Snapcart bags $3m from Vickers Venture, Wavemaker, SPH Media Fund


The company closed this round after it secured $1.7 million in its pre-series A bridge round in January last year.

Indonesia’s Bukalapak hopes to become profitable by year end: Willix Halim, COO

Bukalapak has not ruled out talking the IPO route to raise capital.

Indonesia: Aavishkaar leads series A round in craft marketplace Qlapa

Existing backer Kapan Lagi Networks also joined the round.

Indonesia: Equity crowdfunding startup Akseleran launches in Jakarta

Indonesia’s first equity crowdfunding platform Akseleran was officially launched in Jakarta on Tuesday. The startup, which introduced its beta version in December, said that it’s targeting early stage companies and small and medium enterprises (SMEs) in their campaigns. Since its beta launch, Akseleran now has 50 applicants operating in various… Read more »

Indonesia’s 2016 PE deals & exits see slowdown; but market still attractive: Bain & Co

Private equity deal value in Indonesia reached $1.6 billion in 2016 through 10 deals, a pullback from 2015’s $2.1 billion, a study by Bain & Co shows. Meanwhile, Indonesia exit value continued to fall from 2013’s record high of $2.2 billion to $257 million. The report revealed that decline in… Read more »

Indonesia dealbook: Bornevia to shut shop, Wujudkan to close March end

Indonesia’s digital customer platform, Bornevia and Indonesia’s crowdfunding platform Wujudkan shut operations due to low traction.

Ride-hailing firms protest new rules in Indonesia even as Singapore allows taxis to introduce surge pricing

In the latest chapter of Indonesia’s online transport industry, the new set of rules that has been introduced by authorities to regulate the sector, has led to protests from the region’s largest ride-hailing companies – Uber, Grab, and Go-Jek – all of who have argued that it will “interfere with… Read more »

Indonesia lender BRI hires Telkom exec to boost fintech, to form VC unit

Utoyo led Telkom’s digital business and VC arm MDI Ventures

Indonesia POS startup Pawoon raises series A from Kejora Ventures

Pawoon’s rivals are MokaPOS, Olsera, Dealpos, and Omega POS Cloud.

Warburg dealmaker spots opportunities on Jakarta roadside

Warburg Pincus’s investment in the first billion-dollar Indonesian tech startup began with an American executive noticing green motorcycle helmets on the roads of Jakarta. Jeffrey Perlman, the buyout firm’s Southeast Asia head, had been traveling regularly to the Indonesian capital to oversee the firm’s joint venture with mall operator PT… Read more »