Sandiaga Uno, one of the founding partners of Indonesia-focused GP Saratoga Capital, has been elected deputy governor of Jakarta. Uno and his running mate Anies Baswedan (pictured right, with Uno), a former education minister, secured a comprehensive victory.
The official result will not be released until next week, but Basuki Tjahaja Purnama, the incumbent governor, conceded to Baswedan within hours of the polls closing. The election took place against a backdrop...
Australian superannuation fund Hostplus has committed $50 million to a China-focused VC fund launched by Australian seed investor Artesian. The fund is targeting up to $200 million.
Yatra Online, an Indian travel services provider listed on NASDAQ, has raised INR1 billion ($15.4 million) in debt funding from InnoVen Capital.
Steven Okun, until recently KKR’s director of public affairs for Asia Pacific, has been appointed ASEAN representative for EMPEA, a global industry association for private capital in emerging markets.
East Ventures has launched a $30 million Southeast Asia fund that will make seed to Series A investments in technology start-ups, with an emphasis on Indonesia.