By Ardi Wirdana
By turning to OVO for a solution, Tokopedia is following Grab, which partnered with OVO in December last year, after failing to secure an e-money licence for GrabPay.
Kendall Court Managing Partner Chris Chia talks about how the PE firm, which manages equity-linked and mezzanine investments across Southeast Asia, has moved away from the fundraising model.
Salim Group and Medco Group agreed to acquire 60% of Hyflux for S$400 million ($290 million), a move that gives it a lifeline for its struggling business.
The startup will deploy proceeds from the round on store expansion, R&D and mobile app development.
The nation’s Corruption Eradication Commission conducted a search on 10 locations on Wednesday including Lippo deputy chairman James Riady’s home and the house of a senior executive who was arrested.
The Indonesian ride-hailing giant is up against strong local habits and customs around transportation in Thailand, Go-Jek’s Vice President for International Expansion, Andrew Murphy, said.
Other investors in the round included Vickers Venture Partners, LINE Ventures and Partech Partners. The latest financing brings Fastwork’s total external funding to $5.5 million.
CROWDE will use the capital to accelerate the development of its platform directed at Indonesia’s agriculture sector.
Gobi’s Indonesia fund will be managed in parallel with its $10-million early-stage Philippine fund launched last week in partnership with local VC firm Core Capital.
The move is Bukalapak’s first publicly known major acquisition of another company or its assets since its last funding round in late 2017 that valued the company at over $1 billion.