MDI Ventures, the corporate venturing arm of Indonesia-based telecommunications firm Telkom, has hired Aldi Adrian Hartanto as head of strategic innovation, DealStreetAsia has reported.
Hartanto was formerly head of investment at Mandiri Capital, the strategic investment vehicle for Indonesia-based financial services firm Bank Mandiri, having joined the unit in 2016, the year after it was launched.
Equipped with $100m of capital, MDI Ventures targets startups developing technologies in areas such as payment, advertising, big data and the internet of things. It also runs an accelerator called Indigo, which provides up to $180,000 in funding for each participant.
The news comes weeks after MDI Ventures took up a partnership position with Grab Ventures Velocity, an initiative formed by ride hailing service Grab to help local startups grow.
Prior to joining Mandiri Capital, Hartanto had been an associate at Fenox Venture Capital from 2014 to 2016, during which time he was the venture capital firm’s representative at GnB Accelerator, an accelerator it set up with IT services provider Infocom.
– Photo of Aldi Adrian Hartanto courtesy of Mandiri Capital.
