By Ardi Wirdana
Before joining General Atlantic, Saboo was a Business Development Director at CT CORPORA for over 12 years.
The Jakarta-based startup was part of the fourth batch of Ideabox accelerator. Andalin raised its seed round in January 2017 from Mountain Partners.
The fresh funding will help the company scale up its operations and will also be used to disburse loans to the country’s SMEs.
Indogen’s portfolio includes Malaysian used car platform Carsome, Indonesian travel platform Travelio and Philippine HR tech platform Venteny.
Felda has been considering an exit from the deal which was signed in 2017 to acquire a 37 per cent stake in Rajawali’s Eagle High Plantations.
Indonesia has seen quite a few VC investments in coffee shops including Kopi Kenangan, which secured $8 million from Alpha JWC.
The partnership will make it easier for Go-Jek to move goods to customers within the 17,000 islands of the archipelago.
DEALSTREETASIA takes a look at some numbers based on Alibaba’s quarterly earnings update to deep-dive into where Lazada stands vis-a-vis its peers.
Mandiri Capital Indonesia, the VC arm of Bank Mandiri, led a $2-million round into Cashlez last year.
Its IPO made Passpod the fourth tech company to be listed on the Indonesian bourse.