Cindy Silviana
Stories by Cindy Silviana
Ride-hailing giant Grab set to invest in Indonesia’s wealth tech firm Bareksa
Bareksa earlier raised capital from OVO in 2020.
Indonesian wealth tech firm Stockbit to acquire its partner Mahakarya Artha Sekuritas
The securities firm will be renamed as Stockbit Sekuritas.
Singapore-based SUN Energy raises $25m in Series A funding round
The financing values the solar energy firm at $200 million.
More Indonesian fintechs enter the fray to invest in local banks as OJK deadline looms
Commercial banks must have a minimum capital of Rp2 trillion by end-2021.
Indonesian unicorn Ajaib buys 24% stake in Bank Bumi Arta for $52m
PT Surya Husada Investment, PT Dana Graha Agung, and PT Budiman Kencana Lestari sold shares in the deal.
Northstar likely to close fifth fund at $600m, 25% short of original target
The PE firm had closed its fourth fund at $810 million in 2015.
Indonesian coffee chain Kopi Kenangan may hit unicorn status with Falcon Edge-led round
The company is learnt to be raising about $100m in its Series C round.
IFC proposes $50m loan to China’s Brightgene to aid its Indonesia expansion plan
Brightene established its presence in Indonesia in 2018.
A $2.27b haul so far but Indonesia’s blockbuster IPO year is far from over
Another 28 companies are looking to raise about $2.2 billion by the end of this year.
Thai major SCG’s VC unit AddVentures eyes later-stage bets, to increase ticket size
AddVentures is looking at investing up to $10 million per investment.
