Sinarmas supports Ardent Capital's Southeast Asia expansion
Southeast Asia-focused e-commerce investor Ardent Capital has received $12.5 million in funding led by Indonesian conglomerate Sinarmas. Existing backers also participated.
The new funding will be used to expand Ardent's Labs model across the region. Operating in a similar fashion to a VC accelerator, the Labs division tests promising business ideas in a variety of critical...
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