Indonesia's BRI Ventures eyes up to $250m debut fund, appoints MDI's Widjaja as CEO

Indonesia's BRI Ventures eyes up to $250m debut fund, appoints MDI's Widjaja as CEO

Indonesia’s largest state-owned bank Bank Rakyat Indonesia (BRI) says it plans to allocate up to $250 million to a “multi-year and evergreen fund” to back growth and late-stage startups through its newly launched corporate venture capital unit, BRI Ventures.