Bukalapak co-founders Zaky, Xinuc set up early-stage VC fund Init 6

Bukalapak co-founders and former executives Achmad Zaky and Nugroho Herucahyono (Xinuc) have set up a VC fund, called Init 6, currently deploying funds from their personal pockets, to invest in seed and Series A-stage startups in Indonesia.

“Currently this is from the GP’s own money. It is not a proper fund. We will consider inviting external parties in the future if this proves successful,” Zaky told DealStreetAsia.

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