Telkom Indonesia’s MDI Ventures unit has helped the e-commerce shipping platform complete its latest round, following an earlier tranche in December.

Indonesia-headquartered last-mile delivery service SiCepat Ekspres closed a $170m series B round yesterday featuring MDI Ventures, the corporate venturing unit of telecommunications firm Telkom Indonesia.

Brokerage Daiwa Securities and DEG, a subsidiary of German government-owned development bank KfW Group, also took part, as did Falcon House Partners, Indies Capital, Kejora Capital, Pavilion Capital, Tri Hill and an unnamed Asia-based insurer.

An investment entity dubbed Praus Company had provided $50m in series B funding for the company in December 2020…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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