EV Growth
GIC leads $80m round for Indonesia's Bibit
GIC has led an USD 80m funding round for Bibit, operator of one of Indonesia’s largest robo-advisory investment apps. Prosus Ventures and other existing investors also took part.
Coatue, Insight lead Series D for Indonesia's Xendit
Coatue Management and Insight Partners have led a USD 300m Series D round for Indonesian payments infrastructure platform Xendit.
Vision Fund leads $360m Series C for Southeast Asia's Carro
Carro claims to have become Southeast Asia’s first automotive marketplace unicorn with the completion of a S$477 million ($360 million) Series C round led by SoftBank Vision Fund 2.
Singapore’s East Ventures takes over EV Growth
EV Growth, a joint venture between Singapore’s East Ventures, Indonesia’s SMDV and Japan’s YJ Capital, is dissolving its co-GP structure, with East Ventures taking over as the sole manager.
Sequoia India leads $30m round for Indonesia's Bibit
Sequoia Capital India has led a $30 million investment in Bibit, an Indonesian robo-advisory app for first-time investors.
Deal focus: Waresix builds Indonesia’s logistical lynchpin
Jungle Ventures and EV Growth lead $75 million round for Waresix, backing the company's integrated platform as a solution to Indonesia's logistics challenges
EV Growth, Jungle lead round for Indonesia's Waresix
Indonesian logistics technology provider Waresix has secured about $75 million in Series B funding led by existing backers EV Growth and Jungle Ventures.
Indonesia's Traveloka raises $250m
Traveloka, an Indonesian online travel services company, has closed a funding round of $250 million, reportedly accepting a stepdown in valuation in the process.