Startup
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500 Startups to target 100 Indonesian startups with latest Durian Funds II
500 Startups appoints Malaysian actor Ashraf Sinclair, who has been working and residing in Indonesia as a new venture partner.
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Microfinance lender MFIL adds on US$1 million debt from Maybank
MFIL will use the proceeds from the US$1 million equivalent loan to expand its business and loan portfolio.
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Cashback site Dealcha! secures seed investment from 500 TuksTuks and others to accelerate growth
Despite global popularity, the cashback model has yet to take off in Thailand.
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IFC to invest US$10.2 million in Vietnam agribusiness PAN Farm
IFC’s investments in PAN Farm will support its expansion of seed production and new export of flower and vegetable operations.
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Kresna-backed M Cash Integrasi plans year-end IPO for business expansion
Last month, Kresna had acquired a 17.6 percent stake in digital kiosk firm M Cash Integrasi.
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Media startup Boombastis raises pre-Series A funding from Unistellar
Boombastis plans to introduce “a new kind of news”.
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Indonesia’s pastry shop chain, The Harvest secures eight-digit investment from Falcon House Partners
The Falcon House Partners typically invest in the US$15 to US$20 million range.
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Digital payments firm ONGO to boost Myanmar’s cashless transactions
National Bank of Canada has acquired 22 percent of the company’s shareholding last week.
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Rework opens second coworking space in Kuningan, South Jakarta
Rework is also launching a mobile app that will complement the whole coworking experience.
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Japanese job-matching platform for science students, LabBase secures US$425K seed funding
The capital raised will be used to strengthen the platform’s system development process.
