The new Indonesian heritage fund keen to invest in the digital economy – Business
Vincent Fabian Thomas (The Jakarta Post)
Thu 17 June 2021
The Indonesia Investment Authority (INA), a recently founded sovereign wealth fund, has expressed interest in start-ups with the apparent aim of capitalizing on the rapid growth of the tech industry.
INA Director General Ridha Wirakusumah said investing in the digital economy will expand INA’s portfolio beyond infrastructure. The use of technology and digital development could create great opportunities, he said, while referring to the success of China’s quantum leap.
“We’re also looking at the adjacent digital infrastructure, whether it’s digital services or digital platforms, potentially investing in some of the unicorns that have proven business models,” Ridha said during a webinar. by the Indonesian Institute for Banking Development (LPPI) in June. ten.
Unicorns are start-ups valued at over US $ 1 billion.
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