Northstar Group

Northstar Group is a private equity firm based in Singapore, established in 2003, that specializes in investing in growth companies primarily in Indonesia, as well as other countries in Southeast Asia. The firm focuses on sectors such as financial services, retail and consumer, energy and resources, telecommunications, and agribusiness. With over US$2.0 billion in committed equity capital, Northstar Group has a strong track record of managing investments and actively supporting the growth of its portfolio companies. It has raised four private equity funds and has invested in more than 30 companies, deploying over US$2.8 billion alongside co-investors in the region. Northstar Group aims to acquire majority or significant minority stakes in its target companies and has established a strategic alliance with TPG to enhance its investment capabilities.

Sandy Hokijanto

Director of Investor Relations

Bert Kwan

Managing Director

Ryan Sua

CFO

Glenn Sugita

Co-Founder, Managing Partner

Choon Hong Tan

Co-CIO

Lukman Tirtaguna

Chief Financial Officer

Sunata Tjiterosampurno

Co-CIO

Patrick Walujo

Co-Founder, Managing Partner and Member of the Investment Committee

Chee Yann Wong

Managing Director

Past deals in Indonesia

Esensi Solusi Buana

Series B in 2022
Esensi Solusi Buana is the first restaurant technology in Indonesia with the most complete solution under ONE integrated platform.

Noice

Series A in 2022
Noice is an Indonesia-based audio content startup.

Sayurbox

Series C in 2022
SayurBox, PT operates a platform that allows customers to buy pesticide-free vegetables through farm-to-table concept. Its platform allows users to choose organic, hydroponic, pesticide-free, and chemical-free produce in various categories, such as vegetables, fruits, grains, herbs and seasonings, protein food, and ready to consume; click-to-harvest on the produce and adjust quantity; and select delivery date. The company sources and delivers the produce directly from local farmers to customers in DKI Jakarta and South Tangerang areas. SayurBox, PT was founded in 2016 and is based in Jakarta Selatan, Indonesia.

Zenius Education

Series B in 2022
Zenius provides a great learning experience to Indonesian students by emphasizing critical thinking and scientific knowledge as a natural part of their everyday lives. We provide accessible yet elaborate subscription-based self-learning materials for K12 students across Indonesia.

Moladin

Series A in 2022
PT Moladin Digital Indonesia is an online retailer based in Jakarta, Indonesia, specializing in automobiles and automotive parts. Established in 2017, the company offers a platform for consumers to access information about motorcycles and bikes, facilitating online purchases. Moladin collaborates with more than 40 dealers and several major financing companies, allowing customers to explore various options and discounts on their purchases. In addition to vehicles, the company retails spare parts, apparel, wheels, batteries, and spark plugs, aiming to enhance the overall shopping experience for automotive enthusiasts.

eFishery

Series C in 2022
eFishery is automatic fish feeder for all types of fish. This tool can not only provide feed scheduled, with a dose efficient, and automatic, but also record every feed in real-time. You can access the data feed, anytime, anywhere with precision. There is no longer a problem of over-feeding, fish feeding or feed irregularly diverted. eFishery provide the best solutions, reliable, and affordable.

Ula

Series B in 2021
Ula is an Indonesia-focused marketplace app that uses technology to modernise distribution and credit in traditional retail. It brings the best of selection, prices and payment credit to small and medium sized retailers across categories such as FMCG, staples, apparel, and more.

Zenius Education

Series B in 2021
Zenius provides a great learning experience to Indonesian students by emphasizing critical thinking and scientific knowledge as a natural part of their everyday lives. We provide accessible yet elaborate subscription-based self-learning materials for K12 students across Indonesia.

eFishery

Series B in 2020
eFishery is automatic fish feeder for all types of fish. This tool can not only provide feed scheduled, with a dose efficient, and automatic, but also record every feed in real-time. You can access the data feed, anytime, anywhere with precision. There is no longer a problem of over-feeding, fish feeding or feed irregularly diverted. eFishery provide the best solutions, reliable, and affordable.

Zenius Education

Series A in 2019
Zenius provides a great learning experience to Indonesian students by emphasizing critical thinking and scientific knowledge as a natural part of their everyday lives. We provide accessible yet elaborate subscription-based self-learning materials for K12 students across Indonesia.

Topica Edtech Group

Series D in 2018
Topica Edtech Group (Vietnamese: “Tổ hợp Công nghệ Giáo dục Topica”) is a multinational educational technology company. It provides online education solutions including Bachelor's Degree programs (Topica Uni), English speech tutoring courses (Topica Native) and technology platform for massive online open courses in a variety of fields (Edumall). Topica Edtech Group headquartered in Hanoi, Vietnam and has expanded into the Philippines, Singapore, Thailand, Indonesia and the United States.

Du’Anyam

Pre Seed Round in 2018
Du'Anyam aims to connect Craft Artisans to the Market through simple and effective technology, leading the digital revolution in the craft industry. Du'Anyam started their enterprise in East Flores, Indonesia in 2014, where the have worked with over 1,000 weavers to empower women, promote culture, and improve livelihood in rural Indonesia. They have partnered with over 200 hotels and companies to supply more than 150,000 high-quality, functional crafts with added social marketing value. They were also selected as the only craft-based company to be the Official Merchandiser of ASIAN Games 2018.

Gojek

Series D in 2016
Gojek, founded in 2010 and headquartered in Jakarta, Indonesia, operates as a Super App that offers a wide range of services, including food delivery, transportation, digital payments, shopping, and various on-demand services. Launched in 2015, the Gojek app has rapidly become the largest consumer transactional technology platform in Southeast Asia, driven by its focus on speed, innovation, and social impact. The company aims to empower the informal sector in the region while serving diverse markets such as transport, logistics, food, and entertainment. Gojek has established itself as a leading player in the on-demand economy, contributing significantly to the growth of digital services in Southeast Asia.