Most Indonesian state-backed VCs have reportedly stopped making new tech investments
Tech in Asia reports that the pullback followed the TaniHub case. State-backed VCs previously backed GoTo, Bukalapak, Xendit and Kredivo.
TLDR
Tech in Asia reports that most of Indonesia’s state-backed VCs have stopped making new tech investments following the TaniHub case. It says weak exits, fewer deals and Danantara are also forcing state-owned VCs to rethink their role.
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