Elixir Capital to invest in Indonesia based SMEs

Visual from company website

Global private equity firm Elixir Capital, based in Silicon Valley, California, has announced an agreement to invest $4.5 million in Bintang Makmur, a small medium enterprise (SME) that is concerned with plastic waste recycling at Solo  (Indonesia)
In early 2014, the firm has launched Elixir’s ECM Straits Fund, which has invested numerous SMEs throughout southern Asia.
The fund has made an investment in  Bintang Makmur, a plastic waste management SME, established 12 years ago. “ Our investment will help the company expand and create 50 new recycle sites in Java and in Bali, bringing market share back into locally-owned hands, and catalysing job growth,” said Amir Azahar, managing director of Elixir Capital and the firm’s regional head, in Southeast Asia.
Recently, Elixir Capital has invested in digital commerce, such as – Annelutfen , Turkey’s leading e-commerce business for baby and mother products; and FashionValet, Southeast Asia’s premier online destination for fashion designs.
In addition to the investment in Indonesia, Arshad Ahmed, partner, Elixir Capital,  said that the firm will support potential Indonesian entrepreneurs to change market positively, “This agreement heralds that Elixir Capital stands ready to support them and their local ecosystem,” he added.
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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.