Zhexin IT Co’s investment arm Discovery Nusantara Capital (DNC) has announced a $10 million fund to invest in the Southeast Asian gaming industry. The company said it will specifically focus on Indonesian companies.
“When we look at the Indonesian market, we see many players that are just like the way we were in 2010,” said Irene Umar of DNC, as reported by DailySocial.
“So we would like to help these players grow–not only by giving funds, but also by transferring accumulated knowledge, experience, and resources for fellow gaming industry players. Through DNC, we want to create a positive impact in Indonesian gaming industry,” she added.
Zhexin IT was established in 2010 as a game maker company with only four staff. Since then, the company has grown into an important player with 260 employees and market capitalization of $4 billion.
Zhexin IT’s parent company is Zhejiang Jinke Entertainment Culture, which announced a partnership with Project Discovery Ltd to create DNC.
Umar said DNC will not set a special criteria for sectors it’s going to invest in. It could be anything from console, PC, to mobile. DNC also does not set a pre-determined amount of investment for each startup.
“We will not be putting a ‘price tag’ on a startup before we have a clear idea on what the founders want to do and how they intend to do it. Every company is unique and deserves its own special attention,” Umar said.
She further revealed that DNC has invested in a game company, and will close a second deal soon. However, she declined to reveal the startups’ identities and the investment amount.