By Shiwen Yap
The decision has been reportedly taken to protect the sovereignty of the Indonesian rupiah, the country’s fiat currency.
The country is asking 118 companies to embrace new sources of fundraising starting next year.
Gunung Sewu is an LP in Indonesia-focused VC firms Alpha JWC Ventures and Convergence Ventures.
Kulina was recently named among the four Southeast Asian startups selected for Google’s Launchpad Accelerator programme.
Finch Capital, an early-stage fintech VC firm with a focus on Europe and Southeast Asia, has led a Series A funding round of an undisclosed amount in Indonesian mobile bill payment startup Ayopop.com. A representative of Finch Capital will join Ayopop’s board upon investment. The VC firm was earlier known… Read more »
The Malaysian firm is the largest VSAT satellite operator in the country, serving corporate clients
When Blibli acquired Tiket, both agreed that it would continue operating their own brands upon acquisition
Go-Jek is learnt to have invested around $2 million in Pathao’s Series A round.
Indonesian state-lender Bank Rakyat Indonesia (BRI) has completed the acquisition of 35 per cent stakes in venture capital firm Bahana Artha Ventura (BAV), a subsidiary of state-owned Bahana Pembinaan Usaha Indonesia (BPUI). According to a filing to the Indonesian Stock Exchange, Bank Rakyat Indonesia paid IDR 71.32 billion (US$5.28 million) for… Read more »
TemanJalan had raised seed funding from Golden Gate Ventures and an angel investor back in August 2016.