Legit Group News Today

Danger, people who are criticizing that dont understand that you cant take a risk with a silverback gorilla. The barrier is adequate and we all need to make sure that our families and kids are safe, whether you are visiting a zoo or a shopping mall. Looking back, we will make the same decision. Not many animal activists are up in arms. A lot of others are blaming the childs mother from not preventing the child from entering the exhibit. The family issued this statement. We are thankful to the lo...

A weekly recap of all the major PE, VC and startup developments in the markets we cover.

Jakarta-based cloud kitchen startup Legit Group has bagged US$13.7 million in its series A funding round led by MDI Ventures. 

HR tech startup Sprout Solutions allotted new shares last week as part of a $10.7 million Series B funding round.

Legit Group, a cloud kitchen brand operator based in Jakarta, has its eyes on the rest of Indonesia after raising a $13.7 million Series A. The round was led by MDI Ventures, the venture capital arm of PT Telcom Indonesia Tbk, the largest telecom conglomerate in Indonesia. It included participation from Sinar Mas Digital Ventures (SMDV), returning investor East Ventures and Winter Capital.

Sinar Mas Digital Ventures, East Ventures, and Winter Capital also participated in the round.

Indonesian cloud kitchen operator Legit received $7.35 million this week as part of an ongoing Series A round.

Here is the first weekly wrap-up of 2023.

SirionLabs has raised fresh funding in an extension to its $85 million Series D.

MDI Ventures invested $5m, while SMDV and East Ventures contributed around $2m each.