Indonesia Digest: pivots; Sikumis snags follow-on

Jakarta, Indonesia. Photo: Gede Suhendra/unsplash

Lippo-controlled e-commerce company has announced that it will merge with the site of its shareholder and fashion retailer Matahari Department Store (MDS), while agritech startup Sikumis revealed that it has raised an undisclosed amount of strategic follow-on investment from Metralog, the logistics subsidiary of Indonesian state-owned telco firm Telkom Group.

Lippo’s rebrands to focus on fashion

Lippo-controlled e-commerce company has pivoted into a fashion-focused platform by merging with the site of fashion retailer Matahari Department Store (MDS), under the new brand

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