Indonesia
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."
AC Ventures raises over $205M for oversubscribed Fund III to invest in Indonesia’s next generation of technology leaders
AC Ventures has closed its Fund III with over $205 million in committed capital, bringing the firm’s total asset under management to over $380 million across its funds. The fund was oversubscribed and participated by renowned global and regional institutional investors, including the World Bank’s International Finance Corporation (IFC) and Disrupt AD, Abu…
Indonesia e-commerce solution platform Desty raises $5M in an extended pre-series A round from East Ventures
Desty, an Indonesia-based E-Commerce solution platform startup, announced Friday that it has secured $5 million of extended pre-series A round led by East Ventures (growth fund) with participation from Jungle Ventures and returning investors Fosun RZ and January Capital.
Tencent-backed J&T Express raises $2.5B ahead of Hong Kong listing – report
J&T's main backers Boyu Capital, Hillhouse Capital Group and Sequoia Capital China, and Chinese internet giant Tencent Holdings were among investors in the latest fundraising.
Singapore solar energy firm SUN Energy raises $25M Series A funding, valuing the company at $200M
The funding round will enable SUN Energy to cement its leading market position in Indonesia and bolster growth in the region alongside blue-chip strategic partners that share a similar vision on energy transition.
