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///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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OVOAcquired (90% Grab)
Jakarta| Est. 2017
Acquired (90% Grab)
Transaction fees from merchants, premium user services, OVO PayLater lending product, OVO Invest partnership with Bareksa, and insurance products. Deep integration with Grab super-app ecosystem.
Investment Thesis
"Indonesia's 5th unicorn with massive unbanked opportunity. Grab integration provides scale for both online and offline transactions."
Recent Signals
- 01Leading e-wallet for online/offline transactions.
- 02Deep Grab ecosystem integration.
- 03Competing with GoPay and DANA in highly competitive market.
Key People
- FFounded by Lippo Group
Cap Table
Grab (90%)Lippo GroupTokyo Century Corporation
Verified Funding History
| Round | Date | Amount | Participating Investors |
|---|---|---|---|
| Series A | Mar 2019 | Undisclosed | Tokopedia, SoftBank Group, Grab |
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