By Ardi Wirdana
Sale Stock itself is currently looking at a couple of acquisition opportunities, its president Jeffrey Yuwono said.
Earlier stage startups are finding it hard to grow in Indonesia as 60-70% of investments are going to mature companies.
With competition in the financial services space heating up in Southeast Asia, companies that control the most data and better understand consumer behaviour will have an advantage over others, Li said.
The startup had planned to raise much less but higher investor demand led to a bigger round.
SE Asia can also tap into the clean food space by exploring opportunities in agritech.
In India, LPs’ journey from notebook to cheque book won’t happen in a hurry: Hajarnavis, Sealink CapitalBy Ishita Russell
Founded by former Goldman Sachs and KKR executive Heramb Hajarnavis, SeaLink Capital recently closed its maiden fund at $315m.
The firm set up a JV last year with Temasek to scout for infrastructure deals.
In India’s largest clean energy deal, ReNew Power Ventures acquired Ostro from Actis in a deal valued at $1.5 billion.
It is now looking to source startups outside Indonesia, with Singapore the most likely target.
“Out of the $24 billion that came into India last year, almost two-thirds went into secondary deals.”