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Announced

SiCepat Ekspres to acquire a 51% stake in DigiResto.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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food delivery platform

Private

Indonesia

food ordering services

Majority

Acquisition

Single Bidder

food delivery services

Domestic

Pending

E-commerce

Friendly

Synopsis

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SiCepat Ekspres, a last-mile delivery startup, agreed to acquire a 51% stake in DigiResto, a food ordering platform. Financial terms were not disclosed. "Through this investment, SiCepat wants to increase the adoption an"d improvement of Digiresto's services, so that we can grow our revenue streams by targeting the food service market revenue potential which is estimated to reach $2bn by 2020," Kim Hai, SiCepat Ekspres CEO.

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