We have curated four special sessions for the Indonesia PE-VC Summit in Jakarta on January 12, 2023, that promise a ringside view of the country’s investment landscape and outlook for top digital themes.
These sessions will not only provide the big-picture economic outlook but also set the context for discussions around Indonesia’s burgeoning startup ecosystem and emerging investment themes.
1. Fireside chat: Straddling a PE and VC strategy to tap new digital scripts in Indonesia
Patrick Walujo, Co-Founder, Managing Partner & Member of the Investment Committee, Northstar GroupIn conversation with Joji Thomas Philip, Founder & Editor-in-Chief, DealStreetAsia
Northstar’s Patrick Walujo at the Indonesia PE-VC Summit 2020 in Jakarta. Photo: DealStreetAsia
Southeast Asia’s growth story, driven by favourable demographics and macroeconomic indicators and rapid digitalisation trends, has resulted in several mainstream private equity firms cutting smaller cheques to lap up early-stage opportunities. Northstar has raised five private equity funds. An early backer of Indonesia’s Gojek (now part of GoTo Group), Northstar is not new to betting on early-stage tech companies in the region.
Northstar has invested in over 50 digital deals including recent investments in crypto exchange Pintu, podcast platform Noice, agritech Sayurbox, and edtech Zenius Education, among others. The SE Asian PE major is raising a new vehicle targeting smaller ticket-sized deals. We will quiz Walujo on the opportunities and challenges that exist in pursuing a multi-stage investment strategy and some of the emerging digital trends unfolding in the region.
2. Keynote address: Opportunities abound as Indonesia prospers amid global crisisJohn Riady, CEO, PT Lippo Karawaci Tbk, President Commissioner, PT Siloam International Hospitals Tbk, Executive Director, Lippo Group
Lippo Group’s John Riady speaks at the Indonesia PE-VC Summit 2020 in Jakarta.
John Riady helms Lippo Karawaci and Siloam International Hospitals, respectively the largest real estate and hospitals company in Indonesia. He is also the executive director at Lippo Group and is an active investor in the Southeast Asia technology sector. The Lippo Group is often seen as a proxy for the Indonesian economy. Its interests in various verticals — real estate, private healthcare, and tech investments — place it at the centre of SE Asia’s largest economy.
As Lippo CEO, John Riady has focused on concentrating on the sweet spots in real estate and healthcare businesses. He is betting on macro drivers like urbanisation and demographics, as well as the digitalisation of healthcare to spur growth in the group’s businesses.
Prior to taking over as CEO, Riady led the group’s digital efforts and investments in SE Asia’s technology sector including in the e-payment platform OVO. The group has made over 40 investments in Indonesia’s tech sector, which Riady believes is at an inflection point. In his address, Riady will take us through how a resilient economy can spur investments amidst global economic uncertainty.
3. Keynote address: Transforming healthcare in Indonesia through technology and innovation.
His Excellency Budi Gunadi Sadikin, Health Minister, Indonesia
Budi Gunadi Sadikin was named Indonesia’s health minister in December 2020 at the peak of the coronavirus pandemic when he was tasked with the enormous responsibility of prevention and mitigation strategies. Prior to taking charge as health minister, Budi Gunadi Sadikin served as president of Bank Mandiri from 2013 to 2016 followed by the role of senior advisor to the minister of state-owned enterprises.
A nuclear science graduate from the Bandung Institute of Technology, Budi Gunadi Sadikin started his career in 1988 as an information technology officer at IBM Asia-Pacific in Tokyo and later joined PT Bank Bali. Subsequently, he served as director of consumer and commercial banking for ABN AMRO Bank Indonesia & Malaysia. He has also served stints at Bank Danamon and Adira Quantum Multi Finance.
At the Indonesia PE-VC Summit, the health minister will deliver a keynote speech on the topic – Transforming healthcare in Indonesia through technology and innovation. The former banker is a big advocate of the power of technology and innovation in improving access to reliable, affordable and effective healthcare solutions for Indonesia’s 280-million-strong population.
4. Fireside chat: The case for healthcare investments in Indonesia
His Excellency Budi Gunadi Sadikin, Health Minister, IndonesiaIn conversation with Pandu Sjahrir, Managing Partner, Indies Capital Partners; Founding Partner, AC Ventures; Vice President Director, TBS Energi
Pandu Sjahrir, co-managing partner at Indies Capital
In this fireside chat, Indonesia’s health minister Budi Gunadi Sadikin will share his vision of how investments in healthcare technology will propel Indonesia’s economic prosperity as well as generate great multiples for investors.
Telemedicine and health tech startups in Indonesia have garnered a lot of investor attention, especially after the pandemic-induced accelerated digital adoption by consumers. This session will explore the various niches in the healthcare space that are ripe for technology, innovation and investments.
The minister will be in conversation with Pandu Sjahrir, who is one of Southeast Asia’s leading investors in the seed and early growth stages. Indonesia-focused Indies Capital has invested over $700 million in the past 7 years. Indies Capital also has a strategic alliance with AC Ventures, an ASEAN-focused seed and early-stage fund. Indies Capital and AC Ventures have invested in over 100 companies that have generated over $40 billion in shareholder value and 200 new entrepreneurs in Southeast Asia.