Indonesia is the next big consumer battleground but will it deliver for VCs? Find out at the Asia PE-VC Summit

As Southeast Asia’s biggest economy and the world’s fourth largest consumer market with a 260-million-strong population, Indonesia has emerged as the next big consumer battleground for global investors.

Mega deals such as the recent Alibaba-led $1.1 billion round in the archipelago’s e-commerce major PT Tokopedia and a $500-million investment in online travel portal Traveloka underscore the intense investor interest in the country.

It is no wonder then that Indonesia has consistently accounted for the most venture capital (VC) deals among emerging startup markets since 2012, outpacing rivals such as Malaysia, Thailand and Taiwan, according to a recent CB Insights report. However, challenges abound — the economy is growing slower than expected, the pace of infrastructure development is slow, and the regulatory environment is more an obstacle than an enabler.

So, can Indonesia deliver for VCs? At the Asia PE-VC Summit 2017, we will pose this question to an expert panel of investors, including some who have also dabbled as entrepreneurs. Join us to get the answers.

Register before August 31 to get $500 off of standard rates.

Meet our panelists:

Shinta Dhanuwardoyo

CEO, Bubu.com; co-founder & CEO, Sqeeqee

Shinta Dhanuwardoyo is a digital visionary. In 1996, she created Bubu.com, a web development platform that has now evolved into a digital advertising company. Dhanuwardoyo then helped found online marketplace Plasa.com (which later became Blanja.com) in 2008. Recently, she was named co-founder and CEO of “social networthing” platform Sqeeqee.com.

Dhanuwardoyo is one of the co-founders of Angel-eQ, Indonesia’s first tech-focused angel investor network.

Also Read:

We need tax breaks and more tech schools, says Indonesian angel investor Shinta Dhanuwardoyo

Leon John Hermann

Head of South Asia & SEA, Global Founders Capital

Global Founders Capital, the VC arm of technology incubator Rocket Internet, has invested in companies such as Indonesian flight search engine Traveloka and Singapore-headquartered remittance payments startup InstaRem. Under Hermann’s leadership, the VC firm now plans to invest up to $10 million in Indonesian startups by the end of 2017.

In a recent interview, Hermann had listed regulatory issues and ownership restrictions among challenges faced by investors in Indonesia.

However, he remains bullish on the market. “There are problems to solve across different verticals, such as penetration of insurance products, access to financial products, health counselling and content. We are very excited given that such problems could be solved through tech and we see more entrepreneurs tackling such spaces.” he had said.

Also Read: 

Exclusive: Global Founders Capital to invest up to $10m in Indonesia by year end

Jefrey Joe

Co-Founder & Managing Partner, Alpha JWC

Alpha JWC describes itself as a Southeast Asia venture capital firm with an Indonesia angle. It recently participated in a $27-million funding round in Indonesian fashion e-commerce startup SaleStock. The VC firm also exited Singapore-based co-working space provider SpaceMob that was acquired by US co-working giant WeWork.

Co-founder Jefrey Joe was earlier the COO of Groupon Indonesia and a strategy consultant at The Boston Consulting Group in the archipelago. He also co-founded online bill payment platform Sepulsa.com.

Jefrey has been an active angel investor in early-stage technology startups in Asia and the US, including aCommerce, Shopline and Vantage Sports. He is also an advisor at the Angel Investment Network Indonesia (ANGIN) and a mentor at The Founder Institute.

Also Read:

WeWork acquires Singapore’s Spacemob, to invest $500m in SE Asia, South Korea

 

Yasuhiro Seo

Partner, Spiral Ventures

Formerly known as IMJ Investment Partners, Spiral Ventures is a venture capital firm focused on investments in Southeast Asia, India, Japan and East Asia. The VC firm is aiming to hit the first close of its South Asia and SEA-focused fund at between $20 million and $50 million next month.

Yasuhiro manages the VC firm’s investments in Southeast Asia, especially in Indonesia and the Philippines, as well as India. Talking to DEALSTREETASIA about the investment opportunity in Indonesia in a recent interaction, he recently said: “There are more exits and startup creations in Indonesia, so the region is one of the most active. It’s very natural that there’s a lot of interest now for the country, considering the startup activity there.”

Also Read: 

Exclusive: Spiral Ventures eyes up to $50m for first close of Asia Fund-I

Stefan Jung 

Managing Partner, Venturra Capital

Stefan is Managing Partner at Venturra Capital, a $150 million fund focused on Southeast Asia. The VC firm’s portfolio companies include Indonesian education technology (edtech) startup Ruangguru and e-commerce startup Sociolla.

Before joining Venturra Capital, Stefan was a Partner at Monk’s Hill Ventures and Founder & Managing Director of Rocket Internet Southeast Asia, where he co-founded, amongst others, Zalora and Lazada.

His previous stints include those as a strategy consultant at The Boston Consulting Group and Bain & Company.

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.