Niche funds, active angels needed to boost Indonesian startup ecosystem
4 Feb 2019 10:35 AM GMT
Towards making an evolved ecosystem, there is a need for the various types and classes of investors to come together and collaborate more.
- Even though it is the largest markets in the Southeast Asian region, Indonesia’s startup and investment ecosystem is still at a nascent stage, leaving much room for maturing.
- Towards making a more cohesive and evolved ecosystem, there is a need for various types and classes of investors to come together and collaborate more, according to participants at a panel discussion on ‘Seed-stage fund deluge and deficit from Series B onwards’ at the DEALSTREETASIA’s recent Indonesia PE-VC Summit in Jakarta.
- If there is one thing that I could change in the Indonesian ecosystem, it is the cooperation between the mainstream market and startups,” said Arya Putra Ketut Masagung, Venture Partner, Gobi Partners, an early stage venture capital firm focusing on IT and digital media investments.
- If a company wants to raise funds, HNIs may also be a good source to approach because you would be surprised that you can raise quite a lot of funds from them because they also have a lot of appetite if they know the sectors,” said Jahja Suryandy, Co-Founder and Managing Director, Kresna Graha Investama, a public listed investment firm based out of Indonesia.
- I would like to see more sector specific funds, I would like to see more knowledge gained and shared by having fintech-only funds or other such sector-focused funds,” said the session moderator Deepak Shahdadpuri, Founder and Managing Director, DSG Consumer Partners, which itself is a consumer-theme focused investment firm.
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