Indonesia: ANGIN ropes in former minister Mari Elka Pangestu as angel investor

Indonesian currency Rupiah on hold by a cashier. Photo: Reuters

The Indonesian angel investment network (ANGIN) on Monday announced that Mari Elka Pangestu, a former minister, has joined the network as its newest angel investor.

Pangestu served as Indonesia’s Minister of Trade from October 2004–October 2011, and Minister of Tourism and Creative Economy from October 2011 through October 2014.

Currently, Pangestu serves on the Board of Trustees of CSIS. She is a professor of international economics at the Faculty of Economics and Business, University of Indonesia. She is an independent commissioner on the board of Astra International and independent commissioner as well as President Commissioner of Bank BTPN, and board member of the ICC (International Chamber of Commerce). She also serves on the advisory board of the Indonesian Chamber of Commerce, Plug and Play Indonesia, SEA, and Asian Global Institute, University of Hong Kong.

She is joining along with several other prominent individuals: Samuel Koshan (director of Sinar Kharisma Padjajaran), Raya Papp (Co-founder and partner of Challenger 88), and Wolfgang Hafenmayer (co-founder and managing partner of Challenger 88).

ANGIN now has 51 angel investors in its network.

“We are confident that our group and team will continue on delivering support to the Indonesian startup ecosystem,” said ANGIN in a statement.

ANGIN had recently welcomed Ashraf Sinclair, actor and venture partner at 500 Startups, where he will invest in businesses and startups that can “leverage of that experience and benefit from celebrity endorsement.”

500 StartUps works closely with the ANGIN Network and supports its future activities with entrepreneurs and the startup ecosystem in Jakarta.

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