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Feb 20, 2024 | 
asia.nikkei.com | Gita Rossiana |Khamila Mulia |Dealstreet Asia
JAKARTA -- Indonesia's peer-to-peer (P2P) lending sector, which has seen several prominent companies plunge into crisis recently, has made retail lenders and investors wary of the model that is now being put to the test. The crisis that hit major lenders Investree, TaniFund and iGrow is likely to pull individual lenders away from the platform, leaving only institutional players to operate in the country's vast P2P lending landscape, according to multiple market observers.
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Jan 14, 2024 | 
asia.nikkei.com | Gita Rossiana |Dealstreet Asia
JAKARTA -- Indonesian companies looking to tap the public market are expected to go slow on their initial public offering plans in the early part of 2024, on account of several factors such as the upcoming presidential elections in the country and the prevailing global macroeconomic uncertainties, the high-interest rate environment and rising geopolitical tensions.
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Dec 5, 2023 | 
asia.nikkei.com | Khamila Mulia |Gita Rossiana |Dealstreet Asia
JAKARTA -- Talks between ByteDance, the Chinese owner of the popular short video app TikTok, and Tokopedia, the e-commerce division of the Indonesian tech giant GoTo, for a partnership and investment are in the final stages, DealStreetAsia has learned. A deal may be announced as soon as this week or the next.
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Nov 1, 2023 | 
asia.nikkei.com | Gita Rossiana |Dealstreet Asia
JAKARTA -- A GIC-backed Indonesian telecom tower company is seeking local partners to expand in Southeast Asia, a top executive told DealStreetAsia. Hendra Purnama, chief investment officer at Dayamitra Telekomunikasi Tbk (Mitratel), said the company has received several deal proposals but nothing has been finalized. "Many companies are approaching Mitratel," he said, "but we haven't found the ideal partner yet as none of the proposals received so far is interesting to us."
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Oct 30, 2023 | 
asia.nikkei.com | Gita Rossiana |Dealstreet Asia
JAKARTA -- Korea Investment Partners Southeast Asia (KIPSEA) has closed its first Southeast Asia venture capital (VC) fund at $60 million, according to an announcement on Monday. KIP Southeast Asia Venture Fund I has attracted investments from institutional investors across South Korea, Hong Kong and Singapore.
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Oct 19, 2023 | 
asia.nikkei.com | Gita Rossiana |Dealstreet Asia
JAKARTA -- East Ventures has launched a $30 million health care fund which is expected to be closed soon, said Willson Cuaca, founder and managing partner of the Indonesia-focused venture capital firm. The fund will invest in early-stage local startups across various sectors in health care, but the ticket size is not capped. "We won't combine the health care fund with other funds as it is unique and heavily regulated," Cuaca told media on Wednesday.
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Oct 18, 2023 | 
asia.nikkei.com | Gita Rossiana |Dealstreet Asia
JAKARTA -- Asia Pacific-focused real estate and classifieds company Digital Classifieds Group (DCG) announced on Tuesday that it has acquired property technology company Lamudi from Dubizzle Group. The acquisition includes Lamudi's businesses in Indonesia and the Philippines and is expected to allow both companies to develop a digital ecosystem for long-term and comprehensive purposes, according to a statement.
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Sep 11, 2023 | 
asia.nikkei.com | Gita Rossiana |Dealstreet Asia
JAKARTA -- Indonesian commercial electric vehicle company VKTR Mobilitas Indonesia, which is backed by conglomerate Bakrie Group, is looking to roll out vehicles from its manufacturing facility as soon as the first half of 2024 to tap the growing demand in Southeast Asia's biggest market, a top company executive told DealStreetAsia.
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Sep 5, 2023 | 
asia.nikkei.com | Gita Rossiana |Dealstreet Asia
JAKARTA -- Indonesia-based job platform Staffinc has secured fresh funding from investors including Altara Ventures, Antler and Japan's Mynavi, according to regulatory filings. The digital staffing company, formerly known as Sampingan, has secured new equity funding worth nearly $5 million as part of a Series B-1 round, show its filings with Singapore's Accounting and Corporate Regulatory Authority. Other investors that contributed to the round include Access Ventures and Golden Gate Ventures.
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Aug 8, 2023 | 
asia.nikkei.com | Gita Rossiana |Dealstreet Asia
JAKARTA -- Property listing platform Lamudi Indonesia is scouting for acquisition opportunities that can support its ecosystem as it looks to scale up and turn profitable this quarter, a top executive said. In an exclusive interaction with DealStreetAsia, Lamudi Indonesia CEO Mart Polman said that in the property tech industry, "scalability is a critical thing, as it can increase traffic and attract more developers and agents to connect with the users.
