Go-Jek, Traveloka and Tokopedia confirm investment in insurtech startup PasarPolis


This portal had in June reported that Go-Jek, Traveloka and Tokopedia had invested $5-8 million in PasarPolis.

Indonesian startups Akseleran, Pomona confirm recent funding

Peer-to-peer lender Akseleran has confirmed raising a $1.85-million pre-Series A funding round backed by New York-based Bintraco Dharma and several angel investors.

Indonesian remittance startup ZendMoney in talks with VCs to raise $3-5m

Initial discussions are said to have taken place with Singapore-based Insignia Ventures Partners, early stage fintech investor Finch Capital and Monk’s Hill Ventures. 

Australian PE firm EMR Capital exits Martabe mine in $1.21b deal

The buyer is Danusa Tambang Nusantara, which is jointly owned by United Tractors and Pamapersada Nusantara.

Indonesia’s Alpha JWC adds Neurosensum, Bobobox to its portfolio

Neurosensum bagged funding from Alpha in April, just two months after it launched commercial operations in Indonesia.

A booming gig economy doesn’t necessarily spell windfall for Indonesia’s workforce

A growing digital sector is creating new jobs, as well as improving the lives of ordinary Indonesians but the tradeoff may be lower wages, stagnant spending and far less job security for workers than full-time jobs offer.

Indonesia’s Warung Pintar raises $4m in Vertex-backed round

The latest funding comes after its $4-million seed round in February backed by SMDV, Digital Garage, East Ventures, Insignia Ventures Partners, Triputra Group and various angel investors.

Indonesian production firm MD Pictures eyes strategic investors after IPO

The company is even planning to set up a $5-million fund from the IPO proceeds to finance its Hollywood projects.

IFC to arrange $275m debt package for Indonesia’s PT Trans Corpora

IFC is looking to deploy up to $75 million of the debt financing package from its own account and mobilise the rest.

Mandiri Capital-backed Cashlez in talks to raise fresh $5m funding round

The company is currently in discussions with a number of potential new backers – most of them non-VC investors – while existing backers are expected to top up in the upcoming round.