As Indonesia’s tech unicorns race toward their IPOs, state-owned firms are looking to cash in.

Grab reportedly bought a 4% stake in Indonesia’s conglomerate Emtek, which has strategic interests in e-commerce and payments.

Shipper is the latest logistics startup to receive tens of millions in investment this year.

The deal is expected to close this month, with Gojek taking a 60% stake in GoTo.

Bukalapak has reportedly hired Bank Mandiri’s securities arm to seek a merger with a US-based blank-check company.

In just 12 months, Shopee has reduced its additional package fee for couriers four times, now down to a mere USD 0.10 per package.

Unfazed by the competition, Bhasin said the company’s auto sector is the most-visited auto classifieds platform in the region.

The new facility adds to the long list of global companies building digital infrastructure in Indonesia.