Indonesia is trying to lure some of the investment relocating to Southeast Asia as businesses look to escape higher tariffs amid the US-China trade wa
Indonesia's Kino Group has acquired distribution company Linanda Consumer India.
The firm was initially planning to raise $30 million for the fund.
Q & A
OVO has already branched out into various other subsectors of fintech through partnerships and acquisitions.
Anchanto has so far raised close to $15 million across different funding rounds.
Indika Capital bought 2.62 million shares, equivalent to a 15 per cent stake in MTU, from Prime Empire Investment.
Yummy Corp is an affiliate of Indonesia’s F&B and entertainment major Ismaya.
The acquisition signals The FIT Company's effort to develop a wellness ecosystem in Indonesia.
The move comes on the heels of an overall $250 million investment in GOJEK.
The proceeds will be used to strengthen the company’s capital as well as its financial structures.
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