Indonesian media giant Emtek invests $4m in Qareer Group Asia

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Singapore-headquartered Qareer Group Asia is the company behind two more widely known job listing portals Qerja and Jobs.id.

Lippo’s Venturra Capital makes 3 seed-stage investments from new fund

Venturra Capital announced the launch of its $15-million new fund in September.


Garuda Indonesia to take over operations of rival Sriwijaya Group

The move will give the airlines a majority share of the fast-growing domestic aviation market.


Indonesia Digest: Kaskus backs law startup; Foody ends local operations

Indonesia’s largest community online portal Kaskus has backed digital law startup KontrakHukum.com while Vietnamese gourmet media firm Foody has reportedly stopped its operations in Indonesia as of October 2018.


Indonesian IoT startup eFishery raises $4m Series A from Wavemaker, others

eFishery is an internet of things (IoT) startup for fish and shrimp farming that provides a smart feeding solution to help farmers make informed decisions about their aquaculture ponds.


State-owned Semen Indonesia buys LafargeHolcim unit in $1.75b deal

LafargeHolcim signed an agreement with state-owned Semen Indonesia to divest its 80.6 percent in Holcim Indonesia for an enterprise value of $1.75 billion on a 100 percent basis.


Indonesian fintech AwanTunai bags $4.3m Series A led by Insignia, AMTD

The round was joined by Global Brain, Fenox Venture Capital, and other affiliates.


Indonesia Crunch | What the blockchain wants

Freischlad writes about blockchain, what’s new in Indonesia this week and her recommended reads.


Indonesia Digest: Wallex expansion; UOB Kay Hian buys Passpod stake

After securing its pre-series A round led by BEENEXT, Singapore-based fintech startup Wallex Technologies has announced its entry into Indonesia.


Indonesia’s stock exchange relaxes listing norms to boost trading

The exchange’s “accelerated board” for startups will exempt them from having independent directors or commissioners, or from having their financial statements audited.