By Kristie Neo
Go-Jek is in talks to raise at least $2 billion to accelerate its overseas expansion.
Indonesian online B2B marketplace Ralali said it had raised $7 million in a funding round led by Japan’s SBI Group, Southeast Asian VC Addventures and global incubator Digital Garage, confirming a report by this portal in July. The fresh fund will be used to accelerate Ralali.com’s mission to serve Indonesia’s 30… Read more »
The investment in TAUZIA, one of Indonesia’s top five hotel operators, will add close to 20,000 units spanning 122 hotels across Indonesia, Malaysia and Vietnam to Ascott’s portfolio.
Last year, Indies formed a strategic alliance with Värde Partners to co-invest in private credit opportunities in Indonesia.
The round was joined by Taiwan-based VC firm Ace Capital and a few undisclosed angel investors.
Go-Jek is building up its arsenal to expand in Southeast Asia and fight Singapore-based rival Grab.
Xurya is engaged in sourcing, developing, operating, and maintaining distributed solar projects.
Existing investors Mandiri Capital, Convergence, and Fenox also participated in the round.
The data center services market is rapidly growing in Indonesia, driven by data onshoring regulations and increased smartphone adoption.
The VC has co-launched an accelerator, SKALA, to source the next promising startups.