The US$200 million fund will be aimed at Southeast Asian innovation and tech-related companies.
The investment, if it comes through cements Indonesia as a hot startup destination, with other strong startups to benefit more than rest of the pack.
Payment solutions startup Omise said it has secured US$17.5 million in Series B funding, bringing the total amount it has raised to more than US$25 million since its June 2013 launch.
Unicorns are rare in South-East Asia because of the region’s various levels of complexity, according to panellists at the Wild Digital Conference in KL.
In the middle of the battleground between startups and traditional companies, there is space for collaboration – if both parties can stop looking at each other as threats, that is.
Indonesian e-commerce startup MoxyBilna, formed from a merger between Moxy and Bilna, said it has completed a US$15-million round of financing and has rebranded under the name Orami.
Akan digunakan untuk ekspansi pasar di Asia Tenggara Ada penambahan fitur video dan perangkat analitik
Jakarta-based online grocery company HappyFresh said it has completed a Series A funding round led by Vertex Ventures, the venture arm of Singapore’s Temasek Holdings, and Sinar Mas Digital Ventures, the venture arm of Sinar Mas Group of Indonesia.