The new investment arm will provide seed to Pre Series A funding.
One of the richest and most successful businessmen in Indonesia, Lippo founder Mochtar Riady, has a simple formula for success: Embrace information technology (IT).
In the middle of the battleground between startups and traditional companies, there is space for collaboration – if both parties can stop looking at each other as threats, that is.
Backed by a US$500-million investment commitment from one of Indonesia’s biggest conglomerates, Lippo Group, MatahariMall.com believes it is on the right path to becoming the biggest e-commerce player in the country.
Jakarta-headquartered Venturra Capital, an independent venture capital fund sponsored by the Lippo Group – one of Indonesia’s largest real estate developers – has launched its US$150-million Venturra Capital Fund I.