Some VCs reportedly back palm oil traders and artisans in Indonesia
Tech in Asia reports that foreign venture capital investors are pulling back from Indonesia, while some investors are still funding familiar businesses rather than startups.
TLDR
Tech in Asia reports that some venture capital investors are backing palm oil traders, artisans and small businesses across Indonesia rather than AI startups. As foreign VCs pull back from the country, these investors are betting on businesses they already understand instead of chasing the next unicorn.
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