Telkom Indonesia's corporate venturing fund is reportedly aiming signficantly higher in a year where seed and later-stage funds are on the horizon.
MDI Ventures, the corporate venturing arm of Indonesia-based, state-owned telecommunications company Telkom Indonesia, is planning to raise between $300m and $500m for its second fund, DealStreetAsia reported yesterday.
The news was revealed by Budi Gunadi Sadikin, deputy minister at Indonesia’s state-owned enterprise ministry, who was speaking at the Devcon/Indonesia Digital Economy Summit 2020 event held by software provider Microsoft.
“The commitment that I will give as part of the ministry is that I will push and approve of Telkom’s second…
