StreetCred hopes super apps battling for dominance in Indonesia will find its data equally valuable.

The post Gojek-Grab battle in Indonesia opens way for US mapping startup appeared first on DealStreetAsia.

A big challenge for Salim Group and its investment ambitions could be its transition to a new generation.

The post Why Salim Group is no underdog in Indonesia’s startup scene appeared first on DealStreetAsia.

Many startups are scrambling to cut costs - slicing payrolls and the wages of those still on the job. 

The post Southeast Asian startups tighten purse-strings as coronavirus hits revenue appeared first on DealStreetAsia.

The three firms are working with FB to apply for regulatory approval to launch the service in the country.

The post Facebook in talks with GoPay, OVO, LinkAja for mobile payments launch appeared first on DealStreetAsia.

HC Surgical will enter into a separate agreement to buy the remaining stake in GMHES at a later stage.

The post SE Asia Digest: Gojek completes Moka deal; HC Surgical to pick 51% in GMH appeared first on DealStreetAsia.

The purchase price values Permata at 1.63 times its book value as of March 31, down from 1.77.

The post StanChart, Astra agree to reduced sale price for stake in Bank Permata appeared first on DealStreetAsia.

The VC, however, has shelved its plans to launch its next fund that was slated to invest in B2B, among others.

The post Indonesian VC Everhaus backs goKampus, ReCharge; plans evergreen fund appeared first on DealStreetAsia.

The firm's portfolio companies in SEA include Grab, Berry Kitchen, and goKampus, among others.

The post Silicon Valley-based Sovereign’s Capital closes $60m fund for SEA push appeared first on DealStreetAsia.

The first close represents one-third of the fund’s $800-million target.

The post PE firm Northstar makes first close of Indonesia-focused fifth fund appeared first on DealStreetAsia.

The number of deals touched 146 in the first quarter this year, compared to 127 in the same period last year.

The post Southeast Asia’s startups raised $2.9b in Jan-March, up 3% from Q1 last year appeared first on DealStreetAsia.

The funding will also be used to support MSMEs through restructuring options.

The post Indonesia’s P2P lender Modalku raises $40m in Series C round appeared first on DealStreetAsia.

RedDoorz said it was unable to fulfil its commitments on its contracts due to COVID-19 outbreak

The post [Updated] Hotel operator RedDoorz declares force majeure in Indonesia appeared first on DealStreetAsia.

Akulaku and Mintos are said to have reached an agreement on a restructured repayments schedule.

The post [Updated] Global P2P platform Mintos suspends Indonesia’s Akulaku over late payments appeared first on DealStreetAsia.

Prior to the pandemic, Stoqo was in the process of raising a fresh round to expand its business.

The post Indonesian culinary supply startup STOQO said to have shut down ops amid COVID-19 pressure appeared first on DealStreetAsia.

This brings the total funding of the company to $6 million to date.

The post Indonesian vitamin-maker YOU bags fresh funding from DSG Consumer, others appeared first on DealStreetAsia.

The Series A round has brought 360VUZ’s total funding amount to $7 million.

The post Asia Digest: Shorooq backs 360VUZ; Amartha CEO steps down appeared first on DealStreetAsia.

MassMutual Ventures SEA, MDI Ventures and Central Capital Ventura also joined the round.

The post SE Asian insurtech startup Qoala raises $13.5m led by Centauri Fund appeared first on DealStreetAsia.

The plan does not so far include insurers Jiwasraya and Asabri that have been rocked by management scandals.

The post Indonesia seeks to shore up public trust with insurer consolidation appeared first on DealStreetAsia.

CCOF has made an equity investment in Mumbai-based Lucro and extended debt to Indonesia'sTridi Oasis.

The post Circulate Capital invests $6m in plastic recycling players in India, Indonesia appeared first on DealStreetAsia.

The omnibus bill on job creation limits increases in the minimum wage and eases conditions for firing employees.

The post Indonesia halts job creation bill targeting foreign investment appeared first on DealStreetAsia.

Small companies account for more than half of Indonesia's gross domestic product and provide many jobs in the country of more than 260 million people.

The post Indonesia to subsidise interest payments for virus-hit smaller firms appeared first on DealStreetAsia.

BukuKas has raised a seed funding round led by Sequoia Capital India through its startup programme Surge.

The post Indonesia Digest: East Ventures raises $609k for COVID-19 test kits; BukuKas bags seed funding appeared first on DealStreetAsia.

Investors have shifted their focus and energy to stabilising their existing investment portfolio.

The post Education deals in SEA put on the back burner amid virus crisis appeared first on DealStreetAsia.

A hacker has offered the details of its 91 million users for "$5,000 on the Darknet".

The post Tokopedia says investigating alleged data leak of 91m users appeared first on DealStreetAsia.

BFI Finance is 45.7% owned by a consortium comprising private equity firms TPG and Northstar Group.

The post Italy’s Compass Banca drops plan to buy stake in Indonesia’s BFI Finance appeared first on DealStreetAsia.

Existing backer Wavemaker Partners also participated in the funding round.

The post Indonesia’s GudangAda snags $25.4m led by Sequoia, Alpha JWC appeared first on DealStreetAsia.

MNC as well as Link Net’s shareholders could not reach an agreement by the end of April 2020.

The post Indonesia’s MNC Vision drops plans to acquire CVC-backed Link Net appeared first on DealStreetAsia.

SEA recorded a 54 per cent jump in online sales year-on-year between Jan 13 and April 5.

The post Grocery, food startups gain as online demand soars amid pandemic appeared first on DealStreetAsia.

Pasarpolis raised a Series A funding round from unicorns, Gojek, Traveloka and Tokopedia, in 2018.

The post IFC proposes $5m equity investment in Indonesian insurtech Pasarpolis appeared first on DealStreetAsia.

The decision to completely shut down its operations comes after significant downsizing by the company.

The post Traveloka-affiliated hotel startup Airy to shut down business amid virus pressure appeared first on DealStreetAsia.

There are several logistics deals in the pipeline that would likely be closed as early as by June.

The post Indonesia’s B2C logistics startups see deal traction as demand soars for last-mile services appeared first on DealStreetAsia.

Cashlez will use the IPO proceeds to purchase a 61.31 per cent stake in IT solution provider Softorb Technology Indonesia (STI).

The post SEA digest: Indonesia’s Cashlez raises $5.8m in IPO; KB Kookmin Card to buy Thai firm appeared first on DealStreetAsia.

Currently, banks are offering an extra line of credit of 10 per cent based on working capital limits, which the government intends to increase further.

Ross Brawn has admitted that his Mercedes team simply wasn't quick enough in Bahrain, after its drivers Nico Rosberg and Michael Schumacher finished fifth and sixth

McLaren team principal Martin Whitmarsh believes Formula One should consider immediate rule changes to spice up the racing, after the Bahrain Grand Prix proved the new regulations had done very little to ease overtaking

Jenson Button has admitted he took it too easy at the start of the Bahrain Grand Prix and could have got more out of his tyres in the early stages

After all the pre-season expectation, the press wasted no time in slamming the new regulations which reduced the Bahrain Grand Prix to something of a procession

Red Bull has revealed that the problem that cost Sebastian Vettel near certain victory at the Bahrain Grand Prix was in fact due to a faulty spark plug rather than a cracked exhaust

several senior figures in the leading teams have raised their own concerns over the new rules in the aftermath of the Bahrain Grand Prix.

Karun Chandhok apologised to his HRT team after his debut grand prix in Bahrain lasted a little over two-and-a-half minutes

Lotus' Tony Fernandes could not contain his delight after witnessing his team's Formula One re-birth 16 years after Lotus last competed in the sport

Lotus' Tony Fernandes could not contain his delight after witnessing his team's Formula One re-birth 16 years after Lotus last competed in the sport

Renault technical director James Allison says the French team is capable of scoring points in every race of the season after Robert Kubica finished just outside the top 10 in Bahrain

A meeting of the F1 teams association FOTA is expected to discuss the fallout from what is widely considered a boring start to the 2010 season in Bahrain

David Coulthard has pointed his finger at former FIA president Max Mosley after Sunday's processional start to the 2010 season in Bahrain

Red Bull's Christian Horner admitted the mechanical failure which cost Sebastian Vettel a likely win at the Bahrain Grand Prix was "very frustrating" but said overall he was happy

Mercedes GP managing director Nick Fry says Jenson Button will spend the next two weeks wondering what he has to do to beat team-mate Lewis Hamilton

Red Bull Racing driver Mark confessed himself "shocked" by the lack of overtaking at the season's opening Bahrain Grand Prix

Ferrari is going to address the cooling on the F10 in time for the next race, after it emerged Felipe Massa backed off towards the end of the race to preserve his engine

Mercedes CEO Nick Fry has no concerns about the performance of Michael Schumacher at the season-opening Bahrain Grand Prix