Gita Rossiana
Stories by Gita Rossiana
[Updated] Rodamas Group said to have invested up to $20m in Indonesian health food brand Flimty
With the deal, the Indonesian conglomerate is likely to have acquired Flimty.
Indonesian proptech startup Jendela raises capital
Skystar Capital, OCBC Ventura and Reazon Holdings invested in the round.
XL Axiata, Smartfren said to have appointed underwriters for $3.45b telecom merger
Smartfren may have appointed CIMB, while XL Axiata may rope in Citigroup.
Indonesia’s PINTAR forays into vocational education with three acquisitions
There is a high demand for Indonesian vocational students in East European countries.
GIC said to eye full exit from Indonesian palm oil producer Triputra Agro
As of May 2024, GIC held a 7.37% stake in Triputra Agro, down from 14.9% earlier.
Telkom-backed Mitratel studying Indosat’s fibre assets deal
As the deal involves multiple assets, Mitratel is exploring a consortium approach.
CVC Capital Partners picks up majority stake in Indonesia’s Siloam Hospitals
DealStreetAsia first reported the development in May.
Indonesian cab operator Blue Bird may offer a ride to new investors
The company is currently focusing on ramping up both the taxi and non-taxi businesses.
Indonesian e-commerce firm Bukalapak swings to loss in Q2 2024
Revenue increased marginally to 1.24 trillion rupiah in Q2 2024 from 1.17 trillion rupiah in Q2 2023.
EBITDA breakeven is within GoTo’s reach but hurdles remain
The company has streamlined expenses but competition is a worry.
