Indonesia-listed startups NFC, M Cash invest in local digital marketing firm DMS

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The investment sees NFC Indonesia and M Cash Integrasi acquiring 30 per cent and 5 per cent respectively in DMS

Indonesian B2B e-commerce startup Ralali to raise $5-10m Series B in Q3

The company, which connects sellers and buyers looking for deals at wholesale prices, is close to finalising the round.


Indonesia: Lending startup Kredivo raises $30m Series B led by Square Peg

This is the largest funding round raised by an Indonesia-based fintech firm this year.


IFC mulls up to $50m debt financing for Indonesian power project

IFC has proposed to extend a debt financing package of up to $50 million to support the development of a 275 megawatt (MW) combined cycle gas turbine power plant in Riau Province, Sumatera, Indonesia.


Strong VC interest in fintech could spawn Indonesia’s next unicorn, says minister Rudiantara

Indonesia currently has four unicorns in ride-hailing startup Go-Jek, hospitality startup Traveloka and e-commerce companies Tokopedia and Bukalapak.


Indonesia’s Pertamina seeks nod to divest assets to shield from risks

Pertamina wants to divest to help maintain its long-term financial condition, and to avoid risking too much in any one particular asset class.


Goldman loses Indonesia court appeal in Hanson share ownership dispute

A Jakarta court ruled in favor of Tjokrosaputro in November 2017, ordering the U.S firm to return shares and pay $22.07 million in compensation.


Indonesia Crunch | Not as simple as Silicon Valley vs China

It’s tempting to think of the Southeast Asian internet market as a battle between “China” and “Silicon Valley” but the front lines are much fuzzier.


Exclusive: Indonesian B2B e-commerce startup Bizzy raises $8m pre-Series B

Bizzy’s backers include Sinar Mas Digital Ventures, Ardent Capital and Maloekoe Ventures.


Indonesia’s Inalum secures $5.2b financing for Freeport deal

This comes a day after Freeport-McMoRan Inc said it would sell a majority stake in the world’s second-biggest copper mine to the Indonesian state-owned miner via a series of complex deals worth $3.85 billion.