Indonesia
Deal focus: Grab thinks local in Indonesia
Grab will invest $700 million in Indonesia over four years with a view to developing more localized solutions that support the development of its core ride-hailing business as well as promote financial inclusion
Ride-hailing app Grab launches $100m Indonesia VC fund
Southeast Asian ride-hailing app operator Grab has created a $100 million fund to invest in Indonesian start-ups as part of its expansion plan in the country.
Indonesia's BCA launches fintech investment unit
Indonesia’s Bank Central Asia (BCA) has launched a venture capital investment arm that will focus on financial technology.
VIDEO: Khailee Ng, 500 Startups
Khailee Ng, managing partner at 500 Startups, discusses the development of venture capital in Southeast Asia
AVCJ Awards 2016: Deal of the Year - Late Stage Tech: Go-Jek
As an early-mover in Indonesia’s online-to-offline space, Go-Jek has built up a presence in 14 verticals. Its Series D round is intended to help consolidate this dominant position
Creador closes Fund III at $415m
Creador has reached a final close of $415 million on its third Southeast Asia and India-focused fund, short of the original $450 million target.
Q&A: Värde's George Hicks
George Hicks, CEO and CIO of global credit investor Värde, on looking beyond big default cycles, taking advantage of bank retrenchment opportunities, and the importance of building strong local teams
GIC to invest $261m in Indonesian cinema operator
GIC, Singapore’s sovereign wealth fund, has committed to invest up to IDR3.5 trillion ($261 million) in Indonesian cinema operator Nusantara Sejahtera Raya (NSR).
Fund focus: Falcon House shows its staying power
Falcon House Capital comfortably beat the target for its second Indonesia-focused fund, raising $400 million for deployment in middle-market consumer sector businesses
Falcon House closes second Indonesia fund at $400m
Falcon House Partners has closed its second Indonesia-focused fund at the hard cap of $400 million, buoyed by continued optimism about the rise of domestic consumption and a favorable response to the Widodo administration’s policies.
Asia PE and upstream energy: Under the pump
Although a low oil price environment has created interesting inroads for PE investors seeking exposure to Asia’s growing energy consumption story, challenges of timing and targeting have slowed uptake
General Atlantic backs Indonesia lifestyle retailer
General Atlantic has invested about IDR1.1 trillion ($80.5 million) in a food and beverage unit of diversified Indonesian lifestyle products retailer Mitra Adiperkasa (MAP).
Tech & government: Living laboratories
As governments of Southeast Asia’s emerging economies look to create more workable VC policy environments, start-ups and investors have proliferated across a patchwork of imperfect systems
Q&A: Go-Jek's Nadiem Makarim
Three months on from a $550 million Series D round of funding, Nadiem Makarim, founder and CEO of Indonesia-based ride-hailing and delivery platform Go-Jek, discusses where he sees the market heading
Northstar backs SE Asia business accommodation supplier
Northstar Group has taken what is understood to be a minority stake in MG Group – a Southeast Asian “bedbank” that supplies hotel rooms to travel agents, wholesalers, aggregators and tour operators – for an undisclosed sum.
Indonesia's Convergence Ventures closes $30m tech fund
Convergence Ventures, an early-stage VC firm based in Indonesia, has reached a final close of $30 million on its debut fund.
IFC commits $11m to Indonesian gas producer's IPO
The International Finance Corporation (IFC) has invested $11 million in Indonesia-based Aneka Gas Industri as part of the gas production company’s domestic IPO.
PE-backed Go-Jek acquires India home healthcare start-up
Go-Jek, an Indonesian mobile ride-hailing and delivery platform backed by several PE investors, has bought Bangalore-based online home healthcare services platform Pianta, its third acquisition in India.
Pierfront commits $25 million to Indonesia mine operator
Singapore-based alternative credit investor Pierfront Capital has committed $25 million to Merdeka Copper Gold, an Indonesia-based operator of copper and gold mines backed by Saratoga Capital and Provident Capital.
Equis targets $500m in Indonesia renewables projects
Equis has signed a wind power offtake deal with an Indonesian electricity supplier as part of a $500 million renewable energy project package.
Deal focus: HaloDoc targets healthcare access
A spin-out from domestic pharmaceutical players Mensa Group, Indonesian healthcare services app HaloDoc wants to make medication and doctor consultations more accessible to the masses
Indonesia healthcare services app gets $11m Series A
Clermont Group, a Singapore-based private investment firm led by billionaire Richard Chandler, has led a Series A round worth $11 million for Indonesian healthcare services app HaloDoc.
Deal focus: HappyFresh prepares shopping list
Buyoed by a Series B round, Southeast Asian online grocery delivery business HappyFresh is refocusing on core markets with a view to deepening its sourcing relationships with major supermarkets
Southeast Asia's HappyFresh gets Series B
HappyFresh, a Southeast Asian online grocery delivery platform, has raised a Series B funding round led by Dubai-based private equity firm Samena Capital.