Indonesia

French tiremaker Michelin acquires Indonesian peer Multistrada for $439m

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Michelin will initially acquire 80% of Jakarta-based Multistrada and launch a tender offer to buy the remaining shares in the Salim Group unit.

Europe-based VC Finch Capital targets up to 4 deals in Indonesia this year

The firm has backed Indonesian startups Cermati, Ayopop, TADA, and Jojonomic.


Niche funds, active angels needed to boost Indonesian startup ecosystem: DSA Summit

Towards making an evolved ecosystem, there is a need for the various types and classes of investors to come together and collaborate more.


Indonesia’s Bukalapak launches local R&D center, bike sharing service

Bukalapak has partnered with the Bandung Institute of Technology (ITB) to launch a new bike-sharing service called BukaBike.


Grab appoints new managing director for Indonesia

Grab has announced the appointment of Neneng Goenadi as the managing director for Grab Indonesia.


Indonesia’s corporate VCs eye fintech, new retail, proptech as favourite themes: DSA Summit

Fintech is a sector that corporate VCs are most bullish about given the opportunities Indonesia’s financial service sector presents.


Indonesia’s Mandiri Capital seeks to raise up to $100m for new venture fund

Unlike its previous fund, which was derived fully from the balance sheet of Bank Mandiri, the new fund will be mostly raised from external LPs.


Go-Jek raises over $1b in first close of Series F round

The latest financing secured from investors including Google, JD.com, Tencent and Mitsubishi values the company at nearly $10 billion.


Localisation holds key to consumer-centric themes in Indonesia

Localisation is critical for the growth of consumer-oriented sectors in Indonesia, where each city presents a different set of opportunities and challenges, according to panelists at DEALSTREETASIA’s PE-VC Summit 2019 in Jakarta.


EV Growth scales up fund target to over $200m on huge investor appetite

The fund could end up raising as much as $250 million.