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 mar...