By Harry Suhartono
Indonesia has had more IPOs this year than any other country in Southeast Asia, with Malaysia a distant second. And some 24 other companies are planning to list their shares before the end of December.
PAYFAZZ is likely to secure the funding from Insignia Ventures Partners and DST Global, the Yuri Milner-owned investor in internet companies, as smaller investors, and an undisclosed lead investor.
Go-Jek has launched a new payment feature called PayLater that enables customers wanting to purchase laptops, smartphones and other goods to pay in interest-free instalments for up to a certain limit.
The sale brings Freeport close to ending more than nine years of often fractious negotiations with Indonesia over ownership rights to Grasberg.
The fund plans to invest in 30-40 startups over the next four years with check sizes ranging from $200,000 – $500,000.
Zurich Insurance is acquiring 80% stake in the Indonesian insurer from PT Bank Danamon and a minority investor.
Go-Jek co-founder Kevin Aluwi discusses an array of milestones in the Indonesian firm’s journey.
Go-Ventures was earlier reported to have backed media startup Kumparan.
So far this year, Fenox has made three investments in Indonesia, the latest being its follow-on contribution in the recently announced $24-million Series B funding round raised by point-of-sale app operator Moka.
By rolling out a cloud computing business in Southeast Asia’s largest market, Amazon will go head to head with its global rival Alibaba whose cloud computing arm, Alibaba Cloud, launched a data centre in Indonesia in March.