Dentsu Aegis buys Indonesian digital marketing firm Valuklik; East Ventures exits

East Ventures has struck its third exit this year with the sale of its interest in Jakarta-based digital marketing firm Valuklik to Dentsu Aegis Network for an undisclosed sum.

Prior to this deal, East Ventures has exited Kudo to Grab and Loket to Go-Jek. Another shareholder, John Marco Rasjid, also divested his shares in Valuklik in the same round.

After the acquisition, Dentsu Aegis Network will merge Valuklik with iProspect and rebrand it as iProspect Valuklik. Its subsidiary, Pinnacle, a specialized unit for analytics and one of the largest Google Analytics Sales & solutions partner in Indonesia, will also be rebranded as iProspect Pinnacle.

Established in 2012, Valuklik, established in 2012, focuses on delivering data-driven performance marketing solution, large-scale enterprise level SEO, digital transformation, data and analytics. It has over 55 professionals and serves clients in various sectors including travel, telecom, media, e-commerce and insurance.

“The acquisition of Valuklik will enable iProspect to deliver truly transformative business outcomes for brands in one of the most disruptive markets in Southeast Asia. This acquisition is critical in establishing our position in Indonesia and we have found the optimal partner in Cleo, Rahul and their team,” said Joanna Catalano, CEO of iProspect Asia Pacific.

The deal is subject to regulatory approvals and is anticipated to close by February 2018, according to the company’s statement.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.