ID Digest: Antler may invest in 30+ Indo startups; Blibli app opens to gold investments

ID Digest: Antler may invest in 30+ Indo startups; Blibli app opens to gold investments

(Left-Right) Antler Partner Markus Bruderer, Co-founder and CEO Base Yaumi Fauziah Sugiharta, and Antler Indonesia Programme Director Kanta Nandana (Photo courtesy of Antler)

Early-stage venture capital firm Antler plans to invest in 30 Indonesian startups this year. Meanwhile, e-commerce platform Blibli has launched Blibli Invest in cooperation with online investing platforms Pluang and

Antler seeks to invest in 30+ local startups in 2023

Early-stage venture capital firm Antler has committed to invest in more than 30 startups in Indonesia this year, according to a statement on Wednesday. Antler, which launched in Indonesia in 2021 and started its operations in early 2022, invested in 25 new technology companies last year.

In the statement, Antler also announced a founder residency programme in Jakarta, Indonesia, starting on June 2023. For the 10-week programme, the VC has invited applications from aspiring founders—those in pre-idea and pre-seed stage. Once admitted, the founders can network with business leaders, operators, and technology developers. During this time, Antler also promises a chance for the founders to find potential co-founders.

“The founders and our portfolio companies can access an ecosystem of mentors, funding, and market,” Kanta Nandana, Direktur Program Antler Indonesia, said in the statement. Since its launch in Indonesia, Antler has received more than 4,000 registrars.

Blibli cooperates with Pluang and

Indonesia- listed e-commerce firm Blibli, with support from investing platforms Pluang and, launched on Wednesday a new feature in its app that allows users to invest in gold and mutual funds.

The new feature is available under a new category in the Blibli app called “Blibli Invest” and users can start investing in digital gold starting from 10,000 rupiah ($0.65).

“Together with Pluang and, Blibli seeks to give a safer, easy, and rewarding investment experience for young investors,” BliBli’s executive vice president (EVP) of digital product and automotive category Lay Ridwan Gautama said in a statement.

Blibli’s e-commerce competitor, Tokopedia, introduced both gold investment feature and mutual funds in its app back in 2018. The e-commerce arm of GoTo cooperates with Pegadaian and Pluang for gold investment and with Bareksa for mutual funds. Shopee has offered gold investment since 2020 in cooperation with Pegadaian and mutual funds investment since 2023 with Bibit.

Edited by: Pramod Mathew

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