Indies Capital to focus on deploying second private credit fund this year


The PE firm’s second private credit fund was closed at $145 million in September 2018.

SEA Digest: AirAsia withdraws listings from Traveloka; UBP bags SG license

AirAsia said it decision was based on an unexplained disappearance of its listings from Traveloka for the second time in the past two weeks.

Bank Mandiri said to be working on $2.2b takeover of StanChart-backed Permata

StanChart recently said its Permata investment is no longer considered core.

Indonesia-focused Indies Capital set to make second close of $65m tech fund

The tech fund was launched last November and had made its first close a month after the launch.

Indonesian capsule hotel startup Bobobox snags pre-Series A from Alpha JWC, others

The fresh capital will be used to expand its operations by opening up more flagship hotels in new cities.

Indonesian used phone e-tailer Laku6 said to raise $5m funding

The startup has previously raised capital from Golden Gate Ventures, Convergence Ventures, Skystar Capital and Rocket Internet. 

Indonesian social network The Shonet raises seed round from Maloekoe Ventures

The funding will be used to invest in core technology infrastructure, marketing, and team growth.

Indonesia: Grab seals partnership with Sinar Mas Land, launches innovation lab

Grab will also establish a Grab Innovation and Engineering Lab as the R&D centre in BSD City, which is being developed as Indonesia’s Silicon Valley.

GOJEK secures $100m investment from Astra International, inks joint venture

Astra had invested $150 million in GOJEK’s Series E round last year. 

GOJEK-backed Indonesian healthcare platform Halodoc raises $65m led by UOB unit

The Series B funding round closed more than two years after the startup raised $13 million in Series A.