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The two funds mark the firm’s continuing focus on early-stage companies in a market where investments are increasingly skewing towards late-stage startups to avoid risks. 

The move surprised investment bankers as WeWork, which bears similarities with Ucommune, shelved its IPO plans not long ago.

Topica has been a leading name in Southeast Asia’s edtech sector.

The competition among video streaming platforms in Indonesia could trigger M&As, price wars, and an increase in local original content.

The fresh cash will be used to expand the company’s virtual banking service and financial technologies.

Head-on competition from a deep-pocketed rival could be a headache for the still loss-making startup.

With 14 unicorns in a region that has undergone fundamental digital transformation, will the magic carry on in the next decade?

Next year, the firm plans to expand its lending services in an effort to become a “super lending” platform.

After working in several US tech companies, Dian Rosanti is now helping develop Gojek’s ecosystem.

Indonesia will be a priority market for the fund.