Tag: angin news

ANGIN Internship: Kampus Merdeka Program

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ANGIN (Angel Investment Network Indonesia) is one of the industries in Indonesia that support this program by cooperating with universities to provide internship opportunities for students. There are 19 apprentices named ANGIN Internship Program (AIP), they are from 17 different cities and 15 different universities. This program has been running for two months and will end on December 24, 2021.

In ANGIN Internship Program (AIP), all interns have been working and participated in several projects such as Kedaireka, DFAT, Tanoto, and INTRA. AIP Interns gained a lot of new skills in writing, analyzing data and communication strategy. Within this program they also got new knowledge and networking for their future career ahead.

In a fast-paced world, Generation Z must be able to keep up with technological changes, therefore they must compete with each other to collaborate and take advantage of increasing their knowledge and competence. The lack of opportunity to meet face to face due to the outbreak, especially in schools and workplaces, makes us unable to communicate effectively. Understanding this, the Minister of Education and Culture, Research and Technology of the Republic of Indonesia, Nadiem Anwar Makarim decided to run the Merdeka Belajar – Kampus Merdeka (MBKM) program in a various forms including internship program, as a form of government assistance for students quality growth. In particular, this internship program will guide students in understanding the work environment system and prepare them for the work environment in the future.

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Wirausaha Hijau: New Program Launched by ANGIN

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About Wirausaha Hijau Program

Supported by Ford Foundation and the Ministry of Home Affairs Republic of Indonesia, ANGIN is proud to launch the “Wirausaha Hijau” program. The program aims to unlock and accelerate growth for early-stage Indonesian entrepreneurs by enhancing access to impact investment coupled with 1-on-1 mentorship with value chain experts.

Over the course of 12 months, selected entrepreneurs will get access to funding from trusted investors, structured mentorship from experts and practitioners, as well as access to partnership networks as needed. Wirausaha Hijau targets entrepreneurs who are at the post proof-of-concept stage and have innovative solutions to solve cross-cutting challenges in the agriculture, agroforestry, and food systems value chain.

Event Recap

Wirausaha Hijau program was officially launched on Wednesday the 6th of October 2021. The launching event was held online and featured welcome speeches from key stakeholders, namely Alexander Irwan (Director of Ford Foundation), Sri Purwaningsih (Secretary of Directorate General of Regional Development at Ministry of Home Affairs), and Director of ANGIN Foundation, Saskia Tjokro.

Event audiences gained valuable insights from the two panel discussions that boasts key stakeholders Ahmad Dading (Director for SME and Cooperative Development at BAPPENAS/Indonesian Ministry of National Development Planning), M. Pradana Indraputra (Special Staff of National Entrepreneurship Development at Minister of Investment/BKPM), Diva Tanzil (Sustainable Finance Consultant at Rabo Foundation), and outstanding start-ups and entrepreneurs; Dien Wong (PasarMikro), Natalia Rialucky (TaniHub), and Rendria Labde (Magalarva). 

The panel discussions tackled a variety of topics from the current state of the investment and regulatory ecosystem in Indonesia, to the journey and challenges faced by entrepreneurs and impact investors, followed by a presentation by ANGIN’s Impact Investment Lead, Benedikta Atika on the program mechanism and call for proposal.

What’s Next?

The event was just a kick-start to the exciting activities to come. ANGIN is currently calling for applications from entrepreneurs, and are keen to engage with potential investors and other partners to collaborate!

Learn more about Wirausaha Hijau

She Loves Tech Indonesia: Final Pitch Day 2021

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Congratulations, She Loves Tech Indonesia Winners!

She Loves Tech is the world’s largest startup competition for women and technology, seeking out and accelerating the best entrepreneurs and technology for transformative impact. 

In Indonesia this year, She Loves Tech is led and organized by Teja Ventures with local main partner ANGIN, and we’re also joined by 18 local community partners.

Prior to the Final Pitch Day, our 12 finalists have gone through a series of mentoring sessions, VC Officer Hours with She Loves Tech Southeast Asia, and an exclusive workshop organized by KUMPUL.

On September 22nd, we finally held our Final Pitch Day and announce the 3 winners from Indonesia. The first winner of this local round will be representing Indonesia in the She Loves Tech global stage, competing with 25 finalists from more than 40 countries.

First Winner

Second Winner

Third Winner

Ibunda

A platform for mental health care providers and strives to increase the availability of psychological services for individuals and professionals

Neurafarm

A smart farming company focus in improving productivity in the agriculture industry through technology and building a more resilient and sustainable agriculture ecosystem in Indonesia and beyond. 

Nona

A platform that focus on improving women’s health in Indonesia through awareness, conversation and access to health products.

As the first winner of Indonesia local round, Ibunda will be representing Indonesia in this year’s global finals! We wish you the best and good luck!

Thank You

She Loves Tech Indonesia 2021 couldn’t be completed without the help and support from our esteemed judges, mentors, and local community partners!

Sending our heartfelt gratitude to the whole of She Loves Tech community: 

12 startup Finalists:
Algobash, Allure AI, Jahitin.com, keyta, Lakuliner, Mamaguru Co-Teaching Network, QYOS, SIAB Indonesia , Surplus (PT Ekonomi Sirkular Indonesia), Ibunda, Neurafarm, Nona

Organising Team & Main Local Partner:
She Loves Tech, Teja Ventures, ANGIN

Global Partners & Media Partners:
ADB Ventures, Potato Productions
Kr Asia, Oasis by Kr Asia

Judges:
Aditya Hadiputra, Bianca Belnadia Lie, Jeffrey Paine, Patricia Sosrodjojo, Veronica Erwin

Mentors:
Alvin Cahyadi, Atika Benedikta, Avina Sugiarto, Deandra Fidelia Marbun, Dharmadi Gusanto, Dhia Izza Nabila, Dewi Purnamasari, Dinda Hervi, Jake Booker, Maria Natashia, Natasha Gunawan, Tania Shanny Lestari

Local Community Partners:
AVPN Indonesia, ANDE South Asia, BWork Bali, CompassList, DailySocial, Femme in Stem, GoWork, IBCWE, Instellar, Indigo, KUMPUL, Shinhan Future’s Lab, Plug and Play Indonesia, SIAP, Stellar Women, Tinc, Women in Tech, Xendit

End of article.

Evo & Co. Secures Seed Funding from ANGO Ventures

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Evo & Co, Indonesia’s leading group of brands that focuses on providing solutions to end plastic pollution secures an undisclosed amount of seed funding from ANGO Ventures. ANGO Ventures is an early-stage venture capital led by one of ANGIN’s clients, Mariko Asmara. The seed funding will be used for working capital purposes. 

Founded in 2016, Evo & Co. began with groundbreaking innovation from seaweed called Ello Jello edible cup, produced by their first brand, Evoware. After winning numerous awards and gaining demands, Evo & Co. determined to expand the business by offering a wider range of solutions, which were marketed under their second brand Evoworld. Under the leadership of CEO and founder, David Christian who was also featured as Forbes 30 under 30, Evo & Co. is also actively promoting sustainable lifestyle through our collaborative movement: Rethink Campaign.

Find out more about Evo & Co and visit their website www.rethink-plastic.com

About ANGO Ventures

ANGO ventures is a venture capital company that focuses on businesses that have social impact and profitability. The founders are notable entrepreneurs and investors, Mariko Asmaraand  Andy Gozali.

In 2015, she stepped down as CEO at JAC Recruitment and embarked on her angel investing journey. Six months later, she made her first investment in an Indian women’s safety app and co-founded Ango Ventures, a venture capital firm. Currently, Mariko Asmara took on the role of President at JAC Recruitment.

Get to know more about ANGO Ventures and visit their website here

New Fund Structure in the Field

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This article is written based on the discussion note on Tinc Investor Networking.

Visit Tinc Investor Networking Main Page here.

The Rising of New Funds

Indonesian startup ecosystem and venture capital industry has been growing for over 10+ years. Despite the economic slowdown due to the pandemic, the Indonesian Venture Capital and Startup Association (Amvesindo) data show that US$1.9 billion in capital has been raised by 52 start-ups in Indonesia as of September 2020.

The association expects the year-end figure to reach US$2 billion, which would be lower than last year’s $2.9 billion in capital raised by 113 start-ups. At the same time, VCs’ assets rose 15.9 percent year-on-year to Rp 18.9 trillion ($1.3 billion) as of September compared to Rp 16.3 trillion over the same period in 2019, according to Financial Services Authority (OJK) data [1].

According to data from DealStreetAsia, Indonesia absorbed the biggest share of the $2.7 billion in fundraising deals booked in Southeast Asia in the second quarter of 2020 at 45.8 percent. Singapore came second with 33.2 percent of the deals, while Vietnam followed with 7.9 percent [2]. 

With the room for growth, the VC industry is still in its infancy stage whereas the th industry emerged around 2010. Currently there are Misalignment of incentives, and too often an intent to control the venture’s direction because of immaturity of the ecosystem across the investor spectrum. There are also less adequate models of business wherass the country’s well documented talent paucity generates too little. With that being said, venture capital structures have also grown to adapt to be able to support the needs of the market.

More foreign investors are coming to Indonesia and applying several new approaches, strategies, and structure to better support the market opportunity. Existing VC structures are not able to fill the gap existing in the ecosystem, hence new structures are needed to address the financial gaps like venture studio funds, revenue share funds, corporate venture capitals (CVCs), Angel Investment Vehicles, for example Beacon Fund, Founders First Capital Partners, Antler, and New Energy Nexus, etc.

Increasing Trends: Corporate Venture Capitals

Structures like corporate venture capital in Indonesia predominately sought funding from local investors. According to Badan Koordinasi Penanaman Modal (BKPM) or the Indonesian Investment Board data estimated foreign investments (Foreign Direct Investment) to the digital sector until January 2020 was ke sektor around $1,3-2,4 billion or  about 15%-20% from total foreign direct investment that came in amounting of  $9-12 billion each year [3].

With the room for growth, more CVCs are fundraising from foreign investors. State owned Bank CVCs such as  MDI Ventures, Mandiri Capital Indonesia (MCI), and BRI Ventures are leading the trend. On the other hand, family backed investment arm such as Prasetia Dwidharma is focusing on deploying investments to startups with potential strategic alignment with their business, whilst also stepping in as venture partner in state owned CVCs such as MDI, where Arya Setiadharma (CEO of Prasetia Dwidharma) act as a venture partner since 2019. By accessing foreign investment and synergies with other family offices investment arm, an increase of activity of investment should follow.

In comparison, in the United States, Corporate VCs as a group were involved in 23 percent of all investment deals made in external startups in 2018 [4]. Pegasus Tech Ventures partner, Justin Patrick who participated in the discussion shared;

Although there are lots of room for corporations to jump into VC, however strategic, these corporate investors will still have different KPIs compared to independent VCs.
Justin Patrick
Pegasus Tech Ventures

New Breed of Investors Coming In

We have seen new structures of funds (not the typical LP/GP structure). We have seen CVCs and we are seeing more experienced entrepreneurs venturing to build a small fund and act as catalysts such as Init-6 Fund and Kopi Kenangan Fund. These news structures will also affect the different fees and structuring in the fund, especially when it comes to the different fees and structuring between early and growth stage funds.

Capital requirement is very different from pre series to growth stage. Justin Patrick illustrates that in Indonesia, seed round of $ 1 million size of fund can deploy to up to 20 investments. With a Series B round with the size of $ 20 million, the participating General Partner (GP) needs a fund size of  $ 200 – 300 million.

However, Sagar, the ex-founding member of IWEF and the moderator of the discussion mentioned that GP also has different competencies, thus the said structure is not always what we see in Indonesia and arguably not always the most applicable structure.

Despite the structure that we know as metioned by Justin, the GP structure is not always the case. Every GP also brings different competencies.
Sagar Tandon
Moderator

Talent Investing Funds

We have also seen talent investing funds in the start up industry such as Antler, New Energy Nexus, and TMI with tinc as their accelerator counterpart under the Indonesian biggest state owned telecom company, Telkomsel. Their strategy also includes investing in promising talents however, the SVP of TMI, Andi Kristianto shares a concern around talent paucity in the market thus hindering them to deploy available capital. He stated that there’s a need of supporting and securing the sustainability of the idea seeded from incubators or accelerators.

Accelerator or incubators like Tinc can be an entry point. We see early-stage companies have great ideas and are able to position a good pricing. However, the talents has to have the agility to create more innovations in order to move to a larger stage and they should gain this support from accelerators and incubators.
Andi Kristianto
SVP Corporate Strategy and Strategic Investment, Telkomsel

Venture Studios

With that being said, the need for a venture structure that provides capacity building support and management is greatly needed. That’s why  another structure that is also becoming much more popular is Venture Studios, which is a new emerging innovation in the field of venture capital. It’s a very close structure to the high-touch venture-capital model, which follows a concentrated portfolio strategy and provides beyond capital support, primarily value-added services and human capital.

The structure show promising future due to the three distinctive characteristics which make it attractive which are 

  1. Increase ownership in the venture
  2. Increase participation in the enterprise, and hence
  3. Increase the chances of success. The exit rate is higher in studios (~ 35%) than in accelerators (~ 20%), which seems to confirm that a venture created by a studio fails less often than any other venture. According to the GSSN, a studio startup can achieve TVPIs of 10 [5].


Aside from increasing the success rate, there is a high opportunity to increase Impact. Building tech-ventures in the impact spaces are generally ignored by tech ventures and entrepreneurs, as they are still catering to the top 1% of the population. The venture studios allow these impact driven businesses to grow. In the discussion, Sagar mentioned several types of venture studios and potential structures or model [6]

Types of Venture Studios and potential structures and models

  1. Internal Ideas and team: The studio team comes up with an original idea to build a venture.
    Model: VC Fund structure, Concentrated portfolio, and VC High-portfolio support
  2. Investing and building with a talent/founder: Venture Studio acts like a founder or supporting-founder (Chameleon) to construct the venture from scratch.
    Model: VC Fund structure, Concentrated portfolio, and VC High-portfolio support
  3. Cross-border replication: The studio replicates ventures from one geography to another by creating a joint venture with the parent company and investors.
    Model:
    (i) Venture Studio creates a new entity or SPV, which splits equity with the parent company and any new investors if able to onboard.
    (ii) The money from investors and IP, money, and other resources from the parent company will kick-start the operation.
    (iii) From there on, Venture Studio takes the ownership of contextualizing the product, hiring & managing the talent, finding product-market-fit, GTM fit, and, most importantly, running the core business.
  4. Corporate venture studios: Venture Studio sees itself as an extension of corporate-innovation and acts explicitly as corporate-venture-studio.
    Model:
    (i) Venture Studio identifies potential clients and goes with a proposition to build a venture for them, which is strategically aligned to their core business or operation.
    (ii) Venture Studio expects a certain amount of capital infusion initially, for which the corporates enjoy a healthy equity percentage. The venture will be built from scratch by Venture Studio.

Looking to the Future

The venture capital industry in Indonesia is still evolving and growing. We have seen positive movements and an increase of interest from foreign and domestic investors, as well as increasing capital commitment to Indonesia startup ecosystem. 

New generations of investors are taking up the space led by investors with different backgrounds, bringing in new fund approaches, structures, and models. We see CVC, entrepreneurs backed funds, and venture studios models emerging in Indonesia with a promising foundation. 

We see this as a positive trend of diversifying support systems for entrepreneurs to grow. With these new structures, it will eventually provide more entrepreneurs access to capital beyond just financial capital but also intellectual and social capital. We are confident to see more financial instruments in the future beyond equity investments, such as venture debts or syndication, to be able to have more flexibility in deploying capital.

End of article.

Participating investors in the discussion:

James Prananto
Co-Founder & CBD
Kopi Kenangan & Kenangan Fund

John Lotto
Investment Manager
C4D Partners

Justin Patrick
Venture Partner
Pegasus Tech Ventures

Maria Natashia
Investment Manager
PT Prasetia Dwidharma

Yudi Tandi Anugrah
Investment Manager
Kejora-SBI Orbit

Andi Kristianto
SVP Corporate Strategy and Strategic Investment, Telkomsel

This article is brought to you by:

Writer

Moderator

Aisha Nadira
Partnership Engagement Lead, ANGIN

Sagar Tandon
Industry Expert

Investing in Impact: Opportunities, Implementation, and Measurement

Posted on | by Aisha Nadira | Leave a Comment on Investing in Impact: Opportunities, Implementation, and Measurement

This article is written based on the discussion note on Tinc Investor Networking.

Visit Tinc Investor Networking Main Page here.

Demystifying impact investing myths around low financial return: The future of impact investing and the opportunities

The terms impact investment and social entrepreneurship were coined to define organizations that could reconcile the desire to create an impact while also having a commercial or financial intention. Beyond the intention, these organizations commit to measuring, evaluating, and reporting their impact to drive better decisions and strategies to achieve their social mission. This impact investment generation emerged in Indonesia in the early 2010′s [1]. Since its emergence, there was an underlying perception that impact investing was similar to philanthropy whereas impact investors yield lower financial return compared to commercial investors.

However, most studies report that Socially Responsible Investments (SRI) do not have lower returns than traditional investments. In fact, there is evidence of the opposite; most conclusions point to SRI having higher returns, especially when social impact is taken into account. A comprehensive review by the Royal Bank of Canada looked into over 40 major studies and found that there was no evidence that socially responsible investing resulted in lower investment returns [2]. This sentiment was echoed by the GIIN’s (Global Impact Investing Network) 2017 Annual Impact Investor Survey [3], which found that the majority of respondents achieved market-rate returns, with 91% claiming their returns met or exceeded their professional expectations.

A survey by Morgan Stanely released in 2018 [4] mentioned that 76% investors believe that a perception remains among some investors that sustainable investing requires a financial tradeoff, However, they claim the opposite, where 87% of respondents believe it is possible to achieve financial returns alongside a social or environmental impact. And 62% go even further, agreeing that it is possible to maximize returns while investing sustainably.

This perception was echoed by investors that participated in the Tinc Investor Networking Day:

Profit and purpose are not separate but complementary. Although we do not identify ourselves as an impact investor, Investible is exploring the idea of implementing a sustainability lens for our forthcoming fund.
Reena Sharma
Investible

Reena Sharma, Vice President of Investor Relations at Investible shared that Investible’s investment decisions are made based on financial performance for the company, while impact is used as an additional filter after an investment passes the desired financial profile. 

Beenext’s Partner, Faiz Rahman also added that there is an opportunity to maximise profit while implementing an impact lens. 

Beenext believes that scale has to come first and a good business is a business that directly tackles real problems in the society, thus creating impact. If the market is big enough for the business to scale and gain financial return, that means the impact created is also bigger.
Faiz Rahman
Beenext

Rexi Chritopher from init-6 fund shares the same value that Impact investing is a mindset: any startup that is challenging the status quo is working on creating impact.

Nowadays, most people are more aware of impact, for example with SDGs. In an optimistic lens, this is a great momentum for impact investors, especially because the new generation of founder is more aware of the importance of impact, hence apply it into their business.
Rexi Christopher
Init-6

Emphasizing on the context of “invest” in impact investment, it is necessary to distinguish impact investment from non-profit practices, such as donations or grants. The investor attendees on Tinc Investor Networking agree that financial returns and performance are still  key considerations behind impact investment decisions. This means that there is a fundamental distinction between for-profit, non profit, and for-profit with social mission, in which impact investment falls for the latter.

Measurement of Impact and ESG

Impact investments, as defined by GIIN’s (Global Impact Investing Network), are “investments made with the intention to generate positive, measurable social and environmental impact, alongside a financial return” [5]. The word ‘measure’ plays an interesting role in this ecosystem. As an investment is repayable finance, investors will want to see the evidence of financial return and revenue from the business. 

Yet in impact investment, the responsibility doubles up; both social and financial return are to be expected. This is what differentiates impact investors from mainstream investors or traditional funds. Impact investors want to know how investing into a business will enable them to create a positive impact on society, and in order to know, one has to measure.

"Impact investors share several core characteristics, including the use of evidence and impact data in investment design, the commitment to measure and manage impact, and the intention to pursue impact alongside a financial return."
GIIN, State of Impact Measurement and Management Practice (2020)

Measuring impact is indeed a complicated process, especially for early-stage business or startups. However, Kejora-SBI Orbit stated the importance of having at least one dedicated ESG officer that can measure impact within the scope of Environment, Social, and Governance (ESG). This statement is echoed in The S&P 500 ESG Index: Defining the Sustainable Core [6] as a signal of evolution in sustainable investing, built to underlie strategic, long-term mainstream investment products.

As Kejora looks into this index, they found out: impact investment actually follows where the money is.

Having a good impact is actually a good business. Meaning, companies that are more ESG compliant tend not to cut corners and therefore in the long run have possibilities to perform better. These companies are also more socially responsible and well-managed; these are the companies that investors want to invest in.
Kejora-SBI Orbit
Representative

ESG is an increasingly popular tool of measurement when it comes to sustainability efforts, and also to giving companies a space for improvement. Yet in practice, no matter how sophisticated the tool is, measurement is much easier at capturing quantifiable inputs, than complex and intangible outcomes, such as impacts [7]. For this reason, Kejora believes that in order to comprehend the outcomes and impacts, investors also need to go the extra mile to fully grasp the internal process. This starts with the due diligence process, and continues by using a method and metrics to measure impact within the portfolio, because it is necessary to capture the input-outcome-impacts, without assuming causality.

Since there are no uniformly accepted metrics, Beenext also sees that measuring impact requires doing more than just ESG measurement. In particular, Beenext emphasizes that impact investors have to be able to have skin in the game, put themselves on the field, and improvise with more grassroots practices.

We have to talk to startups directly and try to understand their business, mission, values, drive, and goals. Impact investors need to understand where the business is coming from and the core problem that they are trying to solve or disrupt.
Faiz Rahman
Beenext

Demands for ways to measure impact continue to grow and mature alongside the impact investing industry. According to the GIIN report on Impact Measurement and Management Practice (2020), over the past 2 years, the impact investment industry has greatly expanded its suite of approaches to measure impact; from data collection, aggregation, comparison, impact valuation, and benchmarking of impact results. Besides ESG, many tools and frameworks have been developed to help impact investors measure their impact, as seen on the figure below:

Most investors can use more than one framework, the common average is three. This development represents significant steps toward enabling investors to transparently and reliably measure and manage their impact [8].

Role of incubator and accelerators in the investing in impact scene

As one of the first “open door,” incubators and accelerators plays a critical role in developing a startup founder’s mentality regarding impact and business. As stated by Jockie Heruseon, VP Business Development of Telkomsel, incubators and accelerators also have the power as a gatekeeper; to set impact and social contribution as standard in the business ecosystem.

Accelerators and incubators have an important role to provide support, especially for very early stage (often pre-revenue) startups. Heruseon from Telkomsel shared his insight from years of experiences in the startup ecosystem;

Many startups from the early stage have trouble increasing the size of their operations to expand their impact. As they attempt to scale, they often struggle to reach more customers, attract talented human capital, and lock the right types of funding. At the same time, impact investors are interested in supporting these startups, but often have trouble finding investment-ready impact startups.
Jockie Heruseon
VP Business Development of Telkomsel

Telkomsel, the parent company of TINC has taken up the space on supporting the startups and companies to integrate in impact by creating NextDev platform. NextDev is an early stage digital startup search and development platform in Indonesia that is oriented towards social impact. The program ranges from competitions to incubator programs like the NextDev Academy as well as  the NextDev Summit.

Through similar programs, that are also encouraged by Tinc, founders can be introduced to open their mindset and integrate impact and sustainability lens as well as understand the benefit and importance of good governance that is advocated by the ESG. This will also allow startups to identify like minded investors to actually support and amplify their impact.

Resonated by The Rockefeller Foundation’s report on Impact Enterprise Acceleration, this is where accelerators and incubators like TINC are able to contribute as sort of a “matchmaker,” ensuring downstream impact VCs funds or other investors have access to a good deal-flow of investment-ready opportunities [9].

Looking to the Future

The impact business and impact investment extended its wings to emerge as a new conception of “Investing in impact,” where this impact becomes an arbitrage, an opportunity, a “new normal”– the smart investment to do on top of the right business and investment strategy [10]. 

Each player in the startup ecosystem has its own role, and therefore its own power. Investors provide the capital and the fuel, while incubators and accelerators play key roles in educating and building the mentality of the founders. All roles are equally crucial in the development of the whole impact ecosystem. 

In the future, we hope to see more incubators and accelerators occupying the impact space to create a supportive environment for impact driven startups and impact investment practice can grow.

We see that with the current trend, we will see a shift of mindset where impact is no longer a type of investment; but impact is investment.
Akhil Adler
Moderator

End of article.

Participating investors in the discussion:

Reena Sharma
VP Investor Relations
Investible

Faiz Rahman
Partner
Beenext

Rexi Christopher Investment Associate
Init-6

Jockie Heruseon
Vice President
Business Development

Kejora-SBI Orbit
by Kejora Capital & SBI Holdings

This article is brought to you by:

Writer

Writer

Moderator

Aisha Nadira
Partnership Engagement Lead, ANGIN

Yohana Parida
Partnership Engagement Associate, ANGIN

Akhil Adler
Ex-Investment Analyst
Teja Ventures