Monk

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Christian Sutardi graduated in 2010 with a degree in Finance and Management from the University of Hamburg in Germany. After working as an analyst in Germany for eight months, he moved to Indonesia to join Foodpanda as head of Sales and Operations until February 2013. He co-founded Lolabox, a beauty box service that was shut down after one year due to procurement problems in 2014. He then worked at Monk Hill’s Ventures as an associate for a year before leaving to become a co-founder of Fabelio in 2015. He is also an Endeavor entrepreneur.

Monk’s Hill Ventures is an investment company that builds on the partnership of entrepreneurs who have built and backed global companies based in Silicon Valley and Asia. The firm’s investors are driven to help Southeast Asian companies to expand globally. 

Founded in 2011 in Leipzig, Monkfish Equity offers a hands-off investment approach, providing funding of €0.5m–€2m to enterprises across market segments in Germany, other European countries and the US.The firm is run by the co-founders of travel and hotel platform Trivago. Monkfish’s portfolio of 12 companies mainly comprises businesses in the B2C markets. Investments include the $54m Series B round of Austrian marketplace Refurbed in August 2021 and the €8m Series A round of Inne, a German fertility-tracking platform in October 2019.

Budiman Wikarsa is an engineering graduate from Purdue University. He worked in management consulting firms including AT Kearney and McKinsey. He joined the Grameen Foundation as a project manager in 2007 and helped Aldi Haryopratomo to co-found and run the social enterprise Ruma from 2009 to 2011.Budiman is currently the head of strategic partnership at Monk’s Hill Ventures. He has an MBA from Northwestern University and had also worked for the transition team that assisted the Indonesian President Joko Widodo in 2014.

H&M’s first shop was founded 74 years ago in Sweden by Erling Persson under the name “Hennes”, Swedish for "hers" since the shop was selling only women's apparel. In 1968, Persson expanded into menswear by acquiring Swedish retailer Mauritz Widforss. Hence the rebranding of the company into Hennes & Mauritz (H&M). In 1974, H&M was listed on the Stockholm Stock Exchange. Since then, H&M has expanding internationally opening its first store in London and the rest of Europe and also to the US in early 2000.In 2008, the company also moved into the home furnishings segment and launched H&M Home stores worldwide. The fashion chain can now be found across Europe, the US, Asia and the Middle East. The group expanded further by acquiring fast-fashion brands like Weekday, Monki and Cheap Monday. In April 2021, H&M Group announced a collaboration with textile cleantech Infinited Fiber to launch proof-of-concept denim created wholly from regenerated textile waste as part of its commitment to use only recycled or sustainably sourced materials by 2030.

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