Indonesia’s Sociolla raises $12m in fresh funding led by EV Growth


The investment in Sociolla is EV Growth’s first publicly announced funding since its official launch in March this year.

Indonesia’s April Group in talks to acquire Brazil’s Lwarcel

Lwarcel has one pulp-producing unit in the state of Sao Paulo with 250,000 annual tonnes in capacity, and the expected value of the deal is around 2 billion reais ($586 million).

PayPal partners with Indonesia’s Alpha JWC to back fintech startups

Alpha JWC will contribute as much as $5 million in funding for PayPal Incubator. After being selected by PayPal and Alpha JWC senior executives in Singapore and San Jose, startups will receive coaching and mentoring from PayPal executives.

KinerjaPay to acquire data centre firm Kinerja Indonesia

The company says it will be looking to enter the cloud computing services business with its very own KinerjaCloud.

China tech giants bet on untangling logistics of Indonesian e-commerce

Chinese tech firms, including Lazada’s top investor, Alibaba Group Holding, have poured at least $6 billion into nearly every aspect of Indonesian e-commerce.

Indonesia set to issue stricter regulations for fintech sector

The Financial Services Authority, known as OJK, plans to issue new rules by June that will compel fintech firms to be registered with authorities. Unregistered companies won’t be allowed to tap financial markets or raise money from banks.

Indonesia: Skystar-backed P2P lender Julo raises $5m Series A round

The Skystar and East Ventures-led round was joined by Gobi Partners, Convergence Ventures, Provident Capital and Central Capital Ventura.

Exclusive: Go-Jek said to have entered VC space with Go-Ventures

Former NSI Ventures senior investment associate Aditya Kumar and former Northstar Group associate Jonathan Barki are said to be among those that have been appointed to lead the business.

Freeport Indonesia divestment still targeted for this year, says Inalum

Inalum, which is arranging funding for the deal, already has a “committed” loan for the transaction with Freeport and Rio Tinto for the majority stake in Grasberg.

Indonesia’s MNC Studios seeks to raise up to $71m via IPO

MNC Studios, a unit of media conglomerate Media Nusantara Citra, plans to sell around 29.98 per cent of its stake.