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Kejora InterVest Lead the Investment on DIVA

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

Randi Eka - 15 August 2019

InterVest Star SEA Growth Fund I, the fund managed by Kejora Ventures and InterVest, led the investment on DIVA (PT Distribusi Voucher Nusantara Tbk) shares. They didn’t mention an exact number on the investment.

This is followed by some investors, including Korea Development Bank, Korea Venture Investment Corporation, NH Investment & Securities, Industrial Bank of Korea, and Barito Pacific Group.

It may take a significant portion of shares in exchange for a position in DIVA’s boards of directors in the next annual meeting.

“Supported by strong partners and investors, DIVA is to make comprehensive offerings to our partners, particularly Indonesia’s SMEs. From all digital platforms. payment enabler, and our current banking services, we aim to reach financial industry, logistics, and artificial intelligence, IoT, fulfillment, and supply chain,” DIVA’s Director, Dian Kurniadi said.

“We are so glad to have this opportunity. We believe this collaboration can accelerate DIVA’s growth significantly through synergy with our ecosystem and connection worldwide,” Kejora Ventures Founding Partner, Sebastian Togelang said.

Previously, DIVA has officially acquired 30% shares of the point of sales developer, Pawoon. Both companies are planning platform integration to provide all-in-one services for SMEs.


Original article is in Indonesian, translated by Kristin Siagian

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