Tokopedia said to acquire double-digit stake in payment startup OVO


OVO had earlier secured an undisclosed investment from Grab in return for a stake.

Six foreign-controlled miners in Indonesia to divest shares to meet regulations

The six companies include Vale Indonesia and gold miner Nusa Hamahera Mineral, 75% controlled by Newcrest Mining.

Indonesian fintech authority sets new rules for lending platforms

OJK says it is processing the registration of 145 lending platforms, while the number of players that have already registered is 99 in total.

Indonesia’s Lippo sees no “more hiccups” in $18b township project after fundraising

The Meikarta project, touted as the “Shenzhen of Indonesia”, will be completed before its deadline, said John Riady, the newly appointed CEO of PT Lippo Karawaci.

Indonesia’s Lippo Karawaci bags $1b funding, appoints new leadership

The funding comprises $730 million raised from a rights issue underwritten by the Riady family.

Lack of country-specific expertise a gap in SE Asia’s VC ecosystem, says Intudo’s Chan

Intudo, which recently closed its second fund at $50 million, started out with an “Indonesia-focused” thesis before further streamlining its thesis to “Indonesia-only”.

Southeast Asian VC Maloekoe Ventures eyes $100m corpus for next fund

LPs in its current fund include the family offices of Ciputra Group and the Philippines’ Ayala Corp.

Tyre maker Michelin buys 88% in Indonesia’s Multistrada for $480m

The move strengthens its presence in a fast-growing Asian market.

SE Asia-focused ATM Capital invests in Indonesia insurtech startup Lifepal

The Lifepal transaction comes on the heels of ATM Capital’s investment in Indonesian freight marketplace Andalin along with Access VC.

TPG-backed PE firm Northstar Group said to partially exit GOJEK stake

With the partial divestment, Northstar is learnt to have already returned its fourth fund to its LPs.