By Antonia Timmerman
DanaDidik was one of the nine startups that recently graduated from Plug n Play Indonesia’s acceleration program.
The funding was led by Michael & Susan Dell Foundation to expand its School Transformation Program.
Asia Digest: ADB okays debt financing RE projects; IIX, PTI Australia ink impact investing agreement for women-focused enterprises.
The fund surpassed its $1.5 billion target and hit its $2 billion hard cap.
The funding is through a combination of debt and equity.
Incofin has invested through its latest fund, AGRIF, which focuses on agricultural and financial services businesses.
Agrex CEO Sameer Mehra owns 45% in the firm while the balance is held by Nexus India and Capricorn Investment Group.
Asia Impact Investment Fund I is a JV between UOB Venture Management and Singapore branch of Credit Suisse AG.
The fund plans to invest a total of $3 million into the Singapore-based energy firm
The funding will be a $500 million policy-based loan, and a $600 million results-based loan to the State Electricity Corp.