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Indonesia’s Qoala Raises Series A Funding US$13.5M
JAKARTA (TheInsiderStories) - Indonesia' insurtech, Qoala, raises Series A funding with total amount US$13.5 million led by Centauri Fund venture capital owned by MDI Ventures Capital...
Indonesia’s GoJek Finalizes the Acquisition of Moka
JAKARTA (TheInsiderStories) - Indonesia’ decacorn, GoJek, has acquired the mobile point of sales provider, Moka, for Rp1.68 trilion (US$108.39 million). Now, the company awaits business competition supervisory commission...
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...
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...
