GDP Venture co-leads $12m Series A funding for AI startup Element Inc


Element is working to develop and distribute a mobile-based, software-only platform for biometric identity.

Indonesia’s Kresna Graha Investama to invest in Singapore’s MatchMove Pay

In November 2017, Kresna and its portfolio firm M Cash Integrasi picked a combined 29.82% stake in MatchMove’s Indonesia operations.

Indonesia’s newest unicorn Bukalapak now wants to take on the big boys

Bukalapak has set up an M&A team to identify startups that will help it serve 10 million people by 2025.

People Digest: Singapore’s Gaylin, Indonesia’s Kaskus appoint new CEOs

Singapore rigging and lifting solutions company Gaylin Holdings has announced the appointment of Perry Kennedy as its new CEO.

Allianz confirms $35m investment in Indonesia’s Go-Jek

The investment from Allianz was part of Go-Jek’s $1.5-billion funding round raised from a dozen investors including BlackRock and Google at a $5-billion valuation.

Indonesia’s billionaire Hartono brothers chase tower assets as internet users swell

Internet users in Indonesia will rise to 70% of the population by 2019 from 55% in 2017.

Mandiri Capital Indonesia looks beyond home ground to fund startups

It is now looking to source startups outside Indonesia, with Singapore the most likely target.

Indonesian lender BRISyariah seeks to raise up to $119 million in IPO

The public offering will see the lender sell as many as 2.62 billion shares, equivalent to a 27 per cent stake.

Indonesia Digest: Logistics firm Inprase’s IPO; OJK okays MUFG-Danamon deal

Indah Prakasa Sentosa has announced that it expects to raise $3 million from an IPO.

Indonesia directs ride apps Grab, Go-Jek to register as transportation company

The move will see Indonesia go back on its 2016 policy which required ride apps to work with a rental car cooperative.