“We’re burning money,” Lippo Group founder Mochtar Riady, selling 70 per cent stake in the omnipresent e-wallet OVO

Digital financial services firm Visionet International’s (OVO’s)...


Indonesia’s fifth unicorn startup is OVO

Finance Asia stated that the valuation of OVO has reached US$2.9 billion or more...


MatahariMall denies shut down reports, says synergising services with Matahari Department Store

Like MatahariMall, Matahari Department Store is an offline retail giant that is...


Tokopedia, OVO team up to offer the payment service on the e-commerce platform

OVO explained that its partnership with Tokopedia is part of its three-prong...


Today’s top tech news, Oct 2: Lippo Group, ObEN launch Pacific Blockchain Research Institute

Tinder swipes right for Indonesian market, SoftBank Vision Fund eyes Zuoyebang,...


Venturra Capital launches seed investment arm Venturra Discovery, armed with US$15M fund

Venturra Discovery aims to fill in the new gap in Indonesian and Southeast Asian...


Startup generator Antler debuts in Asia with a US$3M seed funding round

Co-founded by the likes of Zalora’s Magnus Grimeland, Antler aims to...


MatahariMall raises US$16M from offline Lippo Group cousin: DSA

The deal increases Matahari Department Stores’ stake in MatahariMall to 16...


Cynthia Siantar leaves her position as co-founder and director of Call Levels

Announcing her departure on Facebook, Siantar did not share details about why...


Grab opens R&D centre in Indonesia, reveals more details about Kudo partnership

Earlier this year, Grab launched its US$700 million master plan for the...