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Jakarta Post

Start-ups struggle to hit profit targets

  • The Jakarta Post

Jakarta   /   Wed, December 11 2019   /  01:35 am

As investors start to demand profitability for start-ups, some are struggling to achieve their profit targets as they focus on making sure consumers and investors are aware of their presence and value then, afterward, scale up.Achmad Dwiputra, synergy manager at Mandiri Capital Indonesia — the venture capital arm of Indonesian giant lender Bank Mandiri — told a workshop participated in by representatives of start-ups that to attract potential investors, they had to ensure clear pathways to profitability. “[Mandiri Capital Indonesia] has less appetite to invest in a start-up that keeps on burning money. We also look at the start-up’s path to profitability [to consider an investment],” he told the workshop, organized by Go Start-up Indonesia in Central Jakarta on Monday.Venture capitalists around the world have been holding off investing in start-ups as they want to ensure profit...