MAP Active

Indonesia: CVC-backed sporting goods retailer MAP Active mulls $300m IPO


The company joins snack producer GarudaFood and toilet brand Toto’s local distributor in planning to raise funds in the equity market.

Indonesia: Alodokter closes $9m round led by SoftBank Korea

Existing backer Golden Gate Ventures and Feng He also participated in the round.

World Bank urges Indonesia to ease rules restricting foreign investments

Easier terms for foreign manufacturers and fewer restrictions on ownership in some sectors will attract more funds, Rodrigo Chaves, World Bank country director for Indonesia said.

Indonesia: Regulator confirms Japan’s MUFG eyeing Bank Danamon stake

MUFG intends to buy Danamon shares worth around $1.75 billion from Singapore state investor Temasek Holdings.

Indonesia: Bank Danamon confirms EoI after reports Japan’s MUFG is eyeing 40% stake for $1.8b

Bank Danamon did not name the party from whom it received the expression of interest.

East Ventures makes seed investment in Indonesian advertising startup StickEarn

StickEarn connects drivers and brands for effective on-vehicle advertising.

Exclusive: Indonesia’s OnlinePajak closes $3-5m Series A backed by Alpha JWC, Sequoia

The tax app provider plans to use the funds to strengthen its technological expertise.

Singapore’s IMC Group to list two of its Indonesia units on IDX

Nusa Indah is targeted to go public in 2019, while PSS has begun the process of its initial offering.

Exclusive: Indonesia’s Alodokter said to have closed $7m Series B backed by SoftBank

It had raised $2.5 million in 2016 from Golden Gate Ventures, 500 Startups and Lim Dershing.

Exclusive: Go-Jek eyeing payment gateway Midtrans

Industry observers estimate the value of the deal at over $100 million.