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Indonesian Intudo Ventures Closed Maiden Venture Capital Fund, at over $10M

Intudo Ventures, a Jakarta, Indonesia-based venture capital firm, closed its maiden fund, at over US$10m. Limited partners in Intudo Ventures I, LP, include founding general partners at...

Taralite Raises US$6.3M in Funding

Taralite, a Jakarta, Indonesia-based P2P lending platform, raised US$6.3M in funding. SBI Group made the investment. The company intends to use the funds to build...

Itemku Raises US$1.2M in Funding

Five Jack, a South Korea and Indonesia-based company that operates an e-commerce game platform called itemku for gamers in Indonesia, raised US$1.2m in funding....

Grab to Acquire Indonesian O2O Ecommerce Platform Kudo

Grab, a ride-hailing and mobile payments platform in Southeast Asia, is to acquire Kudo, a O2O (online to offline) ecommerce platform in Indonesia. The...

Indonesia, Grab Launches $100m Social Impact Fund

Under its "Grab 4 Indonesia" 2020 master plan, Southeast Asian ride-hailing platform Grab will launch a social impact investment fund. The ‘Grab 4 Indonesia’...

Indonesian PT Bank Central Asia Establishes $15M Fintech Venture Capital Fund

Indonesian PT Bank Central Asia Tbk (BCA) along with PT BCA Finance has established a venture capital firm. PT Central Capital Ventura is a...

East Ventures Closes Early Stage Venture Capital Fund, at $27.5M

East Ventures, a South East Asia-based early stage venture capital firm, closed its fifth fund, at $27.5m. Led by Managing Partner Willson Cuaca, the...

500 Startups Launches $50M Second VC Fund for Southeast Asia

Global early stage venture capital firm 500 Startups has launched its second fund, 500 Durians II for Southeast Asia. According to a regulatory form filed...

HR Management Company Gadjian Raises Seed Funding

Gadjian, a Jakarta, Indonesia-based HR management startup, raised a funding round of undisclosed amount. The investment was led by vc firm Golden Gate Ventures...

Cashtree Raises US$4M in Series A Funding

Cashtree, an Indonesian startup that offers a mobile lock screen advertising service, raised US$4m in Series A funding. Backers included Korea Investment Partner and...

Indonesian Fashion & Beauty App Lyke Raises $4M in Series A Funding

Lyke, a Jakarta, Indonesia-based fashion & beauty app, raised close to $4m in Series A venture capital funding. The round was led by Holtzbrinck Ventures,...

Tokopedia Raises $147M in Funding

Tokopedia, an Indonesian C2C marketplace, reportedly raised $147m in funding.  The round brought total funding to $247.7m to date. The backers were not disclosed. Co-founded in February...

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