On 5th December 2019, ANGIN’s Investment Analyst Robialmay Naufalmahdy attended BLOCK71’s Kopi Chat Deep Dive titled “Fundraising Landscape in Indonesia 2020”. Kopi Chat Deep Dive invited Eng Seet (VP Investment of Openspace Ventures, Manager of Qualgro), Ricky Willianto (Co-founder of Ravenry), Joshua Agusta (Director of Venture Fund Investments of Mandiri Capital Indonesia), Raditya Pramana (Partner of Venturra Discovery), Haryo Bimo (CEO & Co-Founder of Medigo), Wahyu Wrehasnaya (Co-founder & CFO of Kata.ai), and Harshet Lunani (Founder & CEO of Qoala).
As we’re approaching the end of year, the experts on this panel shared their opinions about the fundraising outlook for 2020. The key points from this discussion was that Indonesia’s economy is developing rapidly, especially in the startup sector. Indonesia recently welcomed its fifth unicorn, the digital payment service OVO, following Gojek, Traveloka, Tokopedia, and BukaLapak. The panelists also shared some advice for those who aspired to be an entrepreneur who wanted to create their own startup: always monitor your startup, try not to depend on shareholders, build a strong team, and focus on the customers.
