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March 5, 2021 Indonesian last-mile delivery startup SiCepat Ekspres has closed a Series B funding round of $170 million backed by a host of investors including Falcon House Partners, Pavilion Capital and MDI Ventures. The deal confirms DealStreetAsia’s report published in January. Other new investors in the round include German development financial institution DEG, Trihill Capital and Daiwa Securities, while existing backers Kejora Capital and Indies Capital also topped up, Sicepat said in a release. “This financing round is designed to further fortify SiCepat’s position as the leading end-to-end logistics service provider in the Indonesian market and potentially to explore expansion to other markets in Southeast Asia,” said The Kim Hai, founder and CEO of Sicepat’s parent company Onstar Express. ....
Indonesia’s SiCepat Ekspres to acquire 51% in food ordering platform DigiResto Premium Indonesian last-mile delivery startup SiCepat Ekspres announced on Friday that it is signing a conditional share subscription agreement (CSSA) to acquire a 51% stake in DigiResto, a food ordering platform developed by Digital Maxima Kharisma (DMK), a subsidiary of M Cash Integrasi (MCAS), a listed digital distribution company. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at [email protected]. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories left placeholder ....