By Fathiya Dahrul
The company joins snack producer GarudaFood and toilet brand Toto’s local distributor in planning to raise funds in the equity market.
Existing backer Golden Gate Ventures and Feng He also participated in the round.
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.
MUFG intends to buy Danamon shares worth around $1.75 billion from Singapore state investor Temasek Holdings.
Bank Danamon did not name the party from whom it received the expression of interest.
StickEarn connects drivers and brands for effective on-vehicle advertising.
The tax app provider plans to use the funds to strengthen its technological expertise.
Nusa Indah is targeted to go public in 2019, while PSS has begun the process of its initial offering.
It had raised $2.5 million in 2016 from Golden Gate Ventures, 500 Startups and Lim Dershing.
Industry observers estimate the value of the deal at over $100 million.