Top Indonesian entrepreneurs set up early-stage VC firm Kolibra Capital

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Kolibra is the brainchild of Teezar Firmansyah, Tokopedia co-founder and director Leontinus Alpha Edison and Ciputra conglomerate heir Nararya Ciputra Sastrawinata.

IFC mulls $15m equity investment in PT Bank KEB Hana Indonesia

IFC already holds a 9.98 per cent stake in PT Bank KEB Hana Indonesia, a mid-size bank with an asset base of IDR 40,654 billion ($2.7 billion).


Indonesia launches endowments-linked sovereign Islamic bonds

Up to 25 billion rupiah ($1.64 million) cash waqf has been collected by several waqf managers for the new sukuk.


StanChart CEO says actively exploring options for Indonesian bank stake

StanChart and Indonesian conglomerate PT Astra International jointly control PT Bank Permata tbk, each owning 44.56%.


Jack Ma to open institute for tech entrepreneurs in Indonesia

The country is a key market for Alibaba, whose cloud computing arm Alibaba Cloud launched a data centre in Indonesia in March.


Indonesia’s Bukalapak eyes breakeven in 3 years, riding on new products & small town coverage

Bukalapak, which started eight years ago by selling items including bicycles and some used items on its online platform, seeks to explore a possible listing in its home market after becoming profitable.


Indonesia Digest: Grab launches new car services; Go-Jek rolls out voucher marketplace

In the latest developments from the two ride-hailing rivals in Indonesia, Grab has launched two new car-hailing services while Go-Jek has rolled out a voucher marketplace.


Indonesian home design startup Dekoruma bags Series B from GDN, AddVentures

The round was joined by Skystar Capital and existing investors Beenext and Convergence.


KKR is at centre of tussle for control of Indonesian noodle firm Tiga Pilar

At a shareholder meeting in July, KKR — which holds 35% of Tiga Pilar’s voting stock — successfully voted to oust the company’s board of directors. The event ended with founder and President Joko Mogoginta publicly accusing KKR of attempting a “hostile takeover” as he stormed out of the gathering.


Indonesia’s GoWork raises $13.8m in Series A co-led by Gobi Partners, Paradise Group

GoWork plans to use the proceeds to triple its footprint by next year, targeting over 100,000 sqm in operation by early 2020.