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Indonesian venture capital firms upbeat about investments, IPOs

VC
JAKARTA (The Jakarta Post/ANN): Venture capital (VC) firms are bullish about investment growth in Indonesia and Southeast Asia in the medium term after seeing strong growth in start-up financing last year.
Indonesian VC investments grew 6.3 per cent year-on-year (yoy) to Rp 13.5 trillion (US$959.3 million) last year, Financial Services Authority (OJK) data shows, driven by the expansion of technology start-ups after countries imposed Covid-19 mobility restrictions in early 2020.
VC firms expect technology start-ups to continue growing this year and beyond as mobility restrictions in Southeast Asia spur the adoption of digital services for commerce, health, education and grocery shopping, among other areas.

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