GK-Plug and Play Indonesia

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SoftBank Ventures Asia, founded in 2000, is a subsidiary of SoftBank Korea and part of the SoftBank Group. It is SoftBank’s early stage venture arm, with a geographical focus in Asia, the US, Europe and Israel. It was previously known as SoftBank Ventures Korea.SoftBank Ventures Asia links early-stage startups with SoftBank’s wider network of partners and businesses, which include Yahoo Japan and Alibaba (both of which SoftBank has stakes in), components manufacturers ARM and nVidia, and Indonesian e-commerce platform Tokopedia, which SoftBank has invested in. Outside of its focus areas of AI, robotics and IoT, SoftBank Ventures has invested in companies like sports analytics company bepro11, telehealth service Alodokter, and property rental management Mamikos.

Samsung Venture Investment, or Samsung Ventures, is the VC investment arm of South Korean diversified conglomerate Samsung Group. It is a separate entity from Samsung NEXT.Samsung Ventures primarily invests in semiconductors, telecommunications tech, software and internet companies, as well as biotechnology and medical companies. The VC is built to support new innovations that can lead to further improvements in Samsung’s existing businesses, which includes smartphones, home appliances, and components like OLED panels and Li-ion batteries.Samsung Ventures has invested in healthcare and wellness tech companies like Indonesia’s telehealth service Alodokter, posture correction device makers Posture360, and Noom, an app for dieting and exercise. In the sensors front, Samsung Ventures has invested in Sense Photonics, a startup creating 3D computer vision based on lidar for industrial and automotive (self-driving) purposes. Besides these companies, Samsung Ventures has also invested in insurtech companies and even gaming companies, such as Pokémon Go developer Niantic.

Andy Zain is a veteran businessman, executive and angel investor. The Monash University graduate worked in management roles in various Indonesian tech companies and also co-founded companies like Elastisitas and Numedia Global. He is well-known as a founding partner and managing director at VC Kejora Ventures. Andy is also part of ANGIN, the Indonesian network of angel investors that collaborates with Grupara Ventures.

Founded in 1979 by Indonesian businessman Ronny Lukito, PT Eigerindo Multi Produk Industri is an Indonesian apparel, accessories, bags, equipment and footwear company based in Bandung, capital of Indonesia’s West Java province. Its brands focus on tropical, outdoor adventure and urban, lifestyle gear and fashion. The company owns three brands, including Eiger, Bodypack and Exsport. Digital Happiness is the first company it funded. 

MDI Ventures is the venture capital arm of Telkom, Indonesia’s state-owned telco. It aims to invest in disruptive and innovative companies in the online, media, and mobile internet space. It also supports fledgling startups through Indigo, an incubator and accelerator program.

Indonesia’s first unicorn, Gojek started out providing on-demand app-powered motorcycle taxi services. The company quickly grew as it added more services, making use of its large fleet of riders and eventually branching out into logistics and payments. It has recently made investments in other companies, including Bangladeshi bike-taxi service Pathao, insurtech startup PasarPolis and has acquired payment tech companies Midtrans, Kartuku and Mapan. 

Goat Capital is a venture capital fund was set up by video livestreamer Justin.tv and Twitch co-founder Justin Kan and Robin Chan, also an angel investor and entrepreneur. Chan met Kan while working at Verizon Wireless when Justin.tv was being launched. Both have since become private investors for over 10 years, with early investments including Twitter, Xiaomi, Bird, Uber and Square. Established in September 2020, the fund’s name was inspired by the goat because good startup founders need to be agile and resilient to survive and be successful, according to Kan.Kan was also an early investor of Indonesian payment gateway Xendit before Goat Capital joined Xendit’s $150m Series C round in September 2021. Goat Capital’s portfolio includes corporate credit card startup Kodo, Indian neobank Bueno Finance, carbon capture developers Holy Grail and web development tool Spore. The hybrid incubator and VC fund has already secured $25m and aims to raise a total of $40m to invest in diverse sectors like digital health, e-commerce, robotics, climate change and gaming entertainment. Funding per startup would range from $500,000 to $3m.

The Mirae Asset Financial Group started in 1997 with Mirae Asset Global Investment and Mirae Asset Capital. The group's business interests focus on asset and wealth management, investments, and insurance. It has also invested in a range of companies, from logistics firm Shadowfax to AmazeVR. In 2018, it established a joint venture with Naver Corporation, one of South Korea's leading tech companies, and set up the Asia Growth Fund with $940m committed to VC investing in the region. The joint venture has backed Southeast Asian ride-hailing giant Grab, Indonesian e-commerce platform Bukalapak, and Singapore-based credit scoring firm FinAccel.

Central Capital Ventura is backed by Bank Central Asia (BCA), one of Indonesia's largest banks. The venture capital firm is focused on identifying and investing in fintech and other technologies that can potentially support BCA's own businesses and service ecosystem. Central Capital Venture has backed Indonesian microlending company JULO and Singapore payments processing company Wallex. It has also invested in Gerbang Pembayaran Nasional (GPN), Indonesia's new national card-based payment gateway system.

Adrian Suherman has over 19 years of management experience, including senior executive roles. He was the vice president of Indonesian telco Telkomsel and was also the CEO of aCommerce. Adrian was previously a software engineer for Sun Microsystems and had also worked at Sherikon Inc, Oracle, AT Kearney and LivingSocial.He is currently the CEO of Lippo Group’s digital branch and fintech firm OVO, as well as a commissioner of Lippo Group’s e-tailer MatahariMall.

KapanLagi Network (KLN) is a media company that was co-founded in 2003 by Steve Christian and Eka Wiharto. Originally launched as KapanLagi.com, it was later expanded with the additions of specialist platforms such as the news portal Merdeka.com and football website Bola.net. KLN later merged with the Fimela Network of lifestyle websites in 2014, transforming the group into one of Indonesia’s major online content and media services player. KLN is 52% owned by Singapore’s MediaCorp, with well-known clients like Bank Mandiri, Telkomsel, Allianz and Nestle.

Established as an Internet forum in 1999, Kaskus is one of Indonesia's most successful online communities, outlasting many other Indonesian dotcom companies established at the turn of the century. Originally hosted in the USA where its founders lived and studied at the time, Kaskus eventually branched out into content creation and online advertisements, growing via several investments and acquisitions.

Tunas Nusantara Kapital, also known as TNKapital, is an Indonesian early stage venture capital firm founded in 2017. TNKapital has invested in payroll software startup Gadjian, logistics and fulfilment firm Pakde, as well as employee attendance and management software Hadirr. Like many early stage venture capital firms, TNKapital also provides mentorship and networking support to its portfolio companies. 

Triputra Group is an Indonesian conglomerate with businesses in agriculture, manufacturing, trading and mining. It also runs a pension fund and a charitable foundation. The conglomerate was founded in 1998 by Theodore Permadi Rachmat, the former CEO of the Astra Group. It is a recent entrant in the startup investing scene; in 2018, it invested in retail startup Warung Pintar and fishery automation company eFishery.

Ideabox Ventures is a VC launched by Indonesian telecoms Indosat Ooredoo, Kejora Ventures and Mountain Partners SEA in November 2016. The VC was an addition to the existing annual accelerator Ideabox program that had nurtured startups like Dealoka, Pawoon and Wobe. More venture capital is expected to come from new partnerships with global institutions in Asia, Europe and North America. Early stage or pre-Series A funding of up to US$500,000 will be awarded to each startup, as well as strategic commercial consultancy and support services to boost the expansion of the VC’s portfolio firms.

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