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Indonesia likely to see next unicorn emerge from education sector


The country currently has four unicorns – Go-Jek, travel site Traveloka, and market places Bukalapak and Tokopedia.

Indonesia to woo oil and gas majors via Europe, US roadshows

Indonesia’s Energy and Mineral Resources Ministry will seek bids for as many as 40 oil and gas blocks this week.

Emtek’s KMK to acquire majority stake in digital media firm KLN

The strategic deal will in turn see KLN obtain 99.9% of shares in KMK subsidiary Liputan Enam Dot Com.

Indonesia’s Bank Danamon fields interest from suitors for insurance unit

The subsidiary, PT Asuransi Adira Dinamika, has drawn interest from European and Japanese insurers.

Indonesia investment platform Bareksa targets to close second funding round this year

Four investors, two local and two foreign companies, have expressed interest in participating in the round.

Go-Jek confirms $150m investment by Astra, ‘substantial’ funding by GDN

The investments are part of the firm’s latest $1.2-billion funding round.

East Ventures backs $4m seed round in Indonesian retail tech startup Warung Pintar

The funds will be used to turn its smart kiosk prototype into a mass product.

Indonesia Dealbook: Sri Rejeki Isman buys two firms, XL Axiata partners with Sleekr

Garment manufacturer Sri Rejeki Isman has acquired two textile companies for $84.99 million.

Indonesian lender BRI Agro sets aside $70m to acquire two smaller banks

Parent firm Bank Rakyat Indonesia has directed BRI Agro to carry out the acquisitions.

Indonesia: VC-backed Rework merges with local rival GoWork

The merged enterprise will have over 3,500 sq m of space operating across five locations in Jakarta’s central business district