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Restock Tech: Fueling MSME growth in Indonesia - holding for Restock id & Revota

Restock Tech: Fueling MSME growth in Indonesia - holding for Restock id & Revota
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Horizons Ventures leads IMG s Series B investment round along with HH-CTBC Partnership, L P (Foxconn Co-GP Fund) and Indika Energy as the largest investors

PT Ilectra Motor Group (IMG or ALVA) with its brand ALVA has finalized its Series B fund raise, totalling up to USD50 million. The round which included all previous investors, is led by Horizons Ventures. New investors include HH-CTBC Partnership, L.P. (Foxconn Co-GP Fund), which together with Horizon Ventures and Indika Energy, form the largest investors of IMG to date. New investors other than Foxconn Co-GP fund include Brama One Ventures. Proceeds from the Series B funding will be used.

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Securities firms zero in on Indonesian market

Indonesia is emerging as a hub for major securities firms overseas business due to the country s economic and demographic potential. Brokerage houses here have long recognized the need to diversify their sales channels overseas amid toughening competition in the domestic market. Their revenue structures are also vulnerable to macroeconomic circumstances, as was shown by their steep earnings fall in 2022 amid then-freezing investor sentiment on the back of steep rate hikes.

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Nokia announces success of Singapore-Indonesia subsea cable trial

Nokia has announced the results of a trial conducted last year over a 3,551 km subsea cable between Jurong in Singapore to Manado in Indonesia – and they are pretty impressive.

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Nokia Oyj : enables Telin s ultra-longhaul subsea network upgrade; validates performance in network trial

Nokia enables Telin s ultra-longhaul subsea network upgrade; validates performance in network trial The trial conducted by Nokia and Lintas. | April 17, 2023

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