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EV Growth scales up fund target to over $200m on huge investor appetite


The fund could end up raising as much as $250 million.

Grab Indonesia bets on hyperlocal strategy with strong customer focus to lead market share

In a heated race to become Southeast Asia’s super-app, Grab Indonesia managing director Ridzki Kramadibrata said the startup is “on good track” towards achieving that goal.

Logistics a challenge but payment is the stopper in e-commerce growth, says Bukalapak’s Rasyid

“One really important point regarding the growth of the market is the ‘payment’. Payment is the stopper. Logistics is a challenge but it’s not a stopper,” according to Bukalapak co-founder.

Indonesia’s Fore Coffee raises $8.5m Series A from East Ventures, others

The investment comes just four months after Fore Coffee’s undisclosed amount of seed funding raised from East Ventures.

Indonesia only scratching the surface in fintech, market remains fragmented

In the long term, it will create opportunities for consolidation as well as the growth of new niches, investors and founders shared during DEALSTREETASIA’s Indonesia PE-VC Summit 2019 recently.

Indonesia Digest: Traveloka opens R&D centre; Salim Group forays into eSports

Traveloka has followed the lead of fellow Indonesian unicorn Go-Jek, which set up its engineering facility in India back in 2016.

Indonesia’s Medco to buy Britain’s Ophir Energy for $511m

The deal comes after Ophir rejected Medco’s $437 million potential buyout offer earlier this month, saying it undervalued the company.

MDI Ventures eyeing three more exits this year, says CEO Nicko Widjaja

MDI’s first exit came in late 2017 when Japanese adtech startup Geniee listed on the Tokyo Stock Exchange. This was followed by a trade exit of another international portfolio firm last year.

New consumption is the investment theme in 2019, says East Ventures’ Cuaca

Cuaca said there are ample opportunities available over and above the innovation that has already taken place in Indonesia in terms of digital infrastructure, payments and delivery.

Exclusive: Sovereign’s Capital seeking $60m for US, SE Asia-focused fund

Sovereign’s Capital typically makes growth-stage investments in consumer SaaS, B2B tech, healthcare IT, and medical device startups with $500,000 to $10 million in revenue.