Indonesian family-owned businesses spot big promise in tech startups

Indonesian family-owned businesses spot big promise in tech startups

(From left to right) Alvin Sariaatmadja, CEO of Emtek Group; Jesslyne Widjaja, Executive Director at Golden Agri Resources; John Riady, CEO of Lippo Karawaci Tbk; Anthoni Salim, CEO of Indofood Sukses Makmur Tbk

Indonesia’s prominent family-owned conglomerates are increasingly evincing interest in emerging technology businesses as they gear up to grab a bigger slice of the burgeoning startup ecosystem in the country.

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