By Ishita Russell
Earlier this week, 3one4 Capital reached the first close of its opportunities fund at $21 million.
TRIVE, which is looking at considering a new $37.1-million deep-tech focused fund in 2019, will actively chase investments where there is a direct buyer in the market.
The CVC fund will focus on investments in the travel and lifestyle sectors.
“One really important point regarding the growth of the market is the ‘payment’. Payment is the stopper. Logistics is a challenge but it’s not a stopper,” according to Bukalapak co-founder.
MDI’s first exit came in late 2017 when Japanese adtech startup Geniee listed on the Tokyo Stock Exchange. This was followed by a trade exit of another international portfolio firm last year.
Apis Partners’ inaugural fund held its final close in March 2017 with a hard cap of $287 million, exceeding its initial target of $250 million.
Cuaca said there are ample opportunities available over and above the innovation that has already taken place in Indonesia in terms of digital infrastructure, payments and delivery.
Capital is crucial but not the only factor that has brought us this far, says Go-Jek co-founder AluwiBy Kristie Neo
Go-Jek for the most part of its history was the undercapitalised player, he said.
Grab’s acquisition of Kudo will be a positive reference for startups and investors as far as consolidation is concerned, Nugroho said.
IIFL India PE Fund is targetting to raise up to Rs 1,500 crore.