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Go-Jek said to seek valuation of $9-10b with latest funding round

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Go-Jek is in talks to raise at least $2 billion to accelerate its overseas expansion.

Indonesian B2B marketplace Ralali bags $7m fresh funding led by SBI, Addventures, Digital Garage

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 »


SG’s Ascott injects $26m into Indonesia’s TAUZIA for 70% stake

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.


Indonesia-focused Indies Capital closes second private credit fund at $145m

Last year, Indies formed a strategic alliance with Värde Partners to co-invest in private credit opportunities in Indonesia.


East Ventures leads pre-Series A round for loyalty service startup Member.id

The round was joined by Taiwan-based VC firm Ace Capital and a few undisclosed angel investors.


Go-Jek said to be in talks to raise at least $2b in fresh funding

Go-Jek is building up its arsenal to expand in Southeast Asia and fight Singapore-based rival Grab.


Exclusive: East Ventures, Agaeti invest in Indonesian solar startup Xurya

Xurya is engaged in sourcing, developing, operating, and maintaining distributed solar projects.


Indonesia’s mPOS startup Moka raises $24m Series B led by Sequoia India

Existing investors Mandiri Capital, Convergence, and Fenox also participated in the round.


Indonesia’s Salim Group signs JV with Singapore’s Keppel to develop data center

The data center services market is rapidly growing in Indonesia, driven by data onshoring regulations and increased smartphone adoption.


Japan’s GREE Ventures eyes up to 3 lead investments in Indonesia by year-end

The VC has co-launched an accelerator, SKALA, to source the next promising startups.