Indonesian Hotel and Restaurant Association
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Co-founder and CEO of Payfazz
Hendra Kwik is a co-founder of mobile financial services firm Payfazz. Trained as a chemical engineer at Institut Teknologi Bandung where he earned his bachelor's in 2012, Hendra worked for oilfield services company Schlumberger from 2013 to mid-2015. Following a three-month sabbatical, he briefly joined O2O services company Kudo before establishing Payfazz in 2016. Hendra represented Payfazz at Y Combinator in 2017, making Payfazz the first Indonesian company to graduate from the renowned incubator program.
Hendra Kwik is a co-founder of mobile financial services firm Payfazz. Trained as a chemical engineer at Institut Teknologi Bandung where he earned his bachelor's in 2012, Hendra worked for oilfield services company Schlumberger from 2013 to mid-2015. Following a three-month sabbatical, he briefly joined O2O services company Kudo before establishing Payfazz in 2016. Hendra represented Payfazz at Y Combinator in 2017, making Payfazz the first Indonesian company to graduate from the renowned incubator program.
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.
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.
Co-founder and Technology & Innovation Director of Tanamduit
Ferry Aprilianto has over 17 years of experience as an IT engineer. From 2000 to 2005, he was a project manager at enterprise IT firm Jatis Solutions, where he worked on mutual fund distribution systems for major Indonesian banks. In 2005, he became an independent IT consultant, working for companies in Indonesia and the Philippines. In 2013, he joined the company that developed Bank Mandiri's e-cash system, Digital Artha Media, as an IT architect. Ferry graduated from the University of Indonesia with a bachelor's in Electrical and Electronic Engineering.
Ferry Aprilianto has over 17 years of experience as an IT engineer. From 2000 to 2005, he was a project manager at enterprise IT firm Jatis Solutions, where he worked on mutual fund distribution systems for major Indonesian banks. In 2005, he became an independent IT consultant, working for companies in Indonesia and the Philippines. In 2013, he joined the company that developed Bank Mandiri's e-cash system, Digital Artha Media, as an IT architect. Ferry graduated from the University of Indonesia with a bachelor's in Electrical and Electronic Engineering.
Co-founder and CMO of Madhang
Kaesang Pangarep is a vlogger and serial entrepreneur who first became famous through his YouTube vlogs, which sometimes involved his father, Indonesian president Joko Widodo. Kaesang had previously run his own fried banana business, Sang Pisang, before establishing home chef meal service Madhang in 2017, where he is chief marketing officer. Kaesang is concurrently the CEO of SKI Capital Partners, which provides funding to F&B startups and is a fourth year marketing student at the Singapore University of Social Sciences.
Kaesang Pangarep is a vlogger and serial entrepreneur who first became famous through his YouTube vlogs, which sometimes involved his father, Indonesian president Joko Widodo. Kaesang had previously run his own fried banana business, Sang Pisang, before establishing home chef meal service Madhang in 2017, where he is chief marketing officer. Kaesang is concurrently the CEO of SKI Capital Partners, which provides funding to F&B startups and is a fourth year marketing student at the Singapore University of Social Sciences.
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.
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.
RakSul is a Japanese online and outsourcing commercial printing services platform, with almost US$72 million in total equity funding in August 2016. Its US$350,000 Prinzio seed investment is its first venture outside Japan, giving it a 20% stake in the Indonesian printing startup.Founder and CEO Yasukane Matsumoto is set to acquire more printing start-ups in the Philippines and Singapore as part of the expansion into Southeast Asia. The Tokyo-based startup is often dubbed the Uber of printing, with flyers accounting for 60% of total print orders. It expected to start making profits in 2016.
RakSul is a Japanese online and outsourcing commercial printing services platform, with almost US$72 million in total equity funding in August 2016. Its US$350,000 Prinzio seed investment is its first venture outside Japan, giving it a 20% stake in the Indonesian printing startup.Founder and CEO Yasukane Matsumoto is set to acquire more printing start-ups in the Philippines and Singapore as part of the expansion into Southeast Asia. The Tokyo-based startup is often dubbed the Uber of printing, with flyers accounting for 60% of total print orders. It expected to start making profits in 2016.
The Ford Foundation is an international philanthropy established in 1936 by Edsel Ford, son of the founder of the Ford Motor Company Henry Ford. The foundation funds initiatives in various fields with the goal of advancing human welfare. Headquartered in New York, it has offices outside the US, including an Indonesian branch that was opened in 1953. In 2014, it awarded a total of US$750,000 to 12 projects through Cipta Media Seluler (CMS), an open grant that supports social change initiatives powered by mobile phone-related technologies in Indonesia.
The Ford Foundation is an international philanthropy established in 1936 by Edsel Ford, son of the founder of the Ford Motor Company Henry Ford. The foundation funds initiatives in various fields with the goal of advancing human welfare. Headquartered in New York, it has offices outside the US, including an Indonesian branch that was opened in 1953. In 2014, it awarded a total of US$750,000 to 12 projects through Cipta Media Seluler (CMS), an open grant that supports social change initiatives powered by mobile phone-related technologies in Indonesia.
Lin Hai majored in Materials Science and Engineering at Tsinghua University and holds an EMBA from China Europe International Business School (CEIBS). He co-founded A8 Digital Music in 2000, which later became one of the largest digital music platforms in China. Lin is currently the secretary-general of CEIBS Alumni Mobile Club’ southern offices and the president of Shenzhen Nanshan Cultural & Creative Industry Association.
Lin Hai majored in Materials Science and Engineering at Tsinghua University and holds an EMBA from China Europe International Business School (CEIBS). He co-founded A8 Digital Music in 2000, which later became one of the largest digital music platforms in China. Lin is currently the secretary-general of CEIBS Alumni Mobile Club’ southern offices and the president of Shenzhen Nanshan Cultural & Creative Industry Association.
Mónica Delclaux has over 30 years of professional experience in the financial sector, specializing in stock markets. She is a member of the Spanish Institute of Financial Analysts and the Spanish Association of Accounting and Business Management (AECA).Delclaux is the CFO of Magallanes Value Investors SA SGIIC, a Spanish asset management company offering portfolio management, equity, financial planning, and advisory services.
Mónica Delclaux has over 30 years of professional experience in the financial sector, specializing in stock markets. She is a member of the Spanish Institute of Financial Analysts and the Spanish Association of Accounting and Business Management (AECA).Delclaux is the CFO of Magallanes Value Investors SA SGIIC, a Spanish asset management company offering portfolio management, equity, financial planning, and advisory services.
Co-founder and CTO of Sonar
Mohammad Ridwan Agustiawan is an experienced software developer and self-professed gamer. He graduated from RWTH Aachen University in Germany, with a master’s in Informatics. He worked there as a research assistant between 2007 and 2009 before returning to Indonesia. He worked as a programmer and product manager in various companies such as Indonesian adtech startup SITTI, before joining digital marketing agency Kana Cipta Media where he still works as acting manager of its technical department. He is also a co-founder and CTO of Sonar, a digital media analytics platform.
Mohammad Ridwan Agustiawan is an experienced software developer and self-professed gamer. He graduated from RWTH Aachen University in Germany, with a master’s in Informatics. He worked there as a research assistant between 2007 and 2009 before returning to Indonesia. He worked as a programmer and product manager in various companies such as Indonesian adtech startup SITTI, before joining digital marketing agency Kana Cipta Media where he still works as acting manager of its technical department. He is also a co-founder and CTO of Sonar, a digital media analytics platform.
Co-founder and ex-CEO of Tiket.com
A self-taught cybersecurity enthusiast, Wenas Agusetiawan was able to hack into various Indonesian and Singaporean networks at a young age. Luckily, he was 16 and escaped with only a penalty fine whilst living with his family in Singapore. He left to study in Australia and eventually became an IT professional. Wenas graduated in 2008 with a bachelor’s in Computer Science from the British Columbia Institute of Technology, Canada. He founded software developer PhaseDev, gaming platform Bouncity and e-book distributor WayangForce. In 2011, he co-founded Tiket.com but stepped down as CEO after the acquisition by Blibli in 2017.
A self-taught cybersecurity enthusiast, Wenas Agusetiawan was able to hack into various Indonesian and Singaporean networks at a young age. Luckily, he was 16 and escaped with only a penalty fine whilst living with his family in Singapore. He left to study in Australia and eventually became an IT professional. Wenas graduated in 2008 with a bachelor’s in Computer Science from the British Columbia Institute of Technology, Canada. He founded software developer PhaseDev, gaming platform Bouncity and e-book distributor WayangForce. In 2011, he co-founded Tiket.com but stepped down as CEO after the acquisition by Blibli in 2017.
Co-founder and CMO of Trax Center
Before founding the smart vehicle tracking app Trax Center, Hendy Wijaya had worked in the automotive industry for five years, from distributing spare parts to managing repair shops and car rentals. Based on his work experience in the industry, Hendy felt that the vehicle tracking systems that were available in the Indonesian market were inferior. He saw an opportunity to develop a better vehicle tracking solution and created Trax Center. The smart vehicle tracking system was jointly developed with two friends, a software developer Hadi Darmanto and a consumer behavior analyst Ganjar Setyanegara.
Before founding the smart vehicle tracking app Trax Center, Hendy Wijaya had worked in the automotive industry for five years, from distributing spare parts to managing repair shops and car rentals. Based on his work experience in the industry, Hendy felt that the vehicle tracking systems that were available in the Indonesian market were inferior. He saw an opportunity to develop a better vehicle tracking solution and created Trax Center. The smart vehicle tracking system was jointly developed with two friends, a software developer Hadi Darmanto and a consumer behavior analyst Ganjar Setyanegara.
ex Co-founder of Travelio
A programmer turned management executive, Furia Agustinus has over 16 years of work experience in the US and in Indonesia. After graduating with a bachelor’s in Computer Science in 2001 from Cornell University, USA, Furia worked as a programmer for Oracle for three years.In 2004, he returned home to work at Indonesian bank BCA and AIA Financial. In 2013, he joined PT Surya Semesta Internusa Tbk and was part of the co-founding team that built the company’s new tech subsidiary that was later branded as Travelio. He left Travelio in 2016.
A programmer turned management executive, Furia Agustinus has over 16 years of work experience in the US and in Indonesia. After graduating with a bachelor’s in Computer Science in 2001 from Cornell University, USA, Furia worked as a programmer for Oracle for three years.In 2004, he returned home to work at Indonesian bank BCA and AIA Financial. In 2013, he joined PT Surya Semesta Internusa Tbk and was part of the co-founding team that built the company’s new tech subsidiary that was later branded as Travelio. He left Travelio in 2016.
Co-founder and Chairman of Bareksa
Karaniya Dharmasaputra is a media industry veteran, trained in public policy and communications-related affairs. He was managing editor at TEMPO, an Indonesian news magazine and had a brief stint as a broadcast journalist with Voice of America (VOA). In 2008, Karaniya left TEMPO to establish VIVA, a news and entertainment portal. He subsequently moved on from VIVA in 2013 to establish Bareksa, an online investment portal dedicated to mutual funds.Karaniya is also President Director of KLY Digital Media Group, a holding company for digital content platforms owned by Emtek.
Karaniya Dharmasaputra is a media industry veteran, trained in public policy and communications-related affairs. He was managing editor at TEMPO, an Indonesian news magazine and had a brief stint as a broadcast journalist with Voice of America (VOA). In 2008, Karaniya left TEMPO to establish VIVA, a news and entertainment portal. He subsequently moved on from VIVA in 2013 to establish Bareksa, an online investment portal dedicated to mutual funds.Karaniya is also President Director of KLY Digital Media Group, a holding company for digital content platforms owned by Emtek.
Tenaya Capital was originally founded in 1995 as Lehman Brothers Venture Partners. In 2009, following Lehman's bankruptcy, Tenaya was spun off into an independent company, with HarbourVest Partners acquired their existing investments. Since then, Tenaya has invested in some major tech companies, including event ticketing company Eventbrite, early fashion e-commerce firm Zappos, and Uber competitor Lyft. They have so far made two investments into Indonesian companies: agritech e-commerce platform TaniHub, and “Uber-for-logistics” company Kargo Technologies. Tenaya typically invests in Series B and Series C rounds, although they have gone into Series A and later rounds as well.
Tenaya Capital was originally founded in 1995 as Lehman Brothers Venture Partners. In 2009, following Lehman's bankruptcy, Tenaya was spun off into an independent company, with HarbourVest Partners acquired their existing investments. Since then, Tenaya has invested in some major tech companies, including event ticketing company Eventbrite, early fashion e-commerce firm Zappos, and Uber competitor Lyft. They have so far made two investments into Indonesian companies: agritech e-commerce platform TaniHub, and “Uber-for-logistics” company Kargo Technologies. Tenaya typically invests in Series B and Series C rounds, although they have gone into Series A and later rounds as well.
The edtech startup formerly named Squiline hopes greater fluency in English can boost Indonesia's creative and tourism sectors
Indonesia 2021 outlook: VCs "cautiously optimistic" on Southeast Asia's largest country
Investors expect Indonesian startups to regain their growth opportunities when the economy reopens with the Covid-19 vaccine rollout, even as some online living and working habits have stuck
Meituan, the “Amazon for local services”
Now worth over US$50 billion, the company has always focused on one end-goal: help consumers eat better, live better
Amid Covid-19 gloom, some bright spots in Portugal's tech startup scene
Despite a recession and doubling of the unemployment rate forecast this year, it's not all bad news for the Portuguese tech ecosystem
Jesús Encinar: The Man Behind Idealista and 11870.com
Entrepreneur, angel investor and down-to-earth idealist
Meituan-Dianping’s Wang Xing: From struggling copycat to IPO billionaire
As the internet startup sets to list in Hong Kong this week, we take a look back at the journey of its founder Wang Xing, once dubbed “the unluckiest serial entrepreneur”
Medigo teams up with Indonesian Medical Association to launch primary care clinic network
Medigo aims to support healthcare operators with its clinic management SaaS, booking and medical records app for patients and more
Get fit and healthy with these Indonesian wellness startups
The wellness lifestyle trend continues to grow in popularity in Indonesia, and startups want a piece of the action
HighPitch 2020: Waste management play Octopus, digital concierge service Izy win Makassar battle
Both startups have scored strong traction despite the weight of Covid-19; they are also expanding and keen to explore new opportunities
Amid IPO talk, Meicai continues to push for growth in bid to become China's Sysco
Covid-19 helped speed up expansion to the B2C market for Meicai, China’s most valuable agrifood tech unicorn founded by a farmer’s son
In Spain, women are busy launching startups
Official data show women-led startups are on the rise in Spain. We take you to some of the biggest names in the game
No dine-in, no problem: Hangry’s cloud kitchens thrive amid Covid-19
Learning from global F&B franchises has helped Hangry expand rapidly, maintain quality and set expansion goals despite the pandemic
Healthy eating: The Southeast Asian startups making it a breeze
From meal plans to novel ingredients, agriculture and foodtech startups in the region are developing new ways to improve nutrition without sacrificing taste
Spain's gig and sharing economy startups flourish, despite barrage of restrictions
Startups like Glovo and Spotahome topped fundings raised in 2018 despite local regulatory risks, as Spanish tech firms conquer overseas markets
F&B supplier STOQO collapses, a casualty of Covid-19 restaurant closures in Indonesia
A once promising startup, STOQO's woes reflect the challenges faced by the local F&B industry, which is finding new ways to stay afloat
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