Indonesia
Archipelago backs Indonesian chemicals producer
Archipelago Capital Partners, a Southeast Asia-focused private equity firm established by three partners who previously worked together at McKinsey & Company, has made its first investment in Indonesia with the acquisition of Timuraya Tunggal.
Indonesia fintech platform raises $24m Series B
Sequoia Capital India has led a $24 million Series B round for Moka, a developer of cloud-based point-of-sale (POS) systems based in Jakarta.
Southeast Asia VC: Partner propositions
Strategic investors, particularly from China, are playing a growing role in Southeast Asia’s technology scene. Venture capital investors in the region hope their portfolio companies can benefit from the rising tide
Finch secures 2.7x return on Indonesia's Cermati
Early-stage technology investor Finch Capital has sold its minority stake in Indonesian financial technology developer Cermati to local conglomerate The Djarum Group, realizing a 2.7x return on capital in its first exit in Indonesia.
Grab Ventures to invest $250m in Indonesian start-ups
Grab Ventures, the VC arm of ride-hailing app operator Grab, has committed IDR3 trillion ($250 million) to a program that will invest in Indonesian start-ups.
Deal focus: EMR spins golden returns from Martabe
EMR Capital has secured a $1.2 billion exit from Indonesia's Martabe gold and silver mine to strategic player United Tractors
EMR consortium exits Indonesia's Martabe to strategic player
EMR Capital, Farallon Capital, and other investors have agreed to sell their stake in Indonesia’s Martabe gold and silver mine to United Tractors, an Indonesia-listed mining business owned by global conglomerate Jardine Matheson Holdings.
Singapore's C88 gets $28m Series C round
Data and financial services company Experian has led a group of investors, including Monk’s Hill Ventures and Telstra Ventures, in a $28 million Series C round for Singapore’s C88 Financial Technologies.
Square Peg leads $30m Series B for Indonesia's FinAccel
Square Peg Capital has led a $30 million Series B round for Indonesian financial technology start-up FinAccel to support its national and regional expansion.
SE Asian corporates eye PE collaborations – AVCJ Forum
Private equity firms present attractive partnership opportunities for corporate investors in Southeast Asia as both public and private companies seek to augment their existing strengths and fuel growth strategies.
IFC plans $273m Southeast Asia distress JV
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a partnership with Philippines-based Altus Capital to invest up to $272.5 million in distressed assets in Southeast Asia.
KKR buys Unilever Indonesia's spreads business
KKR has agreed to acquire a controlling stake in a division of consumer goods company Unilever Indonesia that focuses on food spreads such as butter and cooking oil for about IDR2.9 trillion ($210 million).
SoftBank co-leads $20m round for Indonesia's EV Hive
SoftBank Ventures Korea (SBVK) has co-led a $20 million Series A round for EV Hive, an Indonesian co-working space operator that spun out from East Ventures last year, alongside H&CK Partners and Tigris Investment, both of which are also based in South...
CVC-backed Indonesian sports retailer targets $94m IPO
MAP Aktif Adiperkasa, an Indonesian sports retailer that counts CVC Capital Partners as a minority shareholder, is planning to raise up to IDR1.32 trillion ($94 million) through a domestic IPO.
Carlyle hires two Southeast Asia dealmakers
The Carlyle Group has hired Robby Winarta as a managing director for Indonesia and Long Hoang as a director for Vietnam.
Indonesia VC: Levels of comfort
For all the fervor about technology opportunities in Indonesia, independent local VC firms are thin on the ground. Traditional LPs want to see more evidence of performance before getting involved
Corporates embrace VC to understand disruption - AVCJ Forum
Southeast Asian corporates are becoming increasingly involved in technology investment as they seek to understand how their traditional businesses might be disrupted, executives told the AVCJ Indonesia Forum.
VCs should favor originality in SE Asia start-ups - AVCJ Forum
International venture capital firms are misguided in their attempts to find established parallels for Southeast Asian businesses in other markets because they could end up missing out on true innovation, industry participants told the AVCJ Indonesia Forum....
PE investment in Indonesia infra set to increase
Indonesia appears set to see more private equity investment in its growing infrastructure space as an early phase of government-dominated investment transitions into a more complex financing environment.
China-Indonesia VC: Biding their time
Investments by China's tech giants becoming more prominent in Indonesia's tech space, but Chinese VC investors continue to tread cautiously in the country for the most part
Q&A: 500 Startups' Khailee Ng
Khailee Ng, a managing partner with 500 Startups in Southeast Asia, discusses the rising demand for start-up exposure in Indonesia, the prospects for the country’s four unicorns, and exit opportunities
Indonesia tech IPOs: Fringe benefits
The Indonesia Stock Exchange has seen the first IPOs of domestic tech start-ups in Kioson and M Cash. The appeal of these listings may lie chiefly on the non-financial side
VCs invest $12m in US, Southeast Asia-based Element
A number of Asian VCs including MDI Ventures, a unit of Telkom Indonesia, have joined a $12 million Series A round for Element, a biometrics technology developer based in New York, Jakarta, and Singapore.
Allianz invests $35m in Indonesia's Go-Jek
Germany-based financial services giant Allianz Group has confirmed a $35 million investment in Indonesian ride-hailing and delivery platform operator Go-Jek.