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BRI Ventures Closes Tech Fund US$21M from Malaysia’s Grab, Others

JAKARTA (TheInsiderStories) - BRI Ventures, the venture capital armed of state lender, PT Bank Rakyat Indonesia, is reported had completed the first technology fund of Rp300...

Supporting EV Development, PLN Partnering with Hyundai to Grab

JAKARTA (TheInsiderStories) - Power producer, PT Perusahaan Listrik Negara (PLN) signed a memorandum of understanding with South Korea Hyundai Motor Co., China' Wuling Motors, Malaysia' Grab...

Alibaba Group Willing to Acquires Uber’s Shares in Grab

JAKARTA (TheInsiderStories) -  Alibaba Group Holding Ltd., is reported willing to bought  Southeast Asian ride-hailing provider, Grab Holdings Inc., from Uber Technologies Inc., a global media...

Indonesia’s GoJek and Grab Holdings in Merger Taks

JAKARTA (TheInsiderStories) - Southeast Asia' largest online transportation apps, PT Aplikasi Bangsa (GoJek) and Malaysia' Grab Holdings Inc., in merger talks, global media reported on Monday...

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,...

Develope Charging Station, PLN Invites GoJek, Grab, Bluebird

JAKARTA (TheInsiderStories) - Indonesia’ state-owned, PT Perusahaan Listrik Negara (PLN) and two digital player Grab and GoJek, have signed a memorandum of understanding (MoU) to build...

Indonesia’s StickEarn Raises US$5.5M Series A Funding led by East Ventures,...

JAKARTA (TheInsiderStories) — StickEarn, a leading Indonesian offline-to-online advertising technology company, has closed Series A round of funding of US$5.5 Million, said the management today (10/15)....

US’s Weyland Tech will Acquire AtozPay, AtozGo Shares

JAKARTA (TheInsiderStories) - Weyland Tech Inc. (OTCQX: WEYL) has exercised its option to acquire 31 percent beneficial ownership of PT Weyland Indonesia Perkasa (WIP), owner and operator of...

East Ventures Closes US$75M Sixth Fund to Focus on Indonesian Startups

JAKARTA (TheInsiderStories) - Southeast Asian venture capital firm East Ventures has closed its sixth fund at US$75 million, with support by prominent startup founders...

Indonesia’s GOJEK Receives Fresh Investment from Mitsubishi

JAKARTA (TheInsiderStories) - Indonesia-based multi platform GOJEK announced an unspecified investment from Japan' Mitsubishi Motors Corporation, Mitsubishi Corporation, and Mitsubishi UFJ Lease & Finance as...

Indonesian Govt Set New Tariffs for Online Motorbike

JAKARTA (TheInsiderStories) – Indonesian Transportation Ministry released a new tariff for online motorbike taxi and will be implemented in 41 cities, said the spokesman last week....

Morning Briefing: British Parliament Approves No-Deal Brexit

JAKARTA (TheInsiderStories) - British Parliament will approve law to stop no-deal Brexit on April 11 after passed the Cooper-Letwin bill on Monday evening (04/08) to ensure...

Indonesian Gov’t to Set Online Motorbike Tariff This Week

JAKARTA (TheInsiderStories) - Indonesian Government to announce the basic tariff for online motorcycle taxi service providers this week, said one official last week. Transportation ministry' director Ahmad...

Singapore’s Grab Get New Funding From Softbank $1.46B

JAKARTA (TheInsiderStories) - Singapore' Grab Holdings Inc., received funding from Japan' Softbank Vision Fund worth of US$1.46 billion. With this Series-H funding round, so far...

Malaysia’s Grab Create Digital Insurance Marketplace in SEA

JAKARTA (TheInsiderStories) - Malaysian Grab Holdings Inc., ride-hailing operator in Southeast Asia, has collaborated with Hong Kong ZhongAn Technologies International Group Ltd. (HKEX stock code: 6060),...

Grab Gets Additional Capital from Japan’s Tokyo Century

JAKARTA (TheInsiderStories) - Grab Holdings Inc., gets additional capital from Japan' Financial services company, Tokyo Century Corp. In cumulative, the company has invest on the...

Indonesia Revises Online Transportation Rule

JAKARTA (TheInsiderStories) - Indonesian Ministry of Transportation released a new order about online transportation, stated in Ministry Regulation Number 118 Year 2018 concerning of the Special...

Insight: Ride-hailing, from Automotive Producer Glance to Complicated Rule

 JAKARTA (TheInsiderStories) – Indonesia's ride-hailing companies continue to make significant strides. In addition to government encouragement, the new business had large capital investment from...

Japan’s Yamaha, Grab Enters into Strategic Partnership in Motorcycle Ride-Hailing Service

JAKARTA (TheInsiderStories) - Japan manufacturer Yamaha Motor Co., Ltd. and Grab Holding Inc., Southeast Asia’s online-to-offline (O2O) platform, have agreed to form a strategic partnership in...

UOB Singapore, Grab Set Up Digital Services in ASEAN

JAKARTA (TheInsiderStories) - Singapore United Overseas Bank Ltd., (UOB) and Malaysian Grab have entered into a strategic alliance to accelerate the use of digital services...

Morning Briefing: Grab Claims Number one in Indonesia’s Ride-hailing Market

JAKARTA (TheInsiderStories) - Good morning. Malaysia’s Grab had claimed that it is number one in Indonesia’s ride-hailing market, beating its fierce competitor Go-Jek, which is busy...

Grab Ventures Ready to Invests US$250M in Indonesian Startup

JAKARTA (TheInsiderStories) - The Singapore-based ride hailing firm Grab Holdings Inc. announced would invest US$250 million in Indonesian startup through its Grab Ventures arm, said...

Grab Announces US$2Billion of Funds Lead by Japan’s Toyota

JAKARTA (TheInsiderStories) ― Grab Holdings Inc. (Grab), Southeast Asia’s leading O2O mobile platform, announced today (02/08) has raised US$2 billion for its current round of...

Moody’s: Toyota’s US$1B Investment in Grab is Credit Positive for Both

JAKARTA (TheInsiderStories) - Last Wednesday, Toyota Motor Corporation (Aa3 stable) announced that it will invest US$1 billion in Grab Holdings Inc., a Singapore-based ride-hailing service provider,...

Japan’s Toyota Lead Next Round Financing US$1 Billion in Grab

Singapore (TheInsiderStories) ― Japan's Toyota Motor Corp., lead a new financing round worth of US$1 billion in Grab Holdings Inc., the Southeast Asia’s leading O2O...

Grab, Uber’s Deal Under Antitrust Scrutiny in Indonesia

JAKARTA (TheInsiderStories) - Indonesia's Business Competition Supervisory Commission said it will scrutinize Grab's business over prospects of monopoly after the Singapore-based technology company acquired acquired...

Grab’s Plans After Acquiring Uber’s SE Asia Business

JAKARTA (TheInsiderStories) - Southeast Asia's largest ride-hailing operator on Grab on Friday (06/04) unveiled its future plans in Indonesia after acquiring South-east Asia business of...

New Online Transportation Policy Out in May

JAKARTA (TheInsiderStories) - Indonesian Government is currently drafting the new regulation on the change of ride-hailing companies into public transportations. The new regulation its expected comes...

Ride Hailing Apps Must Register as Transport Companies in Indonesia

JAKARTA (TheInsiderStories) – Indonesia is making it mandatory for ride-hailing applications providing four-wheeled-vehicle rides to register as transport companies within two months, as the...

Uber Swaps Southeast Asia Operations with 27.5% Grab’s Shares

JAKARTA (TheInsiderStories) –  U.S's ride-hailing Uber swaps its Southeast Asia operations with 27.5 percent Grab shares, said the Malaysian company on Monday (26/3) for an undisclosed...