Indonesia's Telkomsel launches $40m VC fund targeting early-growth stage startups

Indonesia's Telkomsel launches $40m VC fund targeting early-growth stage startups

Indonesian mobile operator Telkomsel, a subsidiary of state-owned telecom firm Telkom Indonesia, has officially announced the launch of its VC fund with an initial corpus of $40 million as it looks to accelerate its digital transformation.

DEALSTREETASIA first broke the story on the proposed venture fund in December last year.

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