India-based venture capital firm Aavishkaar plans on bringing US$75 million of Series A funding to four countries with highest startup growth, and Indonesia is one of them.
As Aavishkaar’s Senior Investment Manager Adi Sudewa, the company’s representative for Indonesia said the Aavishkaar Frontier Fund (AFF) will be focussed outside India to provide Series A funding in farming, health, education, water and sanitation, and renewable energy sector.
There have been many big players entering Indonesia. Japan-based ones dominate the game, as names like SoftBank, CyberAgent Ventures andIMJ Investment Partner are supporting startups in the country. India and China-based investors seem to be interested as well.
http://e27.co/indias-aavishkaar-to-inject-us75m-into-indonesia-bangladesh-other-countries-20150703/
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