By Ardi Wirdana
Emtek has made a major move to seize this opportunity by setting up a JV with Alibaba’s payment affiliate, Alipay, to launch payment startup Dana.
Early last year, Ekrut had raised an undisclosed seed round from Indonesia’s leading early-stage investor, East Ventures.
The region is big enough for many players to have their share. But Go-Jek and Grab are expected to be hard to beat with the familiarity and trust built up by their ride-hailing services and perhaps surprisingly in a digital age, their human agents.
Indonesia’s Supreme Court has sentenced a teacher, Baiq Nuril Maknun, to six months’ imprisonment and a fine on charges of ‘violating decency’.
Bukalapak co-founder and president Muhamad Fajrin Rasyid answers questions about Indonesia’s crowded e-commerce market, fundraising, potential listing plans and profitability.
Last year, Go-Jek integrated its own medicine delivery app Go-MED with Halodoc.
Kusuma will move on to focus on developing a new venture in a non-competing category.
UOBAM purchased the stake from local firm Multikem Suplindo.
Singapore dollar-denominated notes issued by First REIT, and those sold by OUE Ltd., controlled by the Riady family, have dropped as a liquidity crunch prompts concern the group is using other entities to help shore up finances.
Venturra partner Raditya Pramana said, the funding crunch at the seed level was a result of existing VCs launching larger funds in an attempt to move up the value chain.