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Indonesia’s Kargo Secures Series A Funding US$31M

JAKARTA (TheInsiderStories) - Indonesia' freight logistics firm, Kargo Technologies, has secured Series A Funding round worth of US$31 million led by Silicon Valley-based Tenaya Capital. Other...

Singapore’s OUE Acquires Maxx Coffee Chains in Indonesia

JAKARTA (TheInsiderStories) - Singapore' OUE Dining Pte. Ltd., through its unit, Oddish Ventures Pte. Ltd., announced has acquired 88.43 percent Maxx Coffee chains shares from PT...

Singapore’s Atome Expand to Indonesia through Kredit Pintar

JAKARTA (TheInsiderStories) - Singapore' financial technology (FinTech) firm, Atome, expanding their businesses in Indonesia through Kredit Pintar, to tap into the Southeast Asia largest economy'...

Telkom Group, Others Invests in US’s Roambee US$15.2M

JAKARTA (TheInsiderStories) - A local venture capital, PT Telkomsel Mitra Inovasi (TMI) partnering with other investors backing United States-based internet of things (IoT) startup...

China’s Black Panther, Kresna Graha Partnering to Invest in Unicorns

JAKARTA (TheInsiderStories) — Indonesian financial company, PT Kresna Graha Investama Tbk (IDX: KREN) and investment company China Black Panther Capital partnering to invest in Unicorns,...

Indonesia’s PLN, Masdar Inks Investment Deal US$128M

JAKARTA (TheInsiderStories) - PT Pembangkit Jawa Bali (PJB), signed an investment deal worth of Rp1.8 trillion (US$128.58 million) with Masdar, an energy company from the United...

Indonesia’s Style Theory Raises Funds US$15M from Softbank, Alpha JWC

JAKARTA (TheInsiderStories) - Indonesia's largest clothing rental platform, Style Theory, raised fund series B of US$15 million from several investors which led by SoftBank...

Carsome Get Fresh Funds US$50M from Japan’s MUFG

JAKARTA (TheInsiderStories) - MUFG Innovation Partners (MUIP) joint with other investors, invested in Malaysian-based Carsome Sdn Bhd., with worth of US$50 million to fend off its...

Singapore’s Workmate Raises US$5M Series A Round

JAKARTA (TheInsiderStories) - Singapore-based start-up company, Workmate, has raised US$5.2 million in its Series A financing round, led by Atlas Ventures and Gobi Partners,...

Indonesia’s Travelio Raises US$18M Series B Round

JAKARTA (TheInsiderStories) - Indonesian property technology startup Travelio has raised US$18 million in its Series B financing round led by Singapore-based Pavilion Capital and...

Indonesia’s Alami Gets US$1M From Singapore, Malaysia Firms

JAKARTA (TheInsiderStories) - Indonesia fintech lending company, Alami, received funding of around $1 million from four Singapore and Malaysia investors, the management said in...

Singapore’s BreadTalk Completes the Acquisition Food Juntion from Lippo Group

JAKARTA (TheInsiderStories) - Hong Kong' Lippo Limited (HKD: 0226), unit of Lippo Group, and Lippo China Resources Ltd., has completed the sale of Food Junction Management...

Sinar Mas Become the Shareholders of Bank CCB Indonesia

JAKARTA (TheInsiderStories) - Financial company, PT Sinar Mas Multiartha Tbk (IDX: SMMA) will become the shareholders of PT Bank of CCB Indonesia Tbk (IDX: MCOR), said...

Bank Artos Indonesia Become Digital Bank

(JAKARTA TheInsiderStories) - After a long silence, PT Bank Artos Indonesia Tbk (IDX: ARTO) admitted its parent wanted to transform the small lender become...

Indonesia’s Telkomsel Unit Injects US$2M to PrivyID

JAKARTA (TheInsiderStories) - PT Telkomsel Mitra Inovasi (TMI), an investment arm of telco provider PT Telkom Indonesia Tbk (IDX: TLKM), has invested nearly US$2...

Singapore’s BreadTalk Controls Lippo Group Food Company

Jakarta (TheInsiderStories) - Singapore' food and beverage (F&B) producer, BreadTalk Group Ltd., will acquire 1.48 million shares or 100 percent shares Lippo Group' food...

Indonesia’s Timah to Build Two Smelters, Invests US$100M

JAKARTA (TheInsiderStories) - JAKARTA (TheInsiderStories) - Indonesian miner, PT Timah Tbk (IDX: TINS) plans to build two smelters with total investment around US$100million, said the...

Indonesia President Son’s Startup Raises Funding US$5M prom Alpha JWC

Jakarta (TheInsiderStories) - Goola, startup company created by President Joko Widodo' eldest son, Gibran Rakabuming, pocketed initial funding of US$5 million from local venture...

Indonesian Jualo Raises Funds US$30M from Singapore’ Carro

JAKARTA (TheInsiderStories) - Indonesian e-commerce site Jualo.com raised fresh funding US$30 million from Singapore-based automotive marketplace Carro as part of its Series B round. The latest funds...

Japan’s Mitsubishi, Vasanta Indo to Develop US$700M Projects in West Java

JAKARTA (TheInsiderStories) - Japan' Mitsubishi Corporation announced on Wednesday (07/31) the signing of a joint venture between its subsidiary PT Diamond Development Indonesia and...

Japan’s Softbank, Grab Holdings Invests US$2B in Indonesia

JAKARTA (TheInsiderStories) - Singapore' ride-hailing company Grab Holdings Inc., get another US$2 billion funds and will investing in Indonesia. Last March, one of the leading apps...

Indonesia’s Ralali Raises US$13M to Build B2B E-Commerce Platform

JAKARTA (TheInsiderStories) -​ Ralali.com, the first and largest online B2B marketplace e-commerce platform in Indonesia raised  US$13 million from three foreign investors. The startup is...

Indonesia to Sign Deals with African Investors Next Month

JAKARTA (TheInsiderStories) - Indonesia' state-owned companies will sign partnership deals with a number of African investors, official says. There are at least six to...

Indonesia Opens Auction for Suasua Nickel Mine Block for Next 20 Days

JAKARTA (TheInsiderStories) - Indonesia' government began opening an auction for the special mining business license area in the Suasua block, Southeast Sulawesi for the...

Indonesia’s Telkomsel Mitra Inovasi Gets Funding US$40M from Telkom

JAKARTA (TheInsiderStories) – A local venture capital, PT Telkomsel Mitra Innovasi (TMI), get fresh funding of US$40 million from its parent company, PT Telekomunikasi...

Indonesia’s Lippo Karawaci Offers 67.74% Shares to Gets US$785M

JAKARTA (TheInsiderStories) - Indonesian property developer, PT Lippo Karawaci Tbk (IDX: LPKR) will hold rights issue for 47.82 billion shares or 67.74 percent of its issued...
Indonesia Assesses the Policy of Financial Liquidity Loan Collaboration

Finance Minister Send Challenging 2020’s State Budget to House

JAKARTA (TheInsiderStories) — Indonesia Finance Minister Sri Mulyani Indrawati officially submitted state revenue and expenditure budget draft for 2020 to House of Representatives, on...

Indonesia Wins Two-Working Areas Auction US$116.7M

JAKARTA (TheInsiderStories) – Indonesian Ministry of Energy and Mineral Resources (MEMR) announces Kufpec Ventures (Indonesia) Ltd. and Sonoro Energy Ltd-PT Menara Global Energi consortium as...
Indonesia Targets Honda Motor’s Exports worth US$1.8 B in 2021

Honda Motor Targets Exports US$1.8B from Indonesia in 2021

JAKARTA (TheInsiderStories) – One of the car maker in Indonesia, PT Honda Prospect Motor (HPM) eyes export with worth of US$1.8 billion in 2021, said...
Indonesia's Lippo Karawaci Secures Funding US$1.01B

Indonesia’s Lippo Karawaci Secures Funding US$1.01B

JAKARTA (TheInsiderStories) – Indonesia' property developer, PT Lippo Karawaci Tbk (IDX: LPKR) has secured funding around US$1.01 billion to support the businesses and pay...