Myanmar conglomerate UMG's venture arm eyes co-investment deals in Indonesia

Myanmar conglomerate UMG's venture arm eyes co-investment deals in Indonesia

Sule Pagoda, Yangon, Myanmar. Photo: Harish Shivaraman/Unsplash

UMG Idealab, the venture capital arm of Myanmar trade conglomerate UMG Group, says it seeks potential co-investment opportunities with Indonesian VCs as it begins to explore investing beyond its pre-seed stage expertise.

“We are talking to fellow VCs for potential financing collaboration and also to scale up our potential,” said UMG Idealab venture partner Jefry Pratama.

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