Indonesia’s Astra International partners with Plug & Play to mentor 5 startups


The startups operate in automotive and financial services-related sectors.

Indonesia: Telkom sets aside $2b for capex, eyes 10 potential M&A deals

The firm is eyeing fintech, e-commerce, and ICT startups locally and globally.

Indonesia: Agung Podomoro finalising asset sale to Thai-listed REIT

Agung Podomoro is expected to close the sale of its Pullman Hotel asset this month.

AirAsia reiterates IPO plans for Indonesia unit, appoints new independent commissioner

Indonesia AirAsia also named Indonesian actress Raline Shah as its independent commissioner in preparation for its listing.

General Atlantic names ex-Indonesia ambassador John A Prasetio as special advisor

Prasetio’s new role is to support the firm’s strategic initiatives in Southeast Asia.

Indonesia: Go-Jek acquires events & ticketing firm LOKÉT

Loket is backed by East Ventures and Sovereign’s Capital.

Exclusive: Logistics startup aCommerce plans to raise over $30m Series B in Q4

aCommerce is in discussions with 2-3 private equity (PE) players to raise funding.

Indonesian lender BNI mulls setting up VC arm, investing in fintech

BNI would join a lineup of banks who have launched or are planning to acquire VC entities.

Indonesia: Selamat Sempurna readies $22m for SEA expansion & acquisitions

The company plans to acquire distributor firms in neighbouring countries such as Singapore, Thailand and Vietnam.

Indonesia: K2 VC leads $12m Series A in UangTeman; STI & Draper join round

This marks K2 Venture Capital and Draper Associates’ first foray into Indonesia