co-founder and managing director Arshad Ahmed said the three deals were the farthest along… Read more »


Cyberagent Ventures to launch $50m second Southeast Asia fund with focus on Indonesia

Japan’s venture capital (VC) fund Cyberagent Ventures will launch a $50 million fund for the Southeast Asia (SEA) region, with a strong focus on Indonesian startups. This will be the firm’s second fund for this region. So far, the VC firm had only been offering series A funding in Indonesia, but… Read more »


Daum Kakao parachutes into South East Asia by acquiring Path’s social media services

South Korean’s dominant messaging app Daum Kakao has acquired two services of San Franciso-based mobile messaging app Path for an undisclosed sum, The deal is significant for South East Asia as a bulk of Path’s customers are in this region, and more than 50% of its total active customers of around 10… Read more »


Indonesia’s online shop aggregator Kleora raises seed funding, launches Android app

Kleora, an Indonesian marketplace and an online shop aggregator for women’s products based in Jakarta, has secured an undisclosed amount of seed funding from Japanese VC firm Rebright Partners. Anonymous angel investors also participated in this seed round. The seed funding will be deployed as working capital, rather growth capital, according to Kleora. Founded… Read more »


Indonesia’s Pertamina bids for majority stake in SEA refinery

Indonesia’s state energy company Pertamina is bidding for a majority stake in a refinery in Southeast Asia, as the firm works towards increasing domestic fuel supply and reduce costs. Reuters reported, quoting Pertamina Refineries director Rachmad Hardadi that Pertamina intends to acquire a 51 per cent stake in that refinery. The targeted refinery has a processing… Read more »


Indonesian GDP to surpass Russia, Australia by 2023: Report

Indonesia, is set to become a trillion dollar economy as early as 2017, according to a CNBC report citing a forecast by US-based research firm IHS Global Insight. The outlook is based on the country’s current GDP growth rate of around 5.4 percent annually, with continued robustness over the next few years…. Read more »