By Ardi Wirdana
Latitude Venture Partners is the newly-formed VC arm of Indonesian conglomerate Sinar Mas.
Merdeka is an Indonesian gold mining company which developed and now operates the Tujuh Bukit oxide heap leach project in East Java.
Unlike Go-Jek, the Singapore company doesn’t have a coveted e-money license issued by the central bank. Grab now partners with OVO, Indonesian conglomerate Lippo Group’s e-wallet, meaning it must cede some control over user experience and technology.
Other investors in the round include Indonesia’s Intudo Ventures and a number of strategic angel investors.
Indonesian logistics startup Paket Delivery (Pakde) has secured $400,000 in seed funding from local venture capital firm TNKapital.
DIVA’s IPO will make it the fifth tech startup to list at the IDX and potentially also the biggest, should it manage to reach its $52-million target.
The funding round was joined by Sequoia India, Blue Sky and Qiming Venture Partners.
With a focus on early-stage investments, Teja Ventures will look to invest at pre-Series A and Series A stages and cutting check sizes between $100,000 and $1 million.
The summons of one of the country’s most powerful executives follows the arrests this month of nine people in connection with the investigation involving a $21 billion construction project.
For Ideosource, its investment in films comes after the full deployment of its $15-million tech fund, through which it invested in 27 early-stage tech startups, including aCommerce, Orori, e-Fishery, and Bhinneka.