Indonesian conglomerate invests $3.5 million in Singapore startup ISP MyRepublic

The tech investment scene in Indonesia is getting bigger by the minute, and it’s good to see more local companies paying attention to the tech scene. Yesterday, Indonesian energy company Dian Swastatika Sentosa (DSS) (Indonesia:DSSA) invested SGD$4.4 million (US$3.5 million) into Singapore-based internet service provider MyRepublic for 5.9 percent ownership. DSS is part of Indonesian conglomerate Sinar Mas Group. The news was first reported by DailySocial.

http://www.techinasia.com/indonesia-sinar-mas-invests-35-million-singapore-startup-isp-myrepublic/