Join four must-attend sessions at the Indonesia PE-VC Summit in Jakarta on January 12, 2023, to get a comprehensive view of venture capital activity and alternative funding sources and structures playing out in SE Asia’s top market.
We have also put together two sectoral theme-based discussions on the burgeoning EV sector and the big consumption story in Indonesia.
Featuring 18 speakers from top policymakers, investors, founders and startup leaders, these sessions will shed light on the big-picture investment outlook and set the context for discussions around Indonesia’s startup ecosystem.
1. Alternative capital sources & structures gain steam amid funding winter
- Abhishek Mittal, Partner, Aavishkaar Capital
- Paul Ong, Partner, InnoVen Capital SEA
- Joshua Agusta, Executive Director, Vertex Ventures Southeast Asia and India
- Fandy Cendrajaya, Partner, Kopital Network
- Kristie Neo, Editor, VC, Southeast Asia, DealStreetAsia (Moderator)
The global macro environment and stock selloff have started to severely impact the tech startup ecosystem as investors exercise caution. As growth-stage tech companies grapple with fundraising challenges, valuation resets and down rounds, the market seems ripe for alternative financing options. Companies are resorting to new instruments such as convertible notes, venture debt, pure debt, or bridge rounds to survive the storm. In this session, we will explore the growing appetite for new capital streams and also structures such as secondary financing, preferred equity, warrants, anti-dilution clauses and liquidation preferences.
We have put together a cross-section of panelists who bring deep expertise across various financing avenues to share their insights on new funding trends at play.
Innoven Capital SEA partner Paul Ong brings more than a decade of experience in corporate debt origination and structuring in Southeast Asia. He led more than 30 venture debt investments across the region to companies such as Ruangguru, Tiki, Akulaku and eFishery.
Joshua Augusta represents Vertex Ventures SE Asia and India, a prolific investor in Indonesia having backed homegrown startups including HappyFresh, Aruna, and TaniHub.
Aavishkaar Capital partner Abhishek Mittal manages the ESF First Fund – a vehicle offering non-dilutive structures to SMEs to meet their growth capital demand.
And, Fandy Cendrajaya manages Kopital Network, an angel investor network of startup founders and executives to help new Indonesian founders with funding and expert advice.
2. Consumption theme holds strong despite economic headwinds
- Eric Kim, Co-Founder and Managing Partner, Goodwater Capital
- Edward Tirtanata, CEO and Co-Founder, Kopi Kenangan
- Marsela Limesa, Co-founder and President, Somethinc
- Achmad Alkatiri. Founder & CEO, Hypefas
- Rohit Agarwal, Principal, Sequoia Capital
- Deepak I. Shahdadpuri, Managing Director, DSG Consumer Partners (Moderator)
Despite global uncertainty, Indonesia’s economic outlook remains strong thanks to its domestic demand driving growth. With a population of over 260 million and a growing middle class, Indonesia is the largest consumer market in SE Asia. Once known as an investment destination largely for natural resources and commodities, Indonesia has steadily been seeing growing interest in the consumer space that has not been left behind by digitalisation trends. As more and more consumers access products and services online, following the pandemic-induced consumer behaviour shift, newer models and blended channels are emerging to capture growth. Our panelists are at the forefront of the new consumption trends playing out in Indonesia.
Meet Deepak I Shahdadpuri, who set up DSG Consumer Partners in 2012 to invest in consumer-focused companies in India and Southeast Asia. DSG has invested in the restaurant booking app Chope, grocery e-mart Redmart, plant-based frozen food chain Kind Kones, and gummy vitamin brand YOUVIT, among others.
Sequoia Capital principal Rohit Agarwal, who sits on the board of Bibit, Kopi Kenangan, Lemonilo and others, joins this panel to share his insights. Prior to Sequoia, Rohit led teams at Housing.com and has been a founder himself.
We also have Eric J. Kim, co-founder and managing partner, Goodwater Capital, which has invested in leading consumer internet companies such as Coupang, Xendit, Viva Republica (Toss), MoMo, and EverlyWell.
From the founders’ side, we have Indonesian beauty company Somethinc co-founder Marsela Limesa. Somethinc-BeautyHaul has raised $10 million in Series B funding from Sequoia Capital India and Prosus Ventures. The panel will also feature Edward Tirtanata, co-founder and CEO of the Indonesian grab-and-go coffee chain Kopi Kenangan. Established in 2017, Kopi Kenangan entered the unicorn club last year after it raised $96 million in Series C funding.
Brand aggregator Hypefast founder Achmad Alkatiri will speak about building and scaling up digital native fashion, beauty, health and lifestyle brands across Indonesia, Singapore, Malaysia and Thailand.
3. Harnessing tech for mega returns: Indonesia continues to be a strong VC play
- Helen Wong, Managing Partner, AC Ventures
- Eddy Chan, Founding Partner, Intudo Ventures
- Jefrey Joe, Co-Founder & General Partner, Alpha JWC Ventures
- Karan Mohla, Partner, B Capital
- Andi Haswidi Head of Data & Research, DealStreetAsia (Moderator)
Despite global challenges, SE Asia, especially Indonesia, continues to remain somewhat insulated because of macro trends such as an expanding middle class, a young and digitally-savvy population, global demand for commodity exports and a relatively stable political environment. The macro drivers coupled with accelerated digitalisation have made the region attractive for venture capital activity. However, challenges remain when it comes to fundraising, building scalable companies and delivering strong exits from the region.
We have a group of prolific investors from the region who will share their perspectives on how they are navigating the current market cycle.
Meet Jefrey Joe of Alpha JWC Ventures, an Indonesia-focused early-stage firm that raised $433 million for its third fund in the largest final close by a SE Asian VC firm in 2021. Jefrey Joe is a venture capitalist with tech, product and consulting background. He sits on the board of some of Indonesia’s fastest-growing startups, including Kopi Kenangan, Kredivo, and Lemonilo.
AC Ventures managing partner Helen Wong was ranked among the top 100 VCs in China and the top 25 female VCs in China by Forbes. Prior to joining AC Ventures, she was a Partner at Qiming Venture Partners, focusing on its internet and consumer sectors. Prior to Qiming, she was a founding member at GGV Capital for approximately 10 years in China and Silicon Valley.
Eddy Chan is a founding partner of “Indonesia-only” independent venture capital firm Intudo Ventures. Intudo’s portfolio companies include Xendit, Pintu, Halodoc, Kargo, PasarPolis, Nalagenetics, Populix, and more. Intudo closed its third fund at $115 million in September last year.
Karan Mohla has 18 years of global experience with over 11 years in technology-focused venture investing. At B Capital, Karan Mohla leads early-stage investments in India & South-East Asia. B Capital Group this year closed its $250-million early-stage Ascent Fund II, which seeks to invest in pre-seed to Series A rounds globally.
4. Indonesia is on road to becoming EV hub but challenges persist
- Rachmat Kaimuddin, Deputy Minister, Coordinating Ministry for Maritime Affairs and Investment
- Irwan Tjahaja, Founder & CEO, Swap Energi
- Purbaja Pantja, Director & Chief Investment Officer, Indika Energy [Alva One]
- Patrick Adhiatmadja, Managing Director, PT Energi Kreasi Bersama (Electrum)
- Khamila Mulia, Senior Correspondent (Indonesia), DealStreetAsia (Moderator)
Indonesia’s nascent domestic electric vehicle [EV] industry is showing promise given the government’s intent to push investments and development in the sector to achieve a reduction in carbon emission targets. What is seen as accelerating EV sector development is the growth potential in the two-wheeler segment and increased adoption by ride-hailing and delivery giants as they seek to electrify their fleets. Indonesia is also intent on taking advantage of its large reserves of nickel to become a global hub for electric vehicle (EV) manufacturing and exports.
This panel features Indonesian deputy minister Rachmat Kaimuddin who will shed light on the efforts made to attract investments and develop the EV ecosystem in Indonesia.
From the EV industry side, we have Patrick Adhiatmadja, managing director, Electrum – a JV between GoTo and TBS Energi Utama. Electrum is targeting to start producing electric motorcycles in 2024. Hear from Purbaja Pantja, director & chief investment officer, Indika Energy [Alva One] on the firm’s vision to become an electric mobility champion and reshape sustainability. We will also feature Irwan Tjahaja, founder and CEO of Swap Energi, a startup that offers battery-swapping solutions for electric vehicles. In 2021, Swap launched its electric motorcycle brand called Smoot.
Register now for just $499 to be a part of these high-impact discussions and take away vital and actionable insights.