DSA Summit: Valuations are down and it is back to business fundamentals in Indonesia


Valuations had been “unrealistic” at the beginning of Indonesia’s digital startup boom

Indonesia’s GMF AeroAsia raises $95m in IPO, far less than planned

GMF AeroAsia had intended to garner as much as 5.55 trillion rupiah in the initial public offering (IPO).

Exclusive: Bangladesh bike app Pathao to close series A, Go-Jek likely investor?

Pathao – also dubbed as the Go-Jek of Bangladesh –  is looking at raising less than $5 million

Lazada expands Alibaba’s Taobao marketplace in SE Asia

Taobao Collection will be offered in Indonesia, the Philippines and Thailand in the next few weeks through Lazada’s platform

Not enough capital goes to fintech in Indonesia: Alpha JWC Ventures’ Jefrey Joe

The $50 million VC fund is planning to raise its second fund within the next one or two years.

East Ventures launches Indonesia-focussed $30m early stage fund

East Ventures, among the most active tech investors, is a shareholder in three out of five unicorns in SE Asia.

Keppel Land acquires $45m land plot from Indonesia’s BCA

The plot is located next to the International Financial Centre Jakarta, another tower owned by Keppel Land.

ADB launches $1.1b funding support for Indonesia energy programme

The funding will be a $500 million policy-based loan, and a $600 million results-based loan to the State Electricity Corp.

Indonesia: Co-working chain EV Hive raises $3.5m in Insignia Ventures-led pre-Series A

Intudo, Pandu Sjahrir & East Ventures also joined the round.

Indonesia Digest: Sinarmas moves $107m asset from SG; Waskita defers selloff plan

Sinarmas Group has moved a property asset worth $107 million (Rp 1.4 trillion) from Singapore to Indonesia, according to a filing on Monday. Meanwhile, state-owned infrastructure firm Waskita Karya has postponed its plan to divest 10 of its toll operator subsidiaries due to “lack of offers that matched with the… Read more »