Majoo Bags US$10 Mln Funding from Local and Global Investors

Majoo, a startup engaged in digitizing micro, small and medium enterprises (MSMEs), raised US$10 million in funding from undisclosed equity investors from London, BRI Ventures, AC Ventures, Quona Capita, and Xendit.

Corporate Actions Round-Up August 16, 2022

PT Saratoga Investama Tbk (SRTG) expanded into the data center business through its subsidiary, AtriaDC. The new unit will complement the company's portfolio in the technology infrastructure sector.

Corporate Actions Round-Up August 15, 2022

Indonesia Stock Exchange (IDX) still has a long list of companies in its Initial public offering (IPO) pipelines, including PT Black Diamond Resources Tbk, a coal mining company that plans to hold an IPO this year.

Sinar Mas' Entities to Strengthen Digital Ecosystem in DANA

Sinar Mas Group invested in the DANA digital wallet through its three entities, PT Dian Swastatika Sentosa Tbk (DSSA), PT Sinar Mas Multi Artha Tbk (SMMA), and PT Bumi Serpong Damai Tbk (BSDE), as a strategy to strengthen the digital ecosystem.

Corporate Actions Round-Up August 12, 2022

Astra Group will develop PT Bank Jasa Jakarta (BJJ) into a digital bank focusing on the retail customer segment. BJJ will connect to the Astra Financial ecosystem, which manages 12 business entities.

Diri Care, New Player in Health Tech Business

Startup Diri Care raised US$4.3 million in pre-seed funding from East Ventures and Sequoia Capital India. The startup was founded by former Traveloka executives, financial professionals, and beauty doctors.

GoTo to Accelerate Ecosystem Service Integration

PT GoTo Gojek Tokopedia Tbk (GOTO) has integrated online food delivery service GoFood into the Tokopedia app. This is the second integration after Gopay becomes the primary payment service on Tokopedia.