BRI Ventures
BRI Ventures is the venture capital arm of PT Bank Rakyat Indonesia, established in 2019 and located in Jakarta, Indonesia. The firm specializes in growth and late-stage investments, focusing primarily on sectors such as fintech, retail, education, and healthcare. By investing in innovative startups, BRI Ventures aims to drive the growth of the BRI Group and enhance Indonesia's financial inclusion and digital economy. Leveraging Bank BRI's extensive network and expertise in the financial sector, BRI Ventures supports entrepreneurs in their pursuit of accelerating economic growth within the country.
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Past deals in Myanmar
Grab
Venture Round in 2021
Grab is a Southeast Asia-based mobile platform that integrates ride-hailing, food and grocery delivery, and financial services, connecting drivers, merchants, and customers through a single app. It operates in Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Myanmar, and holds a leading market share in ride-hailing and food delivery, with 89% of revenue derived from these core businesses. The company also offers payments, consumer loans, and enterprise financial services. It charges commissions to both riders and merchants as it links them with consumers. Founded in 2012 by Anthony Tan and Tan Hooi Ling, Grab is headquartered in Singapore and maintains offices in Seattle, Beijing, Bangalore, Jakarta, and Vietnam. In 2024, Singapore, Indonesia, and Malaysia together contributed more than 70% of revenue.
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