EMTEK through its subsidiary PT KMK bough 724.30 million shares, equivalent to 0.7% of the total shares of Bukalapak. The shares were purchased at a price of Rp317 per share, bringing the transaction value to Rp229.60 billion.
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Mycotech Lab (MYCL) in May collaborated with the National Research and Innovation Agency (BRIN) and the Faculty of Fisheries of Unpad to start a new collaboration focused in sharpening the target output from the Marine Biomaterials Research Collaboration Center (PKRBK).
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Bukalapak on 1 March announced its collaboration with Trans Retail and Growtheum Capital to launch online grocery platform AlloFresh. The three entities are the major shareholders of AlloFresh; Trans Retail has a 55% stake, while Bukalapak and Growtheum own 35% and 10%, respectively.
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Indosat Ooredoo and Hutchison 3 Indonesia on 4 January, 2022 announced that they have completed their business merger after receiving all required regulatory and shareholder approvals. After the merger, the company’s name changed into Indosat Ooredoo Hutchison
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Former Bukalapak CEO Rachmat Kaimuddin has joined the Coordinating Ministry for Maritime Affairs and Investment as a special advisor for technology & sustainability development.
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Net Visi Media or generally known as NET TV recently announced its plan to hold an initial public offering (IPO) on the Indonesia Stock Exchange (IDX) on 25 January. The company holds the book building process from 27 December to 3 January.
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Minister of State-Owned Enterprises Erick Thohir last Friday (19 November) announced that President Joko Widodo will roll out an incentive called the Merah Putih Fund, a financial support targeting Indonesian digital companies
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Indonesian startups GoTo, Ula and Kopi Kenangan have secured funding from global investors, representing the investors’ confidence in the promising growth that these startups have to offer
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Love, Bonito on Wednesday (27 October) announced its latest Series C funding round of $50 million. The round was led by Primavera Capital Group, a global investment firm whose previous investments include Alibaba, ByteDance, Yum China and Mead Johnson China. Adastria and Ondine Capital also participated in the latest round.
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Reddit announced that after raising $410 million (Rp5.8 trillion), it is now valued at more than $10 billion (Rp143.7 trillion)
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Desty, a local social commerce startup, announced on 19 July that it has raised $3.2 million or Rp458 billion in its pre-Series A funding
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LVMH on Tuesday (20 July) announced that it has agreed to purchase a 60% stake in Off-White. Off-White founder and CEO Virgil Abloh will retain a 40% ownership in the company
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The critically acclaimed fashion designer Phoebe Philo on 13 July via Instagram announced her return to the fashion scene next year
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Digital-native beauty company Glossier Inc. last week announced its success in raising $80 million in Series E funding
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Emtek, parent company of Surya Citra Televisi (SCTV), in June injected $210 million or Rp3.09 trillion worth of capital to Grab
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AirAsia has finalised the deal to acquire Gojek’s business in Thailand. The airline will acquire Gojek's business in return for $50 million worth of shares in AirAsia SuperApp
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Luxury fashion conglomerate LVMH Moët Hennessy Louis Vuitton plans to build a new research centre in Saclay, France
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The Australian government recently pledged investment of more than $380 million for the national fashion industry
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