Intudo Ventures: Grooming returning overseas talent for an Indonesia-only bet

Intudo team members (L to R): Eddy Chan, Ashley Suhalim, Isaura Tjhiater, and Patrick Yip ©Intudo Ventures

Combining the experience and networks of foreign-educated Indonesians with local distribution channels, Intudo’s hyperlocal strategy has attracted $200m in managed assets 

The Intudo Ventures website tells you that it’s an “Indonesia-only fund,” investing in companies that operate in Indonesia. Founding Partner Eddy Chan has a more colorful way of putting it: Intudo Ventures is a “nasi goreng-only” fund, referring to Indonesian-style fried rice. “It’s a one-dish strategy,” Chan told CompassList in an interview. “We don’t have tom yum or pad thai or Vietnamese pho, and we’re not a Southeast Asian buffet.”With Indonesia contributing nearly half of Southeast Asia’s GDP and population, any prospective regional unicorn would likely want to access its market. For...
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