By Ed Davies
The country currently has four unicorns – Go-Jek, travel site Traveloka, and market places Bukalapak and Tokopedia.
Indonesia’s Energy and Mineral Resources Ministry will seek bids for as many as 40 oil and gas blocks this week.
The strategic deal will in turn see KLN obtain 99.9% of shares in KMK subsidiary Liputan Enam Dot Com.
The subsidiary, PT Asuransi Adira Dinamika, has drawn interest from European and Japanese insurers.
Four investors, two local and two foreign companies, have expressed interest in participating in the round.
The investments are part of the firm’s latest $1.2-billion funding round.
The funds will be used to turn its smart kiosk prototype into a mass product.
Garment manufacturer Sri Rejeki Isman has acquired two textile companies for $84.99 million.
Parent firm Bank Rakyat Indonesia has directed BRI Agro to carry out the acquisitions.
The merged enterprise will have over 3,500 sq m of space operating across five locations in Jakarta’s central business district