Indonesia
Singapore's Carro raises $30m for extended Series B
Singaporean auto marketplace operator Carro has raised $30 million from investors including SoftBank Ventures Asia as part of an extended Series B round.
Gates Foundation, global insurers back Indonesia's Halodoc
The Bill & Melinda Gates Foundation has made a rare direct investment in Southeast Asia, participating in an extended Series B round for Indonesian healthcare technology provider Halodoc.
Profile: Traveloka’s Hendrik Susanto
Hendrik Susanto left a career in private equity and venture capital to head Traveloka’s inorganic growth strategy. The new role harnesses investment expertise to build a longer-lasting company
Visa joins Series F for Indonesia’s Go-Jek
Visa has confirmed its participation in an ongoing Series F round for Indonesia-based ride-hailing and online services platform Go-Jek that had raised about $1 billion as of February.
Southeast Asia exits: Greener pastures
Southeast Asia’s internal growth and rising appeal among global investors in recent years have fed expectations that PE and VC exits will follow. The logic is sturdy but detailed projections are elusive
Southeast Asia's Provident Capital seeks $250m for Fund II
Provident Capital, a Southeast Asia-focused private equity firm that is primarily active in Indonesia, is looking to raise $250 million for its second fund.
EV Growth leads $14.5m round for Indonesian logistics player
EV Growth has led a $14.5 million Series A round for Indonesian logistics industry technology provider Waresix.
Indonesian logistics player Ritase gets $8.5m Series A
Ritase, an Indonesian technology provider for the trucking industry, has raised an $8.5 million Series A round led by Golden Gate Ventures.
Indonesia’s KoinWorks raises $12m Series B
Indonesian P2P lending platform KoinWorks has raised S$16.5 million ($12 million) in Series B funding led by EV Growth and Quona Capital.
Korea’s Stonebridge invests in Indonesia's CoHive
Korea’s Stonebridge Ventures has led a $13.5 million investment in CoHive, an Indonesian co-working space operator previously known as EV Hive that spun out from East Ventures.
Deal focus: TaniGroup plants a seed for Indonesia agtech
TaniGroup was established to address an information disparity that prevents Indonesian farmers from making more money. Several VC investors are now backing it to become a broader platform
Openspace backs Indonesian agtech start-up
Openspace Ventures has led a $10 million Series A round for Indonesian agricultural technology start-up TaniGroup.
Kejora closes growth fund at over $100m
Indonesian venture capital firm Kejora Ventures has closed its latest fund, a growth vehicle that will invest in technology businesses in Southeast Asia, with more than $100 million in commitments.
Investors prioritize policy continuity in Indonesia - AVCJ Forum
Both candidates in Indonesia’s presidential election continue to claim victory, but unofficial counts conducted by polling agencies that point to another term for Joko “Jokowi” Widodo are a source of comfort for investors seeking stability.
Indonesia: All about the tech
The center of gravity within Indonesia's private markets appears to have shifted from PE to VC. Is it a structural or a cyclical phenomenon?
Kejora joins $50m Series A for Indonesia’s Sicepat
Indonesian logistics start-up Sicepat Ekspres has raised $50 million in Series A funding from Kejora Ventures and Barito Teknologi, the technology investment arm of Indonesian energy conglomerate Barito Pacific.
Grab vs Go-Jek: Hitting the gas
As Grab and Go-Jek accumulate war chests to finance their battle for leadership in Indonesia’s online services space, the greatest benefit could go to the next generation of local technology entrepreneurs
Indonesia’s HappyFresh gets $20m Series C
Indonesia-based online grocery delivery platform HappyFresh has raised a $20 million Series C round led by Mirae Asset Capital and South Korean internet conglomerate Naver.
China fintech in Indonesia: Uncertainty bites
Indonesia’s fintech space represents an attractive market for Chinese start-ups looking to go cross-border. However, their reputation has been soured by misbehaving P2P lending platforms
Q&A: Creador's Stefanus Hadiwidjaja
Stefanus Hadiwidjaja, an Indonesia-based managing director with Southeast Asia private equity firm Creador, discusses deal sourcing, entrepreneur engagement, and cross-border expansion strategies
Indonesia exits: Unmet expectations?
Indonesia has become a source of frustration for LPs that want to see more exits. A weak currency, slower growth and rising competition aren’t helping GPs as they seek to deliver the required returns
Indonesia infrastructure: Forging frameworks
Indonesia has set the stage for more private sector involvement in a government-dominated and desperately underdeveloped infrastructure space. A range of intangibles could impede the integration
CCA’s VC unit expands into Indonesia
Coca-Cola Amatil (CCA), an Australia-listed food and beverage distributor for Coca-Cola and several other food brands, has established a branch of its venture capital unit Amatil X in Indonesia.
CVC secures partial exit from Indonesian sports retailer
CVC Capital Partners has made a partial exit from Indonesian sports retailer MAP Aktif Adiperskasa, generating proceeds of approximately IDR4.1 trillion ($288 million) through a share sell-down.