Lack of high-quality startups contributes to Series B crunch, says Latitude Venture Partners’ YC Ng


Latitude Venture Partners is the newly-formed VC arm of Indonesian conglomerate Sinar Mas.

Provident, Saratoga-backed Merdeka buys majority stake in Indonesian gold project

Merdeka is an Indonesian gold mining company which developed and now operates the Tujuh Bukit oxide heap leach project in East Java.

Why Grab may find the going tough in Indonesia

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.

East Ventures leads $1m pre-seed funding for biotech firm Nalagenetics

Other investors in the round include Indonesia’s Intudo Ventures and a number of strategic angel investors.

Indonesia Digest: Pakde nabs seed funding; OVO partners Tokopedia

Indonesian logistics startup Paket Delivery (Pakde) has secured $400,000 in seed funding from local venture capital firm TNKapital.

Digital business accelerator DIVA plans to raise $53m in Indonesia IPO

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.

Southeast Asian fintech firm Akulaku raises $70m in Series C round

The funding round was joined by Sequoia India, Blue Sky and Qiming Venture Partners.

Meet Asia’s new VC seeking to bring gender-lens investing in vogue

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.

Indonesia summons Lippo’s James Riady to assist in bribery probe

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.

Indonesian VC Ideosource seeks to raise $15m fund to invest in local films

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.