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Jakarta Post

Coca-Cola scouts Indonesian start-ups for collaboration

  • The Jakarta Post

    The Jakarta Post

Jakarta   /   Mon, April 15, 2019   /  01:07 pm
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Coca-Cola Amatil Indonesia (CCAI) president director Kadir Gunduz.(Courtesy of/Coca-Cola Amatil (CCA))

New South Wales, Australia-based soda giant Coca-Cola Amatil (CCA) has expanded its start-up accelerator platform Amatil X to Indonesia, marking the first such initiative in the country's fast-moving consumer goods (FMCG) industry. Amatil X is CCA's multi-million dollar venture capital arm, which the company first launched in Australia and New Zealand last year to help fund start-ups. The company said it would scout for local start-up partners in Indonesia that could help support its business in terms of on-demand delivery, distribution optimization, in-store analytics and eco-friendly packaging. CCA partners and growth director Chris Sullivan cited Indonesia’s rapidly growing start-up ecosystem as the company’s grounds for launching the platform in Southeast Asia’s largest economy, which is home to four unicorn companies. Chris said his company woul...