Falcon Edge ups stake in Indonesia’s B2B e-commerce platform GudangAda

Falcon Edge Capital has acquired more shares in the Indonesian B2B tech firm GudangAda through secondary transactions worth an estimated $17.6 million.

Global investment manager Falcon Edge Capital has increased its stake in Indonesian B2B e-commerce firm GudangAda through a series of secondary transactions, regulatory filings show.

Falcon Edge had co-led an over $100 million Series B round for GudangAda, along with growth equity firm Asia Partners, in July this year.

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