Sinar Mas, East Ventures ink JV with Yahoo Japan, target growth stage startups

Sinar Mas, East Ventures ink JV with Yahoo Japan, target growth stage startups

Sinar Mas and East Ventures have entered into a joint venture with Yahoo Japan to form EV Growth, a venture capital fund targeting to raise $150 million to be invested into growth stage startups in Southeast Asia with a special focus on Indonesia.

In a press conference held on Thursday, EV Growth announced that it has already received a total of $100 million in commitment from the three companies and will start operations in the second quarter of this year.

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