Indonesia Investment Authority Set to Invest in Merah Putih Fund
Posted on 03/09/2022
The US$ 300 million Merah Putih Fund was launched on December 15, 2021. The fund will target Indonesian startups. The US$ 300 million commitment is from five Indonesian statee-owned enterprises. The Indonesia Investment Authority is set to become a limited partner in the Merah Putih Fund.
Based in Jakarta, Merah Putih Inc. supports the ecosystem by investing in early stage capital for promising local startups.