The brand aggregator's investment vehicle fund is tasked with acquiring small majority stakes in local consumer businesses.
Indonesia-based brand aggregator Open Labs has launched a $100m fund to acquire direct-to-consumer (D2C) brands.
Open Labs specialises in providing operational support to brands with high-growth potential and help them accelerate their development, scale their operations and boost their expansion.
The fund will buy stakes of about 51% in portfolio companies, allowing founders to maintain a significant role in the development and operations of their businesses, according to DealStreetAsia.
The vehicle will target local brands generating about Rp 3bn ($21.5m)…
