BRI Ventures's new fund secures capital from Grab, others for $10.6m first close

BRI Ventures's new fund secures capital from Grab, others for $10.6m first close

Nicko Widjaja, CEO, BRI Ventures at the Indonesia PE-VC Summit 2020. Photo: DealStreetAsia

BRI Ventures, the corporate venture capital (VC) arm of Indonesian state-owned microfinance institution Bank BRI, announced on Wednesday that it has made the first close of its debut venture fund, Sembrani Nusantara, at more than 150 billion rupiah ($10.6 million).

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