News Snapshot:
Indonesia’s Artotel Group has completed a Series B funding for an undisclosed sum, led by Indies Capital Partners, a leading South-east Asian alternative asset manager, with participation from creative industry-focused Benson Capital. Artotel Group will utilise the proceeds to drive expansion through an aggressive merger and acquisition strategy in Indonesia’s hospitality sector, and invest in strengthening the group’s core business infrastructure, digitising operations, and enhancing sustainability throughout the organisation. Artotel Group’s Series B investment will fund its expansion and core business development Erastus Radjimin, founder and CEO, Artotel Group, told TTG Asia : “With the rapid development of second- and...
