Indonesia: DNC injects seed funding into Duniaku.net

Investment vehicle Discovery Nusantara Capital (DNC) continues its game-focussed funding feast in Indonesia, already scoring three deals not long after it launched its $10 million funds late last year. An online news portal for gaming, geek culture, and gadgets Duniaku.net today announced that it has raised a seed funding round from DNC.

The online news startups said it will use the funding to expand its operations, to become the “leading game, geek culture, and gadget media” in Southeast Asia. The portal also aims to support the different subsectors in Indonesia’s gaming industry, from game app development, comic, animation, films and e-sport.

Founded in 2010 as a print magazine, Duniaku.net and its sites will now be operating under PT Inspirasi Dunia Media (IDEA Network). Currently, Duniaku.net boasts 39 million readers each year.

Indonesian game developers have only been able to capture less than five percent of total market value, according to a joint research by Duniaku.net and the Indonesian Creative Economy Agency (BEKRAF).

This is the opportunity that DNC Capital wants to grab. The investment unit, which was formed by China’s Zhexin IT Co, has invested in several Indonesian gaming startups in the past few months. Earlier in March, it invested an undisclosed amount in local e-sports media RevivaLTV (Revival), following an investment into indie game developer studio Toge Productions.

Last year, DNC also invested in Indonesian mobile game developer Touchten, which is known for games such as Target Acquired, Warung Chain: Go Food Express, and Rapstronaut. It participated in a series D funding round for Touchten along with other Chinese investors.

Also Read:

DNC Capital invests in Indonesian e-sports channel RevivaLTV

Indonesia: Game developer Toge Productions gets funding from Zhexin’s DNC

Zhexin’s Indonesian arm launches $10m fund, focusing on local companies

Indonesia’s KataAi rises from the remains of YesBoss, to close series A round soon

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.