Saudi prince-linked VC said to be in talks for MDI Ventures's startup portfolio

Saudi prince-linked VC said to be in talks for MDI Ventures's startup portfolio

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Saudi Arabian venture capitalist Beta Lab is said to be in discussions to buy over 80% of the portfolio in MDI Ventures, the corporate venture capital arm of Indonesian state-owned telecom firm Telkom, in what could be one of the largest selloffs in the country’s startup sector.

Edited by: Joymitra Rai