Indonesia
Indonesia’s Kopi Kenangan hits unicorn status with $96M Series C fundraise
Kopi Kenangan has raised $96 million in the first closing of a Series C funding, giving the company a valuation of more than $1 billion. The oversubscribed Series C round was led by Tybourne Capital Management, with participation from existing investors including Horizons Ventures, Kunlun, and B Capital, and new investor Falcon Edge Capital, Kopi Kenangan.
Indonesia’s Alpha JWC Ventures banks on larger fund size as it scouts for opportunities in Southeast Asia
The firm, which has invested in several small and medium enterprises (SME) solutions companies, like GudangAda and UnaBrands, also believes that these firms will be the "next big trends" in the region.
Indonesia’s GoTo said to appoint banks for $1B local IPO – report
GoTo Group has picked PT Mandiri Sekuritas and PT Indo Premier Sekuritas as underwriters for a local IPO that could happen as soon as next quarter, Bloomberg reported.
Indonesian O2O automotive startup Otoklix raises $10M Series A funding co-led by Alpha JWC Ventures and AC Ventures
Otoklix has raised $10 million from Alpha JWC Ventures and AC Ventures. Sequoia Capital India’s Surge, and angel investors including Indonesia’s largest automotive conglomerate Astra International Ex-Chief Executive Officer Prijono Sugiarto, YouTube Co-founder Steve Chen and Google Executives in XA Network, also joined the round. With this fresh funding, it…
Binance and MDI Ventures-led consortium establish joint venture to grow blockchain ecosystem in Indonesia
Binance has established a joint venture with a consortium led by MDI Ventures (MDI) to expand the blockchain ecosystem in Indonesia with the development of a new Indonesian-based digital asset exchange. Binance will provide world-class asset management infrastructure and technology to support the development of the new exchange platform.
Indonesia to launch Merah Putih Fund worth $200M to support local ‘soonicorns’ – report
Erick said Indonesia has the potential to create more unicorns, 25 in his estimation.
Amazon Web Services launches Indonesia cloud region, to invest $5B in the region over next 15 years
Amazon Web Services (AWS) has announced the launch of the AWS Asia Pacific (Jakarta) Region. It is planning to invest an estimated $5 billion in Indonesia over the next 15 years through the new AWS Asia Pacific (Jakarta) Region, which includes capital expenditures on the construction of data centers, operational expenses related to ongoing utilities and…
Indonesia’s Lemonilo raises $36M Series C funding from Sofina and Sequoia Capital India
Lemonilo, an Indonesian healthy lifestyle consumer goods company, has raised a US$36 million Series C funding led by Sofina. Sequoia Capital India, Lemonilo’s current investor, also participated in the round. Through this funding, Lemonilo plans to strengthen its current business and expand to international markets, the company said in a statement.
Indonesia edtech firm Cakap secures $10M in Series B funding co-led by MDI-KB’s Centauri and Heritas Capital
Cakap has raised $10 million in an oversubscribed series B round to expand its certified course offering, as well as to fuel its market expansion in providing better access to high quality education in Indonesia. The round was jointly led by MDI Ventures' Centauri Fund and Heritas Capital, with participation from KB Investment and other undisclosed…
B2B is the next frontier in e-commerce, says GudangAda’s JJ Ang [Q&A]
JJ Ang relates how the company has focused on the marketplace approach, priding itself in how trust has been at the core of relationships with its business users. He cites how this platform approach provides a way for businesses to achieve "higher sales volume, faster turnover, reduced operational cost, and lower prices."
