INDONESIA's BRI Ventures - a corporate venture capital firm under state-owned bank BRI - on Wednesday launched a locally incorporated, independent venture fund to invest in tech startups. Read more at The Business Times.
"As the tech landscape in Indonesia continues to mature, coinciding with the aftermath of the Covid-19 pandemic, the industry’s focus has shifted towards companies that are able to survive in times of crisis," it said.
"At the end of the day, what is important is that startups have good business fundamentals from day one, and are able to create real value in the local economy. Sembrani Nusantara aims to target a specific type of company in this respect, taking a 'hyper-localised' stance." Added BRI Ventures chief executive Nicko Widjaja:"Until recently, the priority for local startups has been to grow at all costs.BT is now on Telegram!
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon to launch US$2 billion venture capital fund to invest in clean energy: WSJAmazon.com Inc will launch a US$2 billion internal venture capital fund that will focus on technology investments to reduce the impact of climate ...
Read more »
Amazon pledges US$2 billion venture capital fund to invest in clean energyAmazon.com Inc said on Tuesday it will launch a US$2 billion venture capital fund that will focus on technology investments to reduce the impact ...
Read more »
Geo Energy Resources to potentially pursue listing on Indonesian Stock ExchangeCOAL producer Geo Energy Resources said in a regulatory filing on Tuesday that one of its mining subsidiaries has been 'encouraged to pursue a listing' on the Indonesian Stock Exchange (IDX). Read more at The Business Times.
Read more »
Indonesian ride-hailing firm Gojek cuts 9% of headcountSINGAPORE: Indonesian ride-hailing and payments firm Gojek announced on Tuesday (Jun 23) it would lay off 9 per cent of its employees, or 430 ...
Read more »