GIC invests in Indonesia’s SiCepat Ekspres via Kejora continuation fund

GIC invests in Indonesia’s SiCepat Ekspres via Kejora continuation fund

REUTERS/Anshuman Daga

Singapore’s sovereign wealth fund GIC has become a shareholder in Indonesia’s last-mile delivery startup SiCepat Ekspres through Kejora Capital’s continuation fund in which it is the sole limited partner, sources told DealStreetAsia.

Kejora Capital is understood to have closed its over $150 million continuation fund with a single limited partner – GIC – recently. The fund has bought secondary shares of the venture capital’s existing investors.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter