Indonesian B2B meal solutions marketplace Redkendi has raised an undisclosed amount in seed funding from local investment firm Prasetia Dwidharma.
Policy & Regulations
The new VAT rules would be imposed on e-commerce, content providers, startups and other internet-based economic activities.
The startup is in the process of raising another $6.5 million to complete its Series B funding round.
Credit card penetration remains at 10% or less in Thailand, Indonesia and Vietnam, while mobile payments are used by 47-67% of the population.
IDN Media acquired Indonesian eSports media platform GGWP.ID for an undisclosed amount.
Traveloka has signed an agreement with West Japan Railway Company to provide the latter's tickets on its platform,
Southeast Asia e-commerce giant Lazada has appointed Chun Li as its chief executive for Indonesian operations.
New York-listed Ormat Geothermal Power is the buyer.
The PE firm has roped in DBS Bank to facilitate the transaction.
The company raised around $1 billion earlier this year. It is valued at up to $10 billion, said sources.
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