1. Startups

Kejora InterVest Leads Investment in DIVA

Also supported by Korea Development Bank, Korea Venture Investment Corporation, NH Investment & Securities, Industrial Bank of Korea, and Barito Pacific Group

InterVest Star SEA Growth Fund I, a fund managed by Kejora Ventures and InterVest, leads investment in the purchase of several shares DIVA (PT Distribution Voucher Nusantara Tbk). It is not stated with certainty the amount of the transaction disbursed.

This investment was also supported by several other investors including Korea Development Bank, Korea Venture Investment Corporation, NH Investment & Securities, Industrial Bank of Korea, and Barito Pacific Group.

The possibility of a share takeover percentage is quite significant, because the funder will be appointed to the DIVA board at an extraordinary general meeting to be held.

"With strong partners and supporters, DIVA can create a comprehensive offering to our partners, especially SMEs in Indonesia. Starting from various digital products, payment enabler, and our current banking services, we hope to expand into finance, logistics, artificial intelligence, IoT, fulfilmentand supply chain leaders," said DIVA Director Dian Kurniadi.

"We are very excited about this opportunity. We believe that through this collaboration, we can significantly drive DIVA's growth through synergies with our ecosystem and network around the world," said Kejora Ventures Founding Partner Sebastian Togelang.

More Coverage:

Previous news, DIVA is official acquire 30% stake owned by service developer point of sale Pawoon. The two companies plan to integrate platforms to provide comprehensive services for SMEs.

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