Announcing five must-attend sessions at Indonesia PE-VC Summit 2022

By Team DealStreetAsia

February 11, 2022

We are happy to announce four fireside chats and a keynote session with top speakers at the Indonesia PE-VC Summit 2022 – an editorial-led, two-day virtual conference scheduled for March 8-9, 2022.

We have lined up a keynote presentation by Asia Partners co-founder and managing director Nick Nash who will provide insights into the funding and investment landscape in Indonesia.

To examine the growing investor interest in SE Asia’s largest economy, we have also put together four fireside chats featuring GGV Capital managing partner Jenny Lee, Northstar Group co-CIO Sunata Tjiterosampurno, Xendit co-founder Tessa Wijaya and MDI Ventures CEO Donald Wihardja.

At DealStreetAsia’s Indonesia PE-VC Summit 2022, we are bringing together top private equity, venture capital and startup founders and leaders to take us through key themes, opportunities and challenges from close quarters.

Join the conversation and network with hundreds of leading industry executives.

REGISTER NOW ⇒

Indonesia in Spotlight: Of unicorns, big-ticket funding, digital boom & exit landscape

A keynote presentation by Nick Nash,
Co-founder and Managing Director,
Asia Partners

Back in 2019, Asia Partners predicted that SE Asia would be home to 35 billion-dollar tech companies by 2029. That target has already been surpassed as SE Asia added 24 such firms between 2019 and 2021, thanks to rapid digitalisation on account of the pandemic. What’s more, at least 20 billion-dollar tech companies will be created between now and 2029 in the region, according to an upwardly revised estimate by Asia Partners in its 2022 Internet Report. And, nearly half of these 20 companies will pursue IPOs over the next decade.

A lot of that action is playing out in Indonesia, a country with a GDP of $1.16 trillion and a population of 270 million. The report finds that SE Asian markets, particularly Indonesia, have outgrown even Greater China and India in the pace of deal-making at the Series C/D stages or growth capital play.

Nash, a strong advocate of the SE Asia growth story, spent over a decade at General Atlantic before moving to Sea Group, where he led the largest-ever SE Asian internet IPO, a $989-million offering on the NYSE in 2017. He left Sea Group in December 2018 to launch Asia Partners, which seeks to bridge the growth-stage funding gap by investing $20 million to $100 million into Southeast Asian tech startups.

Join this data-led session to get a deep overview of the region’s maximum market.

Indonesia’s tech sector enters golden age with accelerated digital adoption

Fireside chat with Jenny Lee,
Managing Partner,
GGV Capital
SE Asia is fast catching up with other tech startup ecosystems in the region thanks to the rapid digitalisation boom. In 2021, at least 834 SE Asian startups cumulatively garnered $23.18 billion in equity financing. The year also saw the minting of 25 unicorns in SE Asia, with 11 of them from the fintech space including Ajaib, Xendit, Kredivo, Nium, among others, data from DealStreetAsia’s SE Asia Deal Review: Q4 2021 report shows. Indonesia’s J&T Express and GoTo Group ruled the pecking order of the top 20 equity fundraisers in value terms.

SE Asia is also grabbing investor interest amid increased regulatory scrutiny on the technology sector in China. GGV Capital’s managing partner Jenny Lee will share her unique perspectives of how the SE Asia growth story is unfolding in this context. Jenny Lee launched GGV’s first office in China in 2005 and re-opened GGV’s Singapore office in 2019. She also leads the firm’s USD fundraising activities. Singapore state investor Temasek recently appointed Jenny Lee to its board of directors.

GGV Capital, a seed-to-growth stage investor, has backed over 400 companies globally including Affirm, Airbnb, Alibaba, Slack, Square, Xpeng, to name a few. With $9.2 billion under its management, GGV Capital has investments in the US, Canada, China, SE Asia, India, Latin America, and Israel. In Indonesia, it has backed insurtech startup Fuse, edtech platform Ruangguru and digital signature provider Privy.

Multi-stage investment approach and leveraging networks to pick winners

Fireside chat with Donald Wihardja,
CEO,
MDI Ventures
MDI Ventures, the corporate venture capital arm of Telkom Indonesia, straddles the pre-seed to Series C and above investment stages through multiple funds that draw from the parent’s balance sheet as well as external investors.

With three unicorns and 11 exits under its belt, MDI Ventures operates five active funds and has 50+ firms in its portfolio. From 2020, the corporate VC also stepped up its focus on five fast-growing sectors: Healthcare, fintech, logistics, new consumer retail and food tech. As global strategics, VC and PE investors up their ante in Indonesia, MDI Ventures feels its multiple-fund approach allows it to tap opportunities across the board efficiently.

MDI Ventures CEO Donald Wihardja will speak to us about the firm’s investment strategy, finding synergies with the parent entity, and operating multiple funds. We will also touch upon the impact of the growing inflow of capital into Indonesia’s tech ecosystem leading up to frothier valuations and intensified competition for a limited basket of deals.

Value creation through value-addition and ‘consumers-first’ investment strategy

Fireside chat with Sunata Tjiterosampurno,
Co-CIO and member of the investment committee,
Northstar Group
Northstar Group, which recently closed its fifth fund at $590 million, is stepping up focus on the broad-based consumer theme, financial services and digital economy sectors that are witnessing accelerated digital adoption in SE Asia. “We want to be part of the consumers-first market consumption story for Indonesia,” according to Northstar.

Northstar, which started investing in the digital space with Gojek, has backed Bank BTPN, Alfamart, Thai Credit Retail Bank, APAC Realty, Indomaret, Bunda Medical Group, TiKi and Bank Jago, among others. Since its founding in 2003, the Northstar Group has raised five private equity funds and invested in more than 35 companies. The Northstar Group has invested over $3.3 billion with its co-investors in SE Asia.

Sunata Tjiterosampurno, the co-chief investment officer and a member of the investment committee, will take us through the investment approaches, opportunities in Indonesia’s over-riding consumption theme and Northstar’s strategy of value creation by providing more than just capital.

The Xendit Story: From unicorn milestone to upping stakes in financial services game

Fireside chat with Tessa Wijaya,
COO and Co-founder,
Xendit
Indonesian digital payment platform Xendit grabbed the unicorn tag last year after raising $150 million in its Series C funding round led by Tiger Global. The company has raised a total of $238 million since 2015.

Xendit provides payment solutions and simplifies the payment process for businesses in Indonesia, its home market, and the Philippines. Armed with fresh funding, Xendit’s next goal post will be to expand to select countries across Southeast Asia, whose digital economy is projected to triple to more than $300 billion by 2025 from $100 billion in 2021.

Xendit is also looking to foray into the banking space as it joins scores of fintech startups looking to expand their play. Xendit COO and co-founder is a big believer in the power of tech to change the world for the better. “Money movement allows people to create and grow businesses so our economy can grow,” she says.

Apart from the unicorn distinction, Xendit also takes credit for being a fintech startup with a relatively higher share of women on its rolls. Nearly 20% of its senior management team members are women who constitute 40% of Xendit’s workforce.

We will quiz Tessa on the journey thus far and the road ahead for Xendit.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
APPLY NOW