DealStreetAsia understands that the investment values KNE at over $100m.
Startups with strong fundamentals will continue to attract investors, say VCs.
Indonesia PE-VC Summit 2023
The speakers will share their perspectives at the Indonesia PE-VC Summit 2023.
Vietnam: KKR-backed EQuest takes controlling stake in Khoi Nguyen Education
NZ plans law to make Facebook, Google pay for local news content
Saudi crown prince, US PE firm keen on Credit Suisse's investment bank
Singapore’s AirCarbon Exchange looks to raise $50m in Series B funding
SE Asia VCs bolster leadership teams as portfolio demands grow
Meet 15 investors betting big on Indonesia — SE Asia’s maximum market
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The options being explored include a sale.
Hidden Hill Capital is an investor in JD Logistics, and J&T Express.
The redemption curbs, which came because of pre-set limits, fuelled investor concerns over the future of the REIT.
Velocity Ventures, Phillip Private Equity, and Prizm Ventures also backed the F&B SaaS startup.
Rest of Asia
Movac is targeting a $100m first close for its Growth 6 Fund.
Regional VCs including AC Ventures, Jungle and Wavemaker have beefed up their leadership rungs.
The hotel aggregator said it will cut 10% of its 3,700 employee base.
ADB's loan will help support the construction of Hayat's manufacturing facility.
VinFast has officially opened stores in Cologne, Germany and Paris, France
The carbon exchange is backed by Mubadala and Deutsche Börse.
Gemini has formed a creditors' committee to recoup the funds, FT reported.
It had aimed to raise up to $1b last year but the deal was put on hold because of market uncertainties.
The legislation will be modelled on similar laws in Australia and Canada.
BI launched the design for its digital rupiah last week.
Three Arrows was the first major crypto firm to go bankrupt in 2022.
Additional financial backing could come from other US investors.