By Ardi Wirdana
Others who joined the round were Insignia Ventures Partners, Fenox Venture Capital, IndoGen Capital and Stellar Capital.
BRI is planning to raise its stake in Bahana Artha Ventura to a majority control of around 65%.
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.
This merger of Sleekr and Talent will create the largest provider of modern HR solutions in Indonesia, Sleekr CEO said in a blog post.
A lack of traction over companies’ business models are hindering the growth of sharia fintech players in Indonesia.
BDSN owns Asahan 1, a 180 MW run-of-river hydroelectric power plant located in Indonesia’s North Sumatera province.
Sale Stock itself is currently looking at a couple of acquisition opportunities, its president Jeffrey Yuwono said.
ExxonMobil plans to buy 100% of FKT, including the Federal Oil brand.
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.
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.