The investment will be routed through BRI's own investment arm BRI Venture.
The deal is likely to value Bridestory at up to $50 million.
Advotics is a SaaS startup which focuses on helping supply chain stakeholders create data-driven decision making.
The GP of the fund will be a fully owned subsidiary of Telkomsel called Telkomsel Mitra Inovasi (TMI).
The scooter rental app, called Grabwheels, is a standalone one separate from the main Grab app.
Standard Chartered’s investment banking unit is learnt to have bagged the mandate to work on the deal.
IPOs & Markets
Indonesia may witness seven startup IPOs this year. In comparison, five startups went for an IPO in the last two years, raising a total of $125 millio
All of Sorabel’s existing investors are learnt to have joined its pre-Series C round, including OpenSpace Ventures.
LPs in the fund include Korea Development Bank, Korea Venture Investment Corporation, NH Investment & Securities and Industrial Bank of Korea.
GOJEK made the investment through its venture capital arm Go-Ventures.
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