There’s lots of room for Indonesian e-commerce players to grow, says Indies Capital’s Sjahrir

Pandu Sjahrir, co-managing partner at Indies Capital

The COVID-19 pandemic has given a fresh impetus to secondary deals in the venture capital market. Prized assets are available in Southeast Asia’s secondary market at a discount as existing investors are eager to cash out and pay their limited partners.

Making the most of this opportunity is the Singapore-based alternative asset manager Indies Capital. Since end-March, the company has done three secondary transactions in big companies. The flow of secondary transactions has been quite strong since early this year in Southeast Asia,” said Pandu Sjahrir, co-managing partner, Indies Capital.

In June 2020, Sjahrir was appointed as the youngest commissioner of the Indonesia Stock Exchange, with a mandate to help more unicorns list on the bourse and also to attract more millennial retail investors.

Sjahrir is also a prominent investor in tech companies such as Emtek Group, SEA group, and Gojek. In an interview with DealStreetAsia, Sjahrir discusses, among other things, the road ahead for Indonesia’s e-commerce players.

Edited excerpts of an interview:

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.