Indonesia’s state-owned venture capital firms retreat to safety, Tech in Asia reports
Weak exits, fewer deals and Danantara are forcing these investors to rethink their role, Tech in Asia says.
TLDR
Tech in Asia reports that state-owned venture capital firms helped build Indonesia’s startup ecosystem but are now retreating to safety. The outlet cites weak exits, fewer deals and Danantara as pressures forcing them to reconsider their role.
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