Air Asia chief Tony Fernandes & other investors form Angel-eQ to help tech startups in Indonesia

Photo by Danilo Rizzuti. Freedigitalphotos.net

A number of Indonesian business leaders have come together to form an angel investor network- Angel-eQ Network –  that will fund early-stage start-up tech companies in Indonesia.

The founders of Angel-eQ Network include Malaysia’s Air Asia Bhd chief executive officer Tony Fernandes, president director of television network operator Intermedia Capitaland Erick Thohir, CEO of media conglomerate Emtek Group‘s digital business unit Adi Sariaatmadja, The Jakarta Globe reported.

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Politician and diversified conglomerate Tason Putra Mandiri holding president director Emil Abeng, listed investment firm PT Kresna Graha Investama Tbk president director Michael Steven, Saratoga Capital co-founder Sandiaga Uno and Shinta Dhanuwardoyo, founder of digital agency Bubu.com, were also among the fifteen co-founders of this platform that will invest in the select, curated startups, from the booming tech startup space in Indonesia.

“Angel-eQ Network encourages direct investment in early-stage companies that have not yet received funding from institutional investors, such as venture capital and private equity firms, while at the same time supporting participation and investment in local incubators, accelerators and investment funds,” Shinta, the main organiser of the angel investors network told The Jakarta Globe

Meanwhile, financial company a co-founder of the Angel-eQ network and managing partner of  Kilara Group Adriani Onie said that she hopes to “strategically help build the entrepreneurship ecosystem in Indonesia.”

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.