Fund focus: Kejora's Eri Reksoprodjo on its leap of faith, exits, future PE play possibility

Jakarta-based VC firm Kejora Ventures Wednesday marked the first close for its second fund at $21 million (the vehicle is targeting to raise $80 million), securing commitments from high-profile investors across Asia Pacific such as Indonesia’s Barito Pacific family, Thailand’s Charoen Pokphand, and other high net worth individuals in the region. DEALSTREETASIA sat down with Eri Reksoprodjo, one of Kejora’s managing partners who joined the VC a year ago, to scoop a deeper insight about the recent close, exit strategies, as well as VC and startups scene in Indonesia and what makes it unique from the rest of its neighbors. This portal had first reported in January last year that Indonesia’s Kejora was on the road to raise its second fund which has a target size of $80 million. Edited interview excerpts.