Ecosystem Roundup: Blibli set to raise US$528M in local IPO, Binar Academy lays off staff, East Ventures-funded Bananas to shut shop

Blibli set to raise US$528M in local IPO at US$3.5B valuation The listing is slated for November 7; It is the third Indonesian unicorn going public on the local exchange IDX, following Bukalapak and GoTo Group. Indonesia edutech firm Binar Academy lays off 20% of employees The decision is attributed to an uncertain global economy; […] The post Ecosystem Roundup: Blibli set to raise US$528M in local IPO, Binar Academy lays off staff, East Ventures-funded Bananas to shut shop appeared first on e27.