Indonesia’s Travelio secures $4m Series A round led by Vynn Capital


Others who joined the round were Insignia Ventures Partners, Fenox Venture Capital, IndoGen Capital and Stellar Capital.

Indonesian state lender BRI to raise holding in VC firm Bahana Artha Ventura

BRI is planning to raise its stake in Bahana Artha Ventura to a majority control of around 65%.

Beenext-backed Indonesian P2P lender Amartha targets to raise Series B round by June

A source familiar with the development said that the figure is likely to be around the $10-million mark and will be a combination of debt and equity.

Indonesian HR software startup Sleekr acquires competitor Talenta

This merger of Sleekr and Talent will create the largest provider of modern HR solutions in Indonesia, Sleekr CEO said in a blog post.

Sharia fintech in Indonesia seeing early boom, but VCs need convincing

A lack of traction over companies’ business models are hindering the growth of sharia fintech players in Indonesia.

IFC may extend $320m loan to Indonesian power producer Bajradaya Sentranusa

BDSN owns Asahan 1, a 180 MW run-of-river hydroelectric power plant located in Indonesia’s North Sumatera province.

Indonesian e-commerce market ripe for consolidation, say Sale Stock top execs

Sale Stock itself is currently looking at a couple of acquisition opportunities, its president Jeffrey Yuwono said.

ExxonMobil to buy Indonesian lubricant firm Federal in $436m deal

ExxonMobil plans to buy 100% of FKT, including the Federal Oil brand.

IFC mulls up to $100m debt financing for Indonesia’s Surya Semesta Internusa

Indonesian conglomerate Surya Semesta Internusa is seeking financing for the development of a new 2,000-hectare industrial estate in Subang. Phase one of the project alone is estimated to cost $262 million.

Indonesia Digest: Go-Jek to enter content biz; Mecapan raises $77k

Go-Jek, which has already expanded into food and grocery deliveries, payments and on-demand services such as home cleaning, is now set to enter the online content business.