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View all search resultsThe Association of Indonesian Venture Capital and Start-ups (Amvesindo) revealed on Monday that the number of active venture capital (VC) firms is decreasing but the combined assets they manage have been consistently rising up to the end of 2022 to Rp 25 trillion (US$1.6 billion).
PT Mandiri Capital Indonesia (MCI), state-owned lender Bank Mandiri’s venture capital arm, announced on Wednesday that it would begin holding its Xponent business matchmaking event for start-ups on a quarterly basis.
President Joko “Jokowi” Widodo has asked SOEs along with their venture-capital arms to be more involved in aiding home-grown start-ups, hoping it could boost the country’s digital-economic resilience amid a highly competitive tech-firm market.
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