Financial discipline focus for startups in Indonesia in 2020

(left to right) Moderator Andi Haswidi with Gary Kheong (Vertex), Sharly Rungkat (OVO) Agung Nugroho (GrabKios) and Amit Saberwal (RedDoorz) at the Indonesia PE-VC Summit 2020 in Jakarta. Photo: DealStreetAsia

The effects of WeWork’s botched public debut in the U.S., five months on, are still reverberating through Asia, as discussions at DealStreetAsia’s Indonesia PE-VC Summit 2020 in Jakarta on Wednesday showed.

Indonesian mobile payment startup and the country’s fifth unicorn OVO chief financial officer Sharly Rungkat acknowledges being under tougher scrutiny from investors.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter