Indonesia's Sinarmas-backed SMDV to target later-stage investments with new fund

Indonesia's Sinarmas-backed SMDV to target later-stage investments with new fund

Roderick Purwana, Sinarmas.

Indonesian VC firm SMDV, an affiliate of diversified conglomerate Sinarmas Group, is targeting later-stage investments as it prepares to put together a second fund in the early part of this year.