Intudo Ventures

Intudo Ventures is an independent venture capital firm based in Jakarta, Indonesia, established in 2017. The firm focuses exclusively on early-stage investments within Indonesia, targeting sectors such as consumer, finance, healthcare, and education. Intudo Ventures employs a concentrated portfolio approach, making initial investments ranging from $500,000 to $5 million per company. It capitalizes on the country's rapid growth in private consumption and the expanding middle class, which comprises a significant portion of its 268 million population. The firm offers a unique value-added strategy to its portfolio companies by leveraging its team's extensive experience in founding and operating businesses, venture investing, and capital raising. Intudo Ventures also serves as a strategic partner for various leading institutions and corporations seeking to navigate the Indonesian market, acting as a bridge for digital transformation initiatives in the region.

14 past transactions

Populix

Series A in 2022
Populix is a consumer insights platform that help businesses connect with readily available high qualified respondents. The ~300,000 potential respondents are constant-on the platform and we do both qualitative and quantitative studies, helping clients from research design, respondent recruitment to data analysis and recommendations with quick turnkey and quality output.

Pintu

Series A in 2021
Pintu is a crypto assets platform for buying, selling, and investing in Bitcoin and Blockchain-based assets. Its application provides the opportunity to access a new open financial system to let users buy, sell, manage, and utilize cryptocurrency easily and quickly. Pintu was founded in 2020 and is headquartered in Jakarta, Indonesia.

GREDU

Series A in 2021
GREDU is a social ed-tech platform that aims to increase the level of engagement in a school environment to improve the overall schooling experience, for teachers, parents, and students.

TaniHub

Series B in 2021
TaniHub is a B2B agriculture marketplace that connects farmers with food, hotel, restaurant, and catering business people. It offers an e-commerce platform for agricultural products and empowers local farmers by providing market access and financial access. Through TaniHub, local farmers can sell their crops to individuals as well as micro, small, and medium enterprises (MSMEs) in various regions. Headquartered in Jakarta, Jakarta Raya, co-founders Ivan Arie Sustiawan, Eka Pamitra, Michael Sugianto, Miftahul Choiri, Wahyu Setyo Nugroho, Wawan B. Setyawan, and William Setiawan founded it in 2015.

EMQ

Series B in 2020
Headquartered in Hong Kong, EMQ is a financial technology startup that is building a financial network across Asia with a focus on remittance. With a footprint across Hong Kong, Taiwan, Indonesia, Vietnam and the Philippines, the company partners with financial institutions and other strategic partners in each country to enable and settle cross-border remittance via banks and various modes for top-up and cash pickup. The company received its Money Service Operator license from the Hong Kong Customs and Excise Department in September 2014 and its Fund Transfer Operator license from Bank Indonesia in March 2017.

Delman

Seed Round in 2020
Delman is providing Indonesian businesses with Indonesian-developed big data solutions, ultimately leading to better outcomes for end-users.

Yummy Corp

Series A in 2019
Yummy Corp is a cloud kitchen management and online catering company that operates a network of delivery-only kitchens. It offers delicious, fresh, and creative food solutions for everyday corporate and group needs and provides food facility management and their signature MICE catering, delivering customers experience while helping them manage costs. Yummy Corp’s cloud kitchen service Yummykitchen, launched in 2019, is a full-service Indonesian cloud kitchen operator, renting out shared kitchen spaces and undertaking operations for the company’s partner brands. The company rents space to existing food and beverage brands, providing them kitchen infrastructure as well as the necessary staff to assist in fulfilling delivery and takeout orders. Yummy Corp is an affiliate of Ismaya Group, a Lifestyle Food & Beverage company. The Tangerang, Jawa Barat-based company was founded in 2017 by brothers Marbio, Mario, and Marius Suntanu, and Juan Chene.

Populix

Seed Round in 2019
Populix is a consumer insights platform that help businesses connect with readily available high qualified respondents. The ~300,000 potential respondents are constant-on the platform and we do both qualitative and quantitative studies, helping clients from research design, respondent recruitment to data analysis and recommendations with quick turnkey and quality output.

Kargo Technologies

Seed Round in 2019
Kargo Technologies is a freight logistics marketplace covering the entire Indonesian archipelago. The Company enables shippers, transporters, and truckers to connect, transact, and track shipments in real-time on a platform, which they can access via the website and mobile app. With Kargo Technologies, users can expand their shipping business network and increase revenue.

Artotel Group

Series A in 2018
Artotel Group is built from a passion for promoting local art and creative hospitality. with a wide range of hotel brands, and merchandise. focusing its service for pleasure seeker, smart traveller, and artsy persona who appreciate value for money experience. by highlighting outstanding design and original artwork all over the premises, and hopes customers will have a complete fulfillment and be inspired to move forward.

CoHive

Series A in 2018
CoHive, formerly known as EV Hive, is Indonesia's largest co-working space provider, founded in 2015 and headquartered in South Jakarta. The company operates a network of co-working spaces, co-living spaces, co-retail areas, and event venues across major cities, including Jakarta, Medan, Yogyakarta, and Bali, covering approximately 66,000 square meters. With around 9,000 members, primarily consisting of startups and small to medium enterprises, CoHive aims to foster a vibrant community that supports business growth. In addition to workspace solutions, CoHive organizes knowledge-sharing sessions and offers skill development programs, such as coding and UI/UX classes, in collaboration with relevant institutions. The company's leadership team includes Co-founder and CEO Jason Lee, Co-founder and CCO Ethan Choi, COO Erich Hirawan, and CRO Iris Wee.

Xendit

Series A in 2018
Xendit is a Southeast Asian fintech company that provides payment infrastructure across Indonesia and the Philippines. Xendit processes payments, runs marketplaces, disburses payroll and loans, detects fraud, and helps other businesses grow exponentially. They serve these companies by providing a suite of world-class APIs and a dashboard UI that simplifies processes. Xendit was founded by Moses Lo, Tessa Wijaya, Bo Chen and Juan Gonzalez.

Ride Jakarta

Seed Round in 2018
Ride Jakarta provides a full-body workout that tones the body and improves cardiovascular endurance. Their customers' inquiries are addressed through phone, email, and online applications.

CoHive

Seed Round in 2017
CoHive, formerly known as EV Hive, is Indonesia's largest co-working space provider, founded in 2015 and headquartered in South Jakarta. The company operates a network of co-working spaces, co-living spaces, co-retail areas, and event venues across major cities, including Jakarta, Medan, Yogyakarta, and Bali, covering approximately 66,000 square meters. With around 9,000 members, primarily consisting of startups and small to medium enterprises, CoHive aims to foster a vibrant community that supports business growth. In addition to workspace solutions, CoHive organizes knowledge-sharing sessions and offers skill development programs, such as coding and UI/UX classes, in collaboration with relevant institutions. The company's leadership team includes Co-founder and CEO Jason Lee, Co-founder and CCO Ethan Choi, COO Erich Hirawan, and CRO Iris Wee.
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