Telkom’s MDI Ventures to invest $25m in 10 Indonesian startups in 2016

Photo by Telkom

Indonesia telecom operator Telkom’s venture arm, Metra Digital Innovation (MDI) Ventures, said it will allocate Rp 300 billion ($25 million) to invest in 10 startups this year. The move is part of state-owned Telkom’s initiative to enable innovation and build synergy with the group’s core business.

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