Indonesia-based PT Global Digital Niaga, which owns e-commerce group Blibli, raised ~$509M in Jakarta’s second-largest IPO in 2022, after GoTo’s $1.1B April IPO (Bloomberg)

Bloomberg:
Sources: Indonesia’s GoTo Group is planning to cut 1,000+ jobs, more than 10% of its workforce, and curb its costs  —  Indonesia’s largest internet company GoTo Group is planning to cut more than 1,000 jobs as it seeks to trim costs and shore up its finances, according to people familiar with the matter.

Manish Singh / TechCrunch:
Indonesia’s GoTo Group cuts 1,300 jobs, or ~12% of its workforce, to trim costs and improve finances  —  GoTo Group is cutting 1,300 jobs, or 12% of its workforce, it informed staff early Friday, as Indonesia’s largest internet company attempts to trim costs and improve finances.

Mars W. Mosqueda Jr / DealStreetAsia:
Jakarta-based Privy, which offers digital signature and identity verification services, raised a $48M Series C led by KKR, bringing its total funding to $71.6M  —  Privy, a Jakarta-based startup that provides universal identity and digital signature services, has raised $48 million …

Jay Peters / The Verge:
Filing: Apple settles lawsuit against an ex-employee accused of stealing trade secrets and sharing them with the media; he will pay an undisclosed sum to Apple  —  Apple has settled its lawsuit against Simon Lancaster, a former design architect, who the company accused of stealing trade secrets and sharing them with a journalist.

Antonia Timmerman / Rest of World:
Indonesia’s patchwork data security approach has resulted in several large-scale data leaks; experts say the personal data protection bill is a temporary fix  —  Breaches are so common that citizens joke about being an “open-source country.”  —  • JAKARTA, INDONESIA

Mehnaz Yasmin / Reuters:
E-commerce marketing company Rokt says it raised a secondary funding round at a $2.4B valuation, up from $1.95B in December 2021, as it prepares for an IPO  —  Tech startup Rokt said on Monday it raised its valuation to $2.4 billion in a secondary funding round led by investment firm Square Peg …