By Thomas Kutty Abraham
Bukalapak CEO drew the ire of Jokowi’s supporters for a Twitter post that said the government was spending too little on R&D, and suggested that a new president might do a better job of beefing up the budget.
The additional capital from new investors would take the total haul from the current round to around $3 billion.
Vivendi planned to eventually buy a 50 per cent stake in PT MNC Vision Networks worth up to $500 million.
Prior to the acquisition, which took place late last year, Bibit was an OJK-licensed tech-based mutual fund seller.
LPs in the fund include US-based family office of former Walgreens CEO Greg Wasson, Founders Fund and Japan’s World Innovation Lab.
The company raised over Rp 630 billion ($45 million) in its November 2018 IPO and followed it up with a 30% stake in startup Pawoon.
The latest funding will help the company further expand into key Indonesian cities, launch new verticals, enhance sales and marketing efforts, and hire new staff.
Qlue CEO Rama Raditya said the funding from MDI was “mostly strategic” and will be used to hire talent in the field of artificial intelligence.
Resume Ranks, which has raised $500k from angel investors, is planning to launch in parts of the US, Indonesia, Thailand and Singapore in the second quarter of 2019.
The stock has doubled in a month on deal speculation. Citigroup Inc. says a merger would make no sense for Indonesia’s PT Indosat.