By Ardi Wirdana
Element is working to develop and distribute a mobile-based, software-only platform for biometric identity.
In November 2017, Kresna and its portfolio firm M Cash Integrasi picked a combined 29.82% stake in MatchMove’s Indonesia operations.
Bukalapak has set up an M&A team to identify startups that will help it serve 10 million people by 2025.
Singapore rigging and lifting solutions company Gaylin Holdings has announced the appointment of Perry Kennedy as its new CEO.
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.
Internet users in Indonesia will rise to 70% of the population by 2019 from 55% in 2017.
It is now looking to source startups outside Indonesia, with Singapore the most likely target.
The public offering will see the lender sell as many as 2.62 billion shares, equivalent to a 27 per cent stake.
Indah Prakasa Sentosa has announced that it expects to raise $3 million from an IPO.
The move will see Indonesia go back on its 2016 policy which required ride apps to work with a rental car cooperative.