Gita Rossiana
Stories by Gita Rossiana
Indonesian unicorn Xendit looks to acquire Bank Sahabat Sampoerna: report
Bank Sahabat Sampoerna has to add around 900b rupiah to meet OJK's minimum capital requirements.
GoTo commissioner Garibaldi Thohir invests $4.87m in Indonesian express delivery firm AnterAja
Following the investment, Thohir will own a 10% stake in the firm.
Bukalapak’s 2021 losses widen to $116.7m despite higher revenues
Sales and marketing expenses increased 8% to 1.6 trillion rupiah in 2021 — a figure close to its revenue.
Indonesian unicorn Xendit to acquire two local multi-finance firms
Xendit will acquire the entity formed by the merger of GMF and EMAS.
FinAccel picks up 75% stake in Indonesia’s Bank Bisnis for $132.2m
FinAccel had previously held a 40% stake in Bank Bisnis.
Indonesian tech giant GoTo shares fall 3.14% on second trading day
Its shares fell 3.14% to close at 370 rupiah after dropping as low as 5.75% earlier during the day.
Tokopedia investor ZWC Partners sees robust returns as GoTo shares rise on listing day
GoTo rose over 13% at the end of its first day of trading on IDX on Monday.
Indonesia’s Bakrie Group sets up venture capital arm for startup investments
As of Dec 2021, the fund has deployed over $10 million across five companies.
After $1.1b IPO, GoTo’s next big test will be its IDX listing on Monday
Bukalapak has lost 66% of its m-cap. Will it be different for GoTo?
Focus may shift to sharia lenders as competition heats up in Indonesian digital banking
Non-sharia digital banks have become expensive M&A targets.
