BRI Ventures
Indonesia B2B agriculture marketplace gets $35m Series A
AgriAku, an Indonesia-based B2B marketplace that looks to improve agriculture supply chain efficiency for retailers of agricultural inputs, has raised USD 35m in Series A funding led by Alpha JWC Ventures.
Indonesia's Pluang doubles Series B to $110m
Indonesian micro-savings and micro-investment app Pluang has raised USD 55m in Series B funding led by Accel. It follows a USD 55m Series B investment led by Square Peg Capital last year.
Bukalapak gains 25% on debut after $1.5b Indonesia IPO
Indonesian e-commerce platform Bukalapak hit the upper limits of its trading range within minutes of debuting on the Jakarta Stock Exchange following an IDR21.9 trillion ($1.5 billion) IPO.
Indonesia's Bukalapak set for domestic IPO
Indonesian e-commerce platform Bukalapak – which counts GIC, and Microsoft among its investors – has unveiled plans to become the first of the country’s technology unicorns to complete a domestic IPO.
Profile: BRI Ventures’ Nicko Widjaja
First at MDI Ventures and now at BRI Ventures, Nicko Widjaja has established himself as a pioneer of corporate venture capital in Indonesia. The journey has been long and sometimes bumpy
Indonesia’s TaniHub secures $65.5m Series B
TaniHub, a platform that connects farmers with customers and other agriculture industry suppliers, has closed a $65.5 million Series B round led by MDI Ventures.
BRI reaches first close on Indonesia fund
BRI Ventures, a unit of Bank Rakyat Indonesia has reached the first close of IDR150 billion ($11 million) on its locally incorporated tech venture fund.
Grab leads $100m round for Indonesia e-wallet player
Singapore-based ride-hailing and local services platform Grab has led a $100 million Series B round for Indonesian e-wallet services provider LinkAja.
Corporate VC in Asia: Moment of truth
Cutting non-core operations is the standard corporate response to an economic downturn. Companies in Asia must decide whether the long-term benefits of exposure to new technologies outweighs short-term pain