Indonesia
Indonesian logistics firm J&T Express officially launches its express network in the UAE and Saudi Arabia
J&T Express has official launhced its express network in the United Arab Emirates (UAE) and Saudi Arabia. The two countries are the first markets to be covered by the firm in the Middle East, and the latest expansion brings the firm's global network coverage to a total of ten countries.
Indonesian cloud-based POS Olsera raises $2.5M from Kejora-SBI Orbit
Olsera has raised $2.5 million in seed round funding from Kejora-SBI Orbit. With this fresh capital, Olsera seeks to strengthen its technological infrastructure, recruit more talents and accelerate their merchant acquisition in another 200 cities in Indonesia.
CT Corp, Salim, Bukalapak, Grab, Carro and Growtheum Capital Partners to buy into Indonesia’s Allo Bank right issue
Indonesian conglomerates CT Corp, Salim Group, e-commerce marketplace Bukalapak, ride-hailling firm Grab, used car marketplace Carro, and private equity firm Growtheum Capital Partners have jointly participated in the rights issue of Bank Allo to accelerate the expansion of credit services across Indonesia. Bank Allo is a fully licensed bank offering…
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…
