Indonesia's MDI Ventures has closed a new $500-million fund designed to invest in startups that can partner with state-owned firms.
JAKARTA: Indonesia's MDI Ventures has closed a new $500-million fund designed to invest in startups that can partner with state-owned firms, the venture arm of state-backed telecoms firm Telkom said on Tuesday.
The move is part of Indonesia's strategy to make its telecoms giant more profitable and help modernize state companies in Southeast Asia's largest economy.
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