Indonesia: Telkom to boost collaboration with startups in digital space

State-owned telecom firm Telkom Indonesia is planning to boost partnerships with tech startups in the digital space to strengthen its business, a senior executive with the company said.

Telkom recently announced a partnership with online marketplace Tokopedia to allow customers to pay their monthly subscription fees to Indihome – Telkom’s pay TV, broadband internet and landlines in one package – through the platform. It is now in talks with other e-commerce players, such as Bukalapak, about similar deals.

Agus Winarno, Telkom’s operation vice president for consumer assurance, said that the company sees its future depend on collaboration with the digital space, as it grows and expands. The company continues to explore deals with many startups in the pipeline.

“We can’t only live off the connectivity side of the business, we’ve got to talk about content expansion as well. This is why we want to push collaboration with other service providers as well,” Winarno said in Jakarta.

Telkom has several partnerships with video streaming services for Indihome, which were secured last year.

The company has also been among the most active to invest in and mentor local tech startups. It set up a venture capital arm, MDI Ventures, back in 2015 with a commitment between $75 million ans $100 million for four years. Its most recent investment was a pre-series A round for marketing SaaS firm Kofera.

The VC targets mostly B2B businesses rather than B2C. With big investors now eyeing Indonesia as their target, MDI Ventures is more confident in disbursing its funds. The company aims to spend close to $25 million allocated for the year, hoping to find more Indonesian startups with global vision.

Also Read:

Indonesia: MDI Ventures leads pre-Series A round in marketing automation startup Kofera

Telkom’s MDI Ventures leads 8-figure round for aCommerce

Exclusive: MDI Ventures to invest $100m in startups, set to close 3 more deals by year-end

Indonesia lender BRI hires Telkom exec to boost fintech, to form VC unit

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.