OCBC Ventura

Venture Capital arm of Bank OCBC focusing on early stage investment in Indonesia

Darryl Ratulangi

Managing Director

Past deals in Indonesia

EdenFarm Indonesia

Series A in 2023
EdenFarm Indonesia specializes in the distribution of fresh produce, including fruits, vegetables, and dry goods, directly to restaurants across the country. By collaborating with local farmers and central markets, the company eliminates intermediaries in the supply chain, allowing for more efficient delivery and better profit margins for farmers. This direct connection fosters a sustainable food distribution system, ensuring that businesses receive high-quality products while supporting local agriculture. Through its services, EdenFarm aims to enhance the economic viability of farmers and improve access to fresh produce for the restaurant industry in Indonesia.

Dekoruma

Venture Round in 2022
PT Dekoruma Inovasi Lestari operates an online platform that specializes in selling home furnishings and furniture. Founded in 2015 and based in Jakarta, Indonesia, the company offers a diverse range of products including kitchen and dining room items, decor, bedroom furniture, mattresses, bathroom fixtures, household appliances, and lighting solutions. Dekoruma aims to address inefficiencies in the home and living industry by connecting customers with interior designers, suppliers, and vendors, thereby providing comprehensive solutions for their home decor needs.

IDN

Series D in 2022
IDN Media Company is a multi-platform digital media organization based in Surabaya, Indonesia, catering primarily to affluent Millennials and Gen Z. Established in 2014, it operates several key platforms, including IDNtimes.com, which offers a variety of engaging content such as visuals, quizzes, and listicles. The company also runs IDNtv, an online video producer focused on web series, social experiments, and branded content. Additionally, it owns Popbela.com, a lifestyle platform aimed at young urban women, and IDN Creative, which specializes in native advertising, creating sponsored content and events for brands. Furthermore, IDN Media organizes live events through IDN Event, providing a stage for creativity and talent among its target audience. With over 80 million monthly active users, IDN Media strives to democratize information access across Indonesia while fostering positive societal impacts.

AwanTunai

Series A in 2022
AwanTunai is an Indonesian fintech company that digitizes the cash economy and the FMCG supply chain through a mobile platform for micro merchants. The platform enables online ordering, payment acceptance, and inventory management while providing embedded financing and mobile-based credit to working-capital needs, connecting borrowers with banks and finance partners to originate and service loans within a regulated ecosystem. It operates as a licensed fintech that can originate, service, and collect bank-compliant loan assets for partner funders and also distributes micro-insurance through insurer partners. By integrating financial services with digital tools, AwanTunai aims to increase financial inclusion for Indonesian small businesses that have limited access to traditional banking products.

EdenFarm Indonesia

Series A in 2021
EdenFarm Indonesia specializes in the distribution of fresh produce, including fruits, vegetables, and dry goods, directly to restaurants across the country. By collaborating with local farmers and central markets, the company eliminates intermediaries in the supply chain, allowing for more efficient delivery and better profit margins for farmers. This direct connection fosters a sustainable food distribution system, ensuring that businesses receive high-quality products while supporting local agriculture. Through its services, EdenFarm aims to enhance the economic viability of farmers and improve access to fresh produce for the restaurant industry in Indonesia.

SIRCLO

Series B in 2021
SIRCLO is an Indonesian e-commerce facilitator assisting businesses to sell online. It offers solutions tailored for entrepreneurs (SIRCLO Store, IbuSibuk) and enterprises (SIRCLO Commerce, ICUBE by SIRCLO, Sooplai, Orami). With over 100,000 brands served and a team of 1,000 employees across Bandung, Yogyakarta, and Surabaya, SIRCLO empowers businesses to grow online.

AwanTunai

Debt Financing in 2021
AwanTunai is an Indonesian fintech company that digitizes the cash economy and the FMCG supply chain through a mobile platform for micro merchants. The platform enables online ordering, payment acceptance, and inventory management while providing embedded financing and mobile-based credit to working-capital needs, connecting borrowers with banks and finance partners to originate and service loans within a regulated ecosystem. It operates as a licensed fintech that can originate, service, and collect bank-compliant loan assets for partner funders and also distributes micro-insurance through insurer partners. By integrating financial services with digital tools, AwanTunai aims to increase financial inclusion for Indonesian small businesses that have limited access to traditional banking products.

Dekoruma

Series C in 2021
PT Dekoruma Inovasi Lestari operates an online platform that specializes in selling home furnishings and furniture. Founded in 2015 and based in Jakarta, Indonesia, the company offers a diverse range of products including kitchen and dining room items, decor, bedroom furniture, mattresses, bathroom fixtures, household appliances, and lighting solutions. Dekoruma aims to address inefficiencies in the home and living industry by connecting customers with interior designers, suppliers, and vendors, thereby providing comprehensive solutions for their home decor needs.

AwanTunai

Venture Round in 2021
AwanTunai is an Indonesian fintech company that digitizes the cash economy and the FMCG supply chain through a mobile platform for micro merchants. The platform enables online ordering, payment acceptance, and inventory management while providing embedded financing and mobile-based credit to working-capital needs, connecting borrowers with banks and finance partners to originate and service loans within a regulated ecosystem. It operates as a licensed fintech that can originate, service, and collect bank-compliant loan assets for partner funders and also distributes micro-insurance through insurer partners. By integrating financial services with digital tools, AwanTunai aims to increase financial inclusion for Indonesian small businesses that have limited access to traditional banking products.

GajiGesa

Seed Round in 2021
GajiGesa is a fintech company based in Jakarta, founded in 2020 by Martyna Malinowska and Vidit Agarwal. It provides a platform that enables employees to access their earned wages early, offers financial education, and helps manage finances responsibly. This improves long-term financial health for employees and reduces financial stress, enhancing productivity and engagement for employer partners.

SIRCLO

Series B in 2020
SIRCLO is an Indonesian e-commerce facilitator assisting businesses to sell online. It offers solutions tailored for entrepreneurs (SIRCLO Store, IbuSibuk) and enterprises (SIRCLO Commerce, ICUBE by SIRCLO, Sooplai, Orami). With over 100,000 brands served and a team of 1,000 employees across Bandung, Yogyakarta, and Surabaya, SIRCLO empowers businesses to grow online.

Dekoruma

Series B in 2020
PT Dekoruma Inovasi Lestari operates an online platform that specializes in selling home furnishings and furniture. Founded in 2015 and based in Jakarta, Indonesia, the company offers a diverse range of products including kitchen and dining room items, decor, bedroom furniture, mattresses, bathroom fixtures, household appliances, and lighting solutions. Dekoruma aims to address inefficiencies in the home and living industry by connecting customers with interior designers, suppliers, and vendors, thereby providing comprehensive solutions for their home decor needs.

Ateria

Venture Round in 2020
Ateria is a dining and lifestyle operator focused on Indonesia, managing a curated portfolio of global lifestyle and food and beverage brands. It develops elevated dining concepts and provides convenient, hassle-free dining experiences, aiming to enrich Indonesia’s culinary scene and deliver memorable gourmet moments. By connecting international brands with Indonesian consumers, Ateria seeks to offer enriched lifestyle experiences and access to globally sourced F&B brands.
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