Kejora and InterVest acquires a minority stake in DIVA from M Cash.

Kejora Ventures, a leading private equity firm acquires a minority stake in Distribusi Voucher Nusantara (DIVA), a leading software developer form M Cash. Financial terms were not disclosed. This transaction is led through InterVest Star SEA Growth Fund I, a fund co-managed by Kejora and InterVest. The fund is backed by a prominent group of partners which includes Korea Development Bank, Korea Venture Investment, NH Investment & Securities, Industrial Bank of Korea, and Barito Pacific Group. Following the transaction, a representative of the fund will be appointed to sit in the board of DIVA at the upcoming DIVA EGM to create and drive value creation. “With such a strong partner and backer, DIVA can create a comprehensive offering to our partners, especially small and medium Indonesian enterprises." Dian Kurniadi, Diva Director.