Shrinking middle class prompts Indonesian VCs to rework strategies

Shrinking middle class prompts Indonesian VCs to rework strategies

Photo by Denissa Devy on Unsplash

The declining purchasing power of Indonesia’s middle class, coupled with uncertainty over the new value-added tax (VAT) regime, has prompted local venture capital (VC) firms to reassess their investment strategies, with some doubling down on premium markets while others pivot towards mass-market solutions.

Edited by: Joymitra Rai