Exclusive: Indonesia’s recommerce major Laku6 in talks to raise $3m Series A


The used phone commerce site had last raised over $1.8 million in seed funding in 2015.

Indonesia: Alibaba leads $1.1b round in e-commerce major Tokopedia

Funding is one of Alibaba’s largest investments after its infusion of over $2b in total in Lazada.

Carlyle, Southern Capital in talks to sell Indonesia tower operator STP at $1b valuation

The private equity firms have hired an adviser to find a buyer for their combined stake of nearly 69 percent in Solusi Tunas Pratama Tbk PT (STP).

Gobi Partners, Golden Equator lead $27m round in Indonesian startup SaleStock

Alpha JWC Ventures, Convergence Ventures, KIP, MNC and SMDV also participated.

Whatever happened to Indonesia’s mighty oil and gas industry?

Investment for exploration in Indonesia shrank to $100 million in 2016 from $1.3 billion in 2012.

Indonesia leads startup frontier markets in global VC deals since 2012

Startup frontier markets including Indonesia and Malaysia are on track to beating 2016’s total of 1,500 VC deals.

Indonesia: MEMBER.Id raises seed funding in East Ventures-led round

Indonesian rewards & loyalty platform MEMBER.ID has closed a seed round.

Exclusive: eyes partnerships with Indonesia’s niche e-commerce players

Prominent niche players include Fabelio (furniture) and Laku6 (used phones).

Exclusive: Aavishkaar in talks to invest about $2m in Indonesian food startup

Aavishkaar has invested in three Indonesian companies since it entered the country in 2015.

Indonesia: Jasa Marga, Astratel eyeing Waskita’s highway project worth $523m

The project is estimated to be worth around $523 million.