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Mandiri Capital Indonesia Prepares US$7M Next Year

JAKARTA (TheInsiderStories) - Local venture capital firm, PT Mandiri Capital Indonesia (MCI) allocated funds Rp100 billion (US$7.14 million) to acquires new startup in 2020, local...

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...

Indonesia’s MDI Ventures, KB Investment Joint Investment US$30M

JAKARTA (TheInsiderStories) - MDI Ventures, an Indonesian venture capital, and South Korean KB Investment to establish a joint fund worth of US$30 million for startups in...

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...

EV Growth Closes First Fund at US$200M

JAKARTA (TheInsiderStories) - Singapore-headquartered venture capital (VC) firm EV Growth has hit the close of its inaugural fund at US$200 million (Rp2.9 trillion), exceeding...

Indonesia’s Lippo Invests $44M in Tencent

JAKARTA (TheInsiderStories)—Indonesia's real estate company Lippo Group invested US$44 million in Chinese giant internet company Tencent Holdings Ltd. through shares and equity-linked notes. In a...

Indonesia’s Fabelio Raises Fresh Funds US$6.5M

JAKARTA (TheInsiderStories) - Fabelio.com, an Indonesian start-ups that produce home furnishings got fresh funds from local investors worth US $ 6.5 million. Based on the company's...

VC Has Played Bigger Role in Startup Development in Indonesia

JAKARTA (TheInsiderStories) - Venture capital (VC) increasingly show an important role in the development of startup companies in Indonesia, amid prospects of growth in the...