Intudo Ventures

Intudo Ventures is an independent venture capital firm focused on Indonesia, operating with a concentrated portfolio and investing at early stages. The firm typically makes initial investments in the low-to-mid millions of USD per company and backs opportunities across consumer, financial services, healthcare and education, among others, leveraging local market insight to help Indonesian founders scale. It provides hands-on support and strategic guidance, drawing on experience in founding, operating, and fundraising to assist portfolio companies through growth phases toward Series B and beyond. As an Indonesia-focused partner for institutional and strategic investors, Intudo Ventures acts as a local gateway that supports digital transformation and growth for Indonesian enterprises. Founded in 2017, the firm emphasizes exclusively Indonesian opportunities and aims to accelerate private consumption growth and the rising middle class by backing startups addressing local needs.

Michelle Anggadjaja

Investor

Gibran Ibrahim

Analyst

Tiffany Priosoetanto- Masrin

Investor

Ashley Suhalim

Investor

Isaura Tjhiater

Investor

Ariel Wibowo

Analyst

Past deals in Indonesia

Populix

Series B in 2025
Populix is a consumer insights platform based in Jakarta, Indonesia, founded in 2018. The company connects businesses and institutions with a large pool of approximately 300,000 qualified respondents, facilitating both qualitative and quantitative research. Populix enables clients to conduct studies, recruit respondents, and analyze data efficiently. The platform offers a range of services, including the ability to launch custom research projects, access curated panels, and purchase pre-existing datasets and reports. By providing accurate and real-time data, Populix supports organizations in making informed decisions based on reliable insights.

Kargo Technologies

Series A in 2024
Founded in 2018, Kargo Technologies operates an online logistics platform that connects retail, e-commerce, and commercial sector shippers with truck fleets across Indonesia. The platform facilitates real-time connections, transactions, and tracking of shipments between shippers, transporters, and truckers.

Jala Tech

Series A in 2023
Jala Tech Pte. Ltd. is an Indonesian company specializing in the shrimp farming industry by manufacturing advanced monitoring devices. Its product lineup includes the JSLA portable device and the JALA continuous monitoring system. The company's solutions are designed to enhance farm management through data-driven decision-making, providing tools for water quality monitoring, planning, scheduling, and reporting. By enabling farmers to make informed decisions based on collected data, Jala Tech aims to improve operational efficiency and sustainability in shrimp farming. The comprehensive data from farms utilizing its systems is aggregated for analysis, offering insights into overall industry performance, production levels, and disease trends across regions and species. Through this innovative approach, Jala Tech seeks to foster profitable and sustainable practices within the shrimp aquaculture sector.

ALAMI

Series B in 2023
Alami is a licensed peer-to-peer lending platform based in Jakarta, Indonesia. It facilitates sharia-compliant financing for micro, small, and medium-sized enterprises through its transparent and fair platform.

Halodoc

Series D in 2023
PT HaloDoc is a digital healthcare platform based in Jakarta, Indonesia, established in 2016. The company connects patients with a network of 19,000 licensed doctors and 1,000 certified partner pharmacies through its innovative communication platform. Users can engage with medical professionals via video calls, voice calls, and chat, allowing for real-time consultations and health advice. Additionally, HaloDoc facilitates the ordering of laboratory tests that can be conducted at home, enhancing the convenience of accessing healthcare services. The platform aims to simplify and improve the healthcare experience for patients by providing easy connections to doctors, clinics, and hospitals, as well as offering medical delivery services through its partner pharmacies.

iSeller

Series B in 2023
Founded in Jakarta Raya, Indonesia in 2016 by Jimmy Petrus, iSeller is a mission-driven company dedicated to empowering millions of Indonesian SMEs through technology and digital adoption. Its platform offers tools for in-store and online sales management, including point-of-sale systems, online store creation, order management, payment processing, digital invoicing, and integrations with online marketplaces and delivery services.

PasarPolis

Convertible Note in 2022
PasarPolis is an insurtech startup founded by Cleosent Randing in 2015 and headquartered in Jakarta, Indonesia. The company operates an online insurance comparison platform that aims to make insurance accessible to emerging consumers. It offers a range of insurance products, including health, life, car, personal accident, property, and travel insurance. Through its online portal, PasarPolis provides customers with the ability to obtain quotes and access claims processing services, thereby facilitating the acquisition of affordable and inclusive insurance plans.

Wahyoo Group

Series B in 2022
Founded in 2017, Wahyoo Group operates as an F&B enabler in Indonesia, focusing on scaling up F&B SMEs. It offers integrated solutions including e-supplies, micro-financing, and kitchen partnerships, serving over 27,000 kitchens across Jabodetabek.

Populix

Series A in 2022
Populix is a consumer insights platform based in Jakarta, Indonesia, founded in 2018. The company connects businesses and institutions with a large pool of approximately 300,000 qualified respondents, facilitating both qualitative and quantitative research. Populix enables clients to conduct studies, recruit respondents, and analyze data efficiently. The platform offers a range of services, including the ability to launch custom research projects, access curated panels, and purchase pre-existing datasets and reports. By providing accurate and real-time data, Populix supports organizations in making informed decisions based on reliable insights.

Pintu

Series B in 2022
Pintu is a cryptocurrency platform based in Jakarta, Indonesia, established in 2020. The company offers a mobile application that facilitates the buying, selling, and management of Bitcoin and other blockchain-based assets. Its platform provides users with a convenient way to access various financial services, allowing them to engage with the cryptocurrency market easily and securely. By streamlining the process of managing digital assets, Pintu aims to support the transition towards a more open financial system for its users.

Xendit

Series D in 2022
Xendit is a Southeast Asian fintech company that specializes in providing payment infrastructure primarily in Indonesia and the Philippines. Founded in 2014 by Moses Lo, Tessa Wijaya, Bo Chen, and Juan Gonzalez, Xendit offers a robust payment gateway platform that enables businesses to accept various forms of payments, including bank transfers, virtual accounts, and credit cards. The company simplifies payment processes through a suite of world-class APIs and an intuitive dashboard, allowing businesses to efficiently manage transactions, disburse payroll, and access loan services while also detecting fraud. By streamlining these financial operations, Xendit supports the growth of businesses in the region.

Andalin

Venture Round in 2022
Andalin is an international trade platform specializing in logistics and international trade, offering a comprehensive one-stop solution for businesses engaged in exporting and importing on a global scale. The company operates an online marketplace that simplifies cross-border shipping services, particularly for small and medium-sized enterprises (SMEs). With licenses for Customs Brokerage and International Freight Forwarding, Andalin facilitates freight arrangements and customs clearance, thereby enhancing transparency and customer service for freight forwarders. The platform has successfully served hundreds of companies in Indonesia, including both national and multinational enterprises, streamlining their international trade processes.

Pintu

Series A in 2021
Pintu is a cryptocurrency platform based in Jakarta, Indonesia, established in 2020. The company offers a mobile application that facilitates the buying, selling, and management of Bitcoin and other blockchain-based assets. Its platform provides users with a convenient way to access various financial services, allowing them to engage with the cryptocurrency market easily and securely. By streamlining the process of managing digital assets, Pintu aims to support the transition towards a more open financial system for its users.

Gredu

Series A in 2021
Gredu is an edtech company based in Jakarta, Indonesia, founded in 2016. It focuses on enhancing the educational experience for teachers, parents, and students through its digital solutions. Gredu offers a range of products, including the Gredu School Management System, Gredu Teacher, Gredu Parent, and Gredu Student. These tools are designed to optimize collaboration among educators, families, and learners, facilitating a more engaged school environment. By streamlining administrative tasks for teachers and providing parents with easier access to information, Gredu aims to create a supportive and collaborative educational ecosystem that guides students according to their individual potential.

Pintu

Series A in 2021
Pintu is a cryptocurrency platform based in Jakarta, Indonesia, established in 2020. The company offers a mobile application that facilitates the buying, selling, and management of Bitcoin and other blockchain-based assets. Its platform provides users with a convenient way to access various financial services, allowing them to engage with the cryptocurrency market easily and securely. By streamlining the process of managing digital assets, Pintu aims to support the transition towards a more open financial system for its users.

TaniHub

Series B in 2021
TaniHub is a Jakarta-based B2B agriculture marketplace established in 2015 that connects local farmers with businesses in the food service industry, including hotels, restaurants, and catering services. The company provides an e-commerce platform for agricultural products, facilitating market access for farmers and enabling them to sell their crops to various customers, including micro, small, and medium enterprises (MSMEs). By empowering local farmers with enhanced market access and financial opportunities, TaniHub plays a significant role in promoting agricultural sustainability and economic growth in Indonesia.

PasarPolis

Series B in 2020
PasarPolis is an insurtech startup founded by Cleosent Randing in 2015 and headquartered in Jakarta, Indonesia. The company operates an online insurance comparison platform that aims to make insurance accessible to emerging consumers. It offers a range of insurance products, including health, life, car, personal accident, property, and travel insurance. Through its online portal, PasarPolis provides customers with the ability to obtain quotes and access claims processing services, thereby facilitating the acquisition of affordable and inclusive insurance plans.

Wahyoo Group

Series A in 2020
Founded in 2017, Wahyoo Group operates as an F&B enabler in Indonesia, focusing on scaling up F&B SMEs. It offers integrated solutions including e-supplies, micro-financing, and kitchen partnerships, serving over 27,000 kitchens across Jabodetabek.

EMQ

Series B in 2020
EMQ Limited is a financial technology company founded in 2014 and headquartered in Sheung Wan, Hong Kong, with additional offices in Taiwan and China. The company focuses on developing a comprehensive financial network across Asia, primarily targeting remittance services. EMQ partners with financial institutions and strategic partners in various countries, including Indonesia, Vietnam, and the Philippines, to facilitate and settle cross-border remittances. The company operates a settlement network designed to offer affordable, efficient, and transparent financial services, ensuring that users can conduct cross-border transactions in a streamlined and secure manner. EMQ holds licenses from relevant authorities in Hong Kong and Indonesia, which allows it to operate as a Money Service Operator and Fund Transfer Operator, respectively.

Delman

Seed Round in 2020
Delman is a data preparation and management services company based in Jakarta Selatan, Indonesia, founded in 2018. It specializes in offering big data solutions tailored to the needs of various industries, including government bodies, banking and finance, retail, and manufacturing. The company focuses on integrating, preparing, and serving data for analytics professionals, IT leaders, and data engineers, enabling them to achieve better outcomes for end-users. By providing locally developed solutions, Delman aims to enhance the effectiveness of data utilization within Indonesian businesses.

Kargo Technologies

Series A in 2020
Founded in 2018, Kargo Technologies operates an online logistics platform that connects retail, e-commerce, and commercial sector shippers with truck fleets across Indonesia. The platform facilitates real-time connections, transactions, and tracking of shipments between shippers, transporters, and truckers.

TaniHub

Series A in 2020
TaniHub is a Jakarta-based B2B agriculture marketplace established in 2015 that connects local farmers with businesses in the food service industry, including hotels, restaurants, and catering services. The company provides an e-commerce platform for agricultural products, facilitating market access for farmers and enabling them to sell their crops to various customers, including micro, small, and medium enterprises (MSMEs). By empowering local farmers with enhanced market access and financial opportunities, TaniHub plays a significant role in promoting agricultural sustainability and economic growth in Indonesia.

Populix

Seed Round in 2019
Populix is a consumer insights platform based in Jakarta, Indonesia, founded in 2018. The company connects businesses and institutions with a large pool of approximately 300,000 qualified respondents, facilitating both qualitative and quantitative research. Populix enables clients to conduct studies, recruit respondents, and analyze data efficiently. The platform offers a range of services, including the ability to launch custom research projects, access curated panels, and purchase pre-existing datasets and reports. By providing accurate and real-time data, Populix supports organizations in making informed decisions based on reliable insights.

Ride Jakarta

Seed Round in 2019
Ride Jakarta is an indoor cycling studio based in Jakarta, Indonesia, founded in 2015. The company specializes in offering a variety of cycling classes tailored to different skill levels. Their class offerings include a beginners ride for newcomers to indoor cycling and fitness, a signature ride suitable for all participants, and an advanced ride designed for those who have completed more than ten classes and are familiar with cycling techniques. Ride Jakarta focuses on delivering a full-body workout that enhances cardiovascular endurance and tones the body. Customer inquiries are managed through multiple channels, including phone, email, and online applications.

TaniHub

Series A in 2019
TaniHub is a Jakarta-based B2B agriculture marketplace established in 2015 that connects local farmers with businesses in the food service industry, including hotels, restaurants, and catering services. The company provides an e-commerce platform for agricultural products, facilitating market access for farmers and enabling them to sell their crops to various customers, including micro, small, and medium enterprises (MSMEs). By empowering local farmers with enhanced market access and financial opportunities, TaniHub plays a significant role in promoting agricultural sustainability and economic growth in Indonesia.

Kargo Technologies

Seed Round in 2019
Founded in 2018, Kargo Technologies operates an online logistics platform that connects retail, e-commerce, and commercial sector shippers with truck fleets across Indonesia. The platform facilitates real-time connections, transactions, and tracking of shipments between shippers, transporters, and truckers.

CoHive

Series A in 2018
CoHive, formerly known as EV Hive, is Indonesia's largest co-working space provider, headquartered in Jakarta. The company offers a comprehensive ecosystem that includes co-working, co-living, co-retail, and event spaces, designed to foster community and support the growth of startups and small to medium enterprises (SMEs). With around 9,000 members across 33 locations in major cities such as Jakarta, Medan, Yogyakarta, and Bali, CoHive spans approximately 66,000 square meters of shared workspace. The majority of its members are startups and SMEs, while the remaining clientele includes enterprises from diverse industries. CoHive aims to be a pivotal community builder in Indonesia by connecting individuals and businesses, facilitating knowledge sharing, and providing flexible and affordable workspace solutions. The leadership team includes Co-founder and CEO Jason Lee, Co-founder and CCO Ethan Choi, COO Erich Hirawan, and CRO Iris Wee.

Xendit

Series A in 2018
Xendit is a Southeast Asian fintech company that specializes in providing payment infrastructure primarily in Indonesia and the Philippines. Founded in 2014 by Moses Lo, Tessa Wijaya, Bo Chen, and Juan Gonzalez, Xendit offers a robust payment gateway platform that enables businesses to accept various forms of payments, including bank transfers, virtual accounts, and credit cards. The company simplifies payment processes through a suite of world-class APIs and an intuitive dashboard, allowing businesses to efficiently manage transactions, disburse payroll, and access loan services while also detecting fraud. By streamlining these financial operations, Xendit supports the growth of businesses in the region.

ErudiFi

Seed Round in 2018
ErudiFi is a mission-driven technology company focused on making education affordable in Southeast Asia. It operates under the brands Danacita in Indonesia and Bukas in the Philippines, expanding access to higher education by funding thousands of students through technology-enabled partnerships with universities and vocational schools. The company provides an education financing platform that enables students to apply for loans online and receive approvals based on factors such as family income, field of study, and merit, offering low-interest, affordable loans while reducing documentation hassles. By expanding access to financing, ErudiFi aims to drive educational opportunity and support long-term social and economic development in the region.

Ride Jakarta

Seed Round in 2018
Ride Jakarta is an indoor cycling studio based in Jakarta, Indonesia, founded in 2015. The company specializes in offering a variety of cycling classes tailored to different skill levels. Their class offerings include a beginners ride for newcomers to indoor cycling and fitness, a signature ride suitable for all participants, and an advanced ride designed for those who have completed more than ten classes and are familiar with cycling techniques. Ride Jakarta focuses on delivering a full-body workout that enhances cardiovascular endurance and tones the body. Customer inquiries are managed through multiple channels, including phone, email, and online applications.

CoHive

Seed Round in 2017
CoHive, formerly known as EV Hive, is Indonesia's largest co-working space provider, headquartered in Jakarta. The company offers a comprehensive ecosystem that includes co-working, co-living, co-retail, and event spaces, designed to foster community and support the growth of startups and small to medium enterprises (SMEs). With around 9,000 members across 33 locations in major cities such as Jakarta, Medan, Yogyakarta, and Bali, CoHive spans approximately 66,000 square meters of shared workspace. The majority of its members are startups and SMEs, while the remaining clientele includes enterprises from diverse industries. CoHive aims to be a pivotal community builder in Indonesia by connecting individuals and businesses, facilitating knowledge sharing, and providing flexible and affordable workspace solutions. The leadership team includes Co-founder and CEO Jason Lee, Co-founder and CCO Ethan Choi, COO Erich Hirawan, and CRO Iris Wee.

Populix

Populix is a consumer insights platform based in Jakarta, Indonesia, founded in 2018. The company connects businesses and institutions with a large pool of approximately 300,000 qualified respondents, facilitating both qualitative and quantitative research. Populix enables clients to conduct studies, recruit respondents, and analyze data efficiently. The platform offers a range of services, including the ability to launch custom research projects, access curated panels, and purchase pre-existing datasets and reports. By providing accurate and real-time data, Populix supports organizations in making informed decisions based on reliable insights.
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