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Economic Times

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Image Credit: Economic Times

Wealth fund INA and VC firm Granite plan to invest $1.2 billion in Indonesia tech

  • Indonesian sovereign wealth fund INA and Singapore-based venture capital firm Granite Asia plan to invest up to $1.2 billion in Indonesia's technology sector and businesses with ties to the country.
  • The investments will include both equity and hybrid capital, but the exact distribution and timeline were not disclosed.
  • INA collaborates with global and domestic investors to invest in assets in Indonesia.
  • Granite Asia, with assets under management of $5 billion, was previously part of venture capital firm GGV Capital.

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