By Antonia Timmerman
The company plans to acquire distributor firms in neighbouring countries such as Singapore, Thailand and Vietnam.
This marks K2 Venture Capital and Draper Associates’ first foray into Indonesia
JT Group will also take over the companies’ debt of $323 million
Emtek also invested in Ice House Holdings Pte Ltd in the first half.
Star Energy is now one of the premium-valued energy companies in the region.
Indonesia, a former OPEC member, is seeking to reverse a decline in energy investments.
Negotiations are currently in the final stages and an announcement is expected in the coming weeks.
The move will now save the company from a total collapse.
It’d join Alibaba and JD.com with its foray into the archipelago’s e-commerce market.
VC funding activity in the Indonesian startup market slowed in the first half of 2017, many local VCs observed, noting a ‘significant’ decrement in the number of investable startups, during a panel discussion that was hosted by East Ventures, an early-stage investment firm, that was part of the recently announced $500 million… Read more »