By Cindy Silviana
In February, Indonesia became the first Asian country to sell “green” bonds internationally in a $1.25 billion deal.
Focused on Indonesia currently, the VC firm plans to make inroads into the rest of SE Asia soon.
HSBC Private Banking has named Benedikt Maissen as its Market Head for Indonesia. He will be responsible for business development and client engagement.
UangTeman’s new CTOO and former Silicon Valley professional Sukan Makmuri has previously held executive positions in O2O startup Kudo and online portal Kaskus.
Minister of Communications and Information Rudiantara said the fund, which would be pooled from Indonesian conglomerates, was supported by his ministry, with its structure currently being discussed with the country’s financial regulators (OJK).
DealStreetAsia had first reported last year that Alpha JWC was planning to start raising a nearly $100-million fund, following the final close of its first $50-million fund.
The company has already raised 800 billion rupiah in convertible bonds, which will be converted to shares upon listing.
It is operated by venture-backed Toutiao, valued at more than $30 billion, that is one of China’s fastest-growing tech start-ups.
The investment will accelerate Montir’s aim to become a leading one-stop solution for automotive servicing needs.
The Go-Jek founder and CEO talks SE Asia expansion plans, rivalry with Grab, Uber’s exit and IPO plans.