Analysis
The acquisition will allow Mekari to expand its services beyond HR, finance, and taxation management.
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Indonesian SaaS startup Mekari restructures ownership, buys local commerce platform
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Olam to shut down Jiva Ag amid “difficult market conditions”
CIP, PetroVietnam to develop offshore wind project in Vietnam
After years of breakneck growth, chains are now focusing on profitability.
Deals
The P2P lender has rebranded as Amartha Financial Group.
Danantara aims to raise 50 trillion rupiah from Patriot Bonds by October.
ObvioHealth has secured a total of $47.8m in capital through a debt-equity conversion
There are only 96 registered P2P platforms in Indonesia today, compared with 164 in 2019.
People
An estimated 1,070 employees have been laid off since the Tokopedia–TikTok Shop merger in Jan 2024.
Venture Capital
Existing backers Vertex Ventures Southeast Asia & India and East Ventures.
Financial reports, funding updates, LP-GP news, and more in our weekly recap.
Kendall Court had invested $55m for a majority stake in MMI in 2018.
