By Ardi Wirdana
Investree expects to close the Series B funding round in 2-3 months. Existing investors Kejora and Persada are set to participate in the latest round.
Indonesia is considered one of the world’s top emitters of greenhouse gases, particularly due to its regular devastating forest fires.
The tax exemption will only apply to venture capitals that have registered with the country’s Financial Services Authority (OJK).
The company’s shares will be priced at a range between Rp 375-Rp 450 per share.
East Ventures has had a busy month with deals in retail tech startup Warung Pintar and NZ-based exascale computing firm Nyriad.
Bukalapak co-founder & CFO Rasyid says the company remains open to both an IPO and private financing to fund growth.
The country currently has four unicorns – Go-Jek, travel site Traveloka, and market places Bukalapak and Tokopedia.
Indonesia’s Energy and Mineral Resources Ministry will seek bids for as many as 40 oil and gas blocks this week.
The strategic deal will in turn see KLN obtain 99.9% of shares in KMK subsidiary Liputan Enam Dot Com.
The subsidiary, PT Asuransi Adira Dinamika, has drawn interest from European and Japanese insurers.