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Indonesia's new sovereign wealth fund, Danantara, is adopting a cautious investment strategy, focusing on stability rather than high-risk startups. While it may consider later-stage Indonesian startups to address funding shortages, recent scandals in the sector raise concerns about viable exit opportunities. The fund's chief investment officer, Pandu Sjahrir, emphasizes a deliberate and slow approach to investment.
Danantara, Indonesia's new sovereign wealth fund, is adopting a cautious investment strategy, focusing on stability rather than high-risk startups. While it may consider later-stage Indonesian startups to address funding shortages, recent scandals in the sector raise concerns about viable exit opportunities. The fund's chief investment officer, Pandu Sjahrir, emphasizes a deliberate and slow approach to investing.
Palicha labeled Zomato CEO Deepinder Goyal's claims about Zepto's cash burn as “verifiably untrue.” Meanwhile, Prime Venture Partners has launched a US$100 million fund for early-stage startups in India, while South Korea introduced a US$34 billion policy fund to support strategic industries. Additionally, ByteDance is initiating a US$312 billion employee stock buyback program, reflecting increased investor confidence.
Angkas, a motorcycle taxi app in the Philippines, faces stiff competition from Move It and JoyRide, especially after Grab's acquisition of Move It, impacting its market share and driver earnings. The industry grapples with regulatory uncertainty, prompting Angkas to explore geographical expansion for growth. Meanwhile, the Indonesian government plans to allocate $20 billion annually to its new sovereign wealth fund, Danantara, aiming for significant investment partnerships.
JianHao Tan
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
danantara's cautious investment strategy raises questions for indonesia's startup ecosystem
10:30 11.03.2025
danantara's cautious investment strategy raises questions for indonesia's startup ecosystem
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