Indonesia
Southeast Asia manufacturing: Back in the game
Contract manufacturers are reconsidering their exposure to China in the light of trade tensions with the US. Southeast Asia stands to benefit, but companies will have to navigate an increasingly complicated landscape
East Ventures backs Indonesia auto platform
East Ventures has joined a Series A investment of undisclosed size in Indonesian car sales platform operator Mobilkamu.
Sequoia leads $7.6m round for Indonesia's Kargo
Sequoia Capital India has led a $7.6 million round for Indonesian logistics services provider Kargo Technologies.
Astra commits $100m to Go-Jek's Series F
Astra International, an Indonesian conglomerate that controls the country’s largest automotive distributor, has agreed to invest $100 million in the first tranche of a Series F round for ride-hailing and delivery platform Go-Jek.
UOB leads $65m Series B for Indonesia's Halodoc
Singapore-based United Overseas Bank (UOB) has led a $65 million Series B round for Indonesian healthcare technology provider Halodoc.
Fund focus: Intudo proves a tight focus has broad appeal
Intudo Ventures has raised $50 million for its second Indonesia-focused fund, drawing on strong support from international investors such as Founders Fund
Intudo closes second Indonesia fund at $50m
Intudo Ventures has closed its second fund focused exclusively on Indonesian early-stage companies at $50 million. The firm raised $20 million for its debut vehicle last year.
Warburg Pincus backs $200m investment in Indonesia's NWP
Warburg Pincus has backed a $200 million funding round for Indonesian shopping mall developer NWP Retail.
General Atlantic seeks to leverage local presence in Indonesia
General Atlantic has opened an office in Indonesia, citing a need for an intensified local presence to leverage strong domestic growth trends in the firm’s core domains of technology, financial services, healthcare, and consumer.
Indonesia's Warung Pintar gets $27.5m Series B
Warung Pintar, an Indonesia-based smart kiosk start-up, has raised IDR390 billion ($27.5 million) in Series B funding from a group of investors including East Ventures.
East Ventures appoints new partner
East Ventures has appointed Melisa Irene (pictured) as a partner. It is the firm’s first nomination of a woman to that position.
ADB backs Creador’s Southeast Asia fund
Creador has raised $50 million for its fourth Southeast Asia and India-focused private equity fund from the Asian Development Bank (ADB).
Southeast Asia's Grab raises $150m from Yamaha
Japan’s Yamaha Motor has invested $150 million in Southeast Asia-based ride-hailing app Grab as part of a strategic partnership aimed at developing the company’s motorcycle hailing services in the region.
The crystal ball: Predictions for 2019
Industry participants share their outlooks on some of the biggest economic drivers of the day, including fast-growing sectors and shifting deal making factors across Asia’s varied markets
SoftBank, Alibaba lead $1.1b round for Indonesia's Tokopedia
SoftBank Vision Fund and Alibaba Group have joined a $1.1 billion round for Indonesian e-commerce and related online services provider Tokopedia.
Singapore's InstaRem raises $20m
Singapore-based financial technology start-up InstaRem has raised $20 million in Series C funding led by Telkom Indonesia and Thailand’s Kasikornbank.
Operational value-add: Active duty
VCs are under pressure to improve operational capacity as competition heats up in Asia’s start-up ecosystems. Methodologies filtering over from the US are finding both disciples and skeptics
PE-backed Merdeka buys stake in Indonesian gold mine
Merdeka Copper Gold, an Indonesian mining company controlled by Provident Capital and Saratoga Capital, has agreed to pay $55 million for a 66.6% stake in a domestic gold operation known as Pani.
SE Asia-focused Chinese fintech player gets $70m Series C
Akulaku, a Chinese consumer finance platform that primarily serves customers in Southeast Asia, has raised $70 million in a Series C round led by fintech company Finup Group. Sequoia Capital India, Blue Sky Venture Capital, and Qiming Venture Partners...
Deal focus: Mandaya targets shifting healthcare demand
Kendall Court backs Mandaya Medical's bid to capture the demand for quality healthcare among Indonesia's growing middle class
Warburg Pincus backs Indonesia tax compliance business
Warburg Pincus has led a $25 million Series B round of funding for OnlinePajak, an Indonesia-based company that operates an online tax reporting platform.
Kendall Court invests $55m in Indonesia hospital operator
Kendall Court has invested $55 million in Mandaya Medical, a healthcare-focused subsidiary of Indonesian conglomerate Selaras Group, via convertible preference shares.
Asia fintech: Follow the leader
China has set a compelling example for establishing a diversified and deeply penetrated digital banking industry in a developing economy. India and Southeast Asia are taking notes
Gobi launches $10m Indonesia early-stage fund
China and Southeast Asia-focused VC firm Gobi Partners has launched a $10 million fund aimed at early stage investments in Indonesia.