There’s definitely appetite for tech IPOs in Indonesia: Kresna MD Jahja

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Kresna took two of its units M Cash and NFC to list at the IDX, raising $22 million and $21 million respectively.

Indonesia Digest: Go-Jek eyes Bengaluru hires; Kaskus invests in Prosa.ai

Indonesian ride-hailing giant Go-Jek is looking to hire 200 engineers in Bengaluru, India, to support its expanding portfolio of products.


On-demand warehouse startup Waresix bags $1.6m funding led by East Ventures, Monk’s Hill

The company said it will use the fresh capital to continue to leverage its technology and data capabilities to drive increased efficiency for the overall warehousing industry.


Sumitomo’s Indonesia arm nears deal to pick stake in Mandiri Capital-backed Cashlez

The upcoming funding round will give Cashlez additional firepower to fight off increasing competition in the mPOS space.


INDONESIA CRUNCH | Go-Pay versus Ovo – Is this where Go-Jek falls behind?

Grab seems to have caught up in Indonesia with its Ovo partnership. Will this make the payments field difficult for Go-Jek?


Indonesia’s Kejora Ventures hits final close for second fund

Kejora founder and managing director Sebastian Togelang said the exact amount for the final close could not be disclosed, but confirmed that it was slightly below the $80-million target as reported earlier by DEALSTREETASIA.


Indonesia Digest: Grab, TrueMoney in pact; Google to open Cloud Region

Indonesia will be home to Google’s eight cloud region in Asia Pacific after Mumbai, Singapore, Taiwan, Sydney and Tokyo, with Osaka and Hong Kong still to come.


Indonesia’s KinerjaPay buys digital payments firm Mitra Distribusi Utama

Earlier this year, the company acquired Kinerja Indonesia, whose line of businesses includes data center, web hosting and development, network solutions, e-wallet and games.


Indonesia seeks to improve tax compliance in e-commerce industry

Tokopedia and Bukalapak will be among e-commerce firms which will ask sellers for identification numbers to operate on their platforms


Traveloka said to be raising $400m in GIC-led round, doubling valuation to $4.1b

Traveloka is said to use proceeds from the latest round to expand beyond airline tickets and hotel bookings to activities such as concerts and amusement parks.