Indonesia's Telkom to launch new VC fund of up to $500m, says minister

Indonesia's Telkom to launch new VC fund of up to $500m, says minister

Central Park, Jakarta, Indonesia. Photo by Severinus Dewantara on Unsplash

MDI Ventures, the venture capital arm of Indonesia’s state-owned telecom firm Telkom Indonesia, is set to launch a new fund of up to $500 million, according to the country’s State-Owned Enterprise Deputy Minister Budi Gunadi Sadikin.