Singapore-based VC firm East Ventures has launched a $30 million investment fund. This is the sixth fund launched by the VC firm. The fund will look for Seed to Series A technology startups in Southeast Asia. It will focus on Indonesia to leverage on the fund's local expertise.
In the first eight months of 2017, Indonesian startups collectively raised $3 billion in 53 investment deals, as per a report by Google and management consulting firm AT Kearney. According to the study, titled "Indonesia Venture Capital Outlook 2017", investment in the country's startup market jumped 68 times in the last five years to around $1.4 billion in 2016.
VC funding activity in the Indonesian startup market slowed in the first half of 2017, many local VCs observed, noting a ‘significant’ decrement in the number of investable startups. As Indonesian VCs evolve, and after seeing a growing number of their portfolio companies shutting down, they are now beginning to realize that growth isn’t everything. Here's why.
Rahul Mehta, managing partner at DST Global, discusses how he leads the firm's efforts in the U.S., Indonesia and India, how he transitioned from tech investment banking to one of the leading growth funds and how to assess competitive barriers to entry.
<span style="font-size: 13px;">It has been an eventful week, and it's easy to fall behind. Here are the 10 most important reads of the week.</span>
Tim Draper is a billionaire investor and founder of VC firm Draper Fisher Jurvetson. Draper sees opportunities in Indonesia, especially with bitcoin and blockchain technology, as entrepreneurs take advantage of a lack of modern banking infrastructure to build their own.
Mizuho Financial Group will set up an US$252 million (28 billion Japanese yen) investment fund early this summer to invest in small- and medium-sized companies in Southeast Asia. The fund is targeting businesses in countries such as Viet Nam, Indonesia and Malaysia. Each selected SME will receive around $9 million (1 billion yen).
<p>Coal India Ltd is actively looking to acquire coking coal assets in Australia, a senior company official told Reuters, as the country looks to beef up its foreign coal assets.</p> <p>The state-controlled company, which in January also listed the United States, Columbia, Canada and Indonesia as target destinations for investment, is currently zeroing in on Australia and South Africa, the Coal India official said.</p> <p>The world's top coal miner is looking at investing in coking coal assets in Australia "a little more actively," the official said.</p> <p>India's coal minister Piyush Goyal said in February the company planned to acquire coking coal assets abroad as India lacked technology to economically develop local reserves, and that a rise in coking coal prices was encouraging for foreign acquisitions.</p>
Port disruptions in Indonesia and a cyclone hitting mines in Australia have tightened Asia’s coal markets in March, while demand in China and other key import markets remains strong, lifting prices. Prompt thermal coal cargo prices for export from Australia’s Newcastle port have risen by more than 11 percent since March 10, partly reversing a ...
Uber may have a reputation for steamrolling its competitors, but it can be conciliatory at times. In 2015, a year before its retreat from China via the sale of its Chinese business to rival Didi, the U.S. company agreed to a non-compete deal with Go-Jek, a fast-growing on-demand service from Indonesia that’s valued at over $1 billion, TechCrunch has learned.