Indonesian state lender BNI to launch VC fund to invest in startups

Indonesian state lender BNI to launch VC fund to invest in startups

BNI building in Central Jakarta (Reuters Photo)

In a much-awaited move, Bank Negara Indonesia (BNI) is in the process of setting up a venture capital (VC) fund with a corpus of $30 million (Rp 400 billion) that is slated to come from its balance sheet, sources privy of the development told DealStreetAsia.

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