By Ardi Wirdana
The investment from MDI comes just over a year after the company announced the closing of a $4.1-million round of funding from Deutsche Telekom and undisclosed Silicon Valley investors.
Makmuri’s appointment is the first among a series of executive transitions at the company as it prepares to scale its service throughout Indonesia and Southeast Asia and finalizes its Series B round.
CVC is said to have invested about $150 million in GarudaFood ahead of a planned IPO.
NFC says the IPO is part of the company’s strategy to accelerate its business pace to be the biggest digital exchange hub in Indonesia.
Central Capital Ventura, the VC unit of Indonesia’s largest private lender Bank Central Asia, has so far invested in seven fintech startups. Its sweet spots are pre-Series A and Series A investments in fintech, insurtech, big data, deep tech and IoT.
Current backers, including Tencent & Warburg Pincus, have discussed providing more funding to the firm.
Following the funding round, which was also joined by Tada’s existing investors, Finch Capital partner Hans de Back will join the startup’s board.
Nodeflux said the funding will help support research and development on computer vision and deep learning.
ANGIN currently manages 33 investments that include crowdfunding platform KitaBisa.com, community data startup Qontak and co-working space ReWork.
In an exclusive interview, Stellar Kapital Managing Partner Aditya Keo Santoso talks in depth about real sector investments, the Indonesian startup scene and Stellar’s $25-million second fund.