Northstar Group is a venture capital and private equity firm managing more than US$2.5 billion in committed equity capital dedicated to investing in early-stage and growth companies in Indonesia and, to a lesser extent, other countries in Southeast Asia. The Northstar Group has a solid track record of actively growing the businesses of its investee companies over its investment horizon. Since its founding in 2003, the Northstar Group has raised five private equity funds and one venture capital fund and has invested in more than 40 companies across the banking, insurance, retail, technology, telecom, and agribusiness sectors. The Northstar Group has invested over US$3.0 billion with its co-investors in the Southeast Asian region.
MAKA is dedicated to building the best electric motorcycles for Indonesian riders.
Esensi Solusi Buana
Series B in 2022
Esensi Solusi Buana is the first restaurant technology in Indonesia with the most complete solution under ONE integrated platform.
Dailybox
Series B in 2022
Dailybox Group is an online restaurant startup with multiple brands. Its product line includes Dailybox (a rice box that serves comfort food), Shirato (a sushi-burrito fusion concept), Breadlife (a well-known bread brand in Indonesia), and Dailymeals (ready-to-heat food). It was founded in 2018 with the goal of providing a wide range of fast and affordable dishes. Its brand is comprised of two words: "Daily" and "Box," which emphasizes its mission to be a chain F&B brand that can serve customers on a variety of menus on a daily basis in a very practical manner.
Noice
Series A in 2022
Noice is a local audio platform that offers a diverse range of content, including radio, music, podcasts, and audiobooks. Founded in June 2018 as part of the Mahaka Media Group, Noice operates radio stations in Indonesia, specifically targeting geographic segments in Jakarta and Surabaya. The platform facilitates access to informational podcasts and radio shows, allowing users to engage with various audio content while also providing opportunities for content creators to produce and share their own work online. Through its focus on audio, Noice aims to enhance the listening experience and broaden the availability of informative and entertaining content for its users.
Sayurbox
Series C in 2022
Sayurbox is a web-based platform based in Bandung, Indonesia, that specializes in the distribution of fresh fruits and vegetables. Founded in 2016, it connects consumers directly with farmers, allowing them to purchase chemical-free and organic produce. The platform emphasizes healthy living by offering vegetables that are harvested and delivered on the same day, ensuring freshness and quality. By facilitating online orders, Sayurbox aims to make healthy eating more accessible to its users.
Zenius
Series B in 2022
Zenius is an online education platform dedicated to enhancing the learning experience of Indonesian students by promoting critical thinking and scientific knowledge. The company offers subscription-based self-learning materials tailored for K12 students throughout Indonesia. Its platform provides educational videos that are accessible online and also available offline through CDs and DVDs. By utilizing a visual medium, Zenius aims to deliver critical, logical, and integrated scientific knowledge, making learning engaging and effective for its users.
Ula
Series B in 2021
Ula is a technology-driven marketplace application based in Jakarta, Indonesia, focused on modernizing distribution and credit for micro, small, and medium enterprises. Founded in 2020, the company offers a B2B platform that allows small retailers to efficiently manage their inventory and supply chain. Ula provides a wide assortment of products at competitive prices, alongside favorable payment terms, enabling store owners to stock only what they need while also accessing essential working capital. By leveraging technology, Ula aims to address significant challenges in the retail sector, enhancing the competitiveness of small retailers and helping them improve their profit margins and overall business growth. In addition to its headquarters in Jakarta, Ula has offices in Bengaluru, India, and Singapore.
Zenius
Series B in 2021
Zenius is an online education platform dedicated to enhancing the learning experience of Indonesian students by promoting critical thinking and scientific knowledge. The company offers subscription-based self-learning materials tailored for K12 students throughout Indonesia. Its platform provides educational videos that are accessible online and also available offline through CDs and DVDs. By utilizing a visual medium, Zenius aims to deliver critical, logical, and integrated scientific knowledge, making learning engaging and effective for its users.
Du’Anyam
Pre Seed Round in 2018
Du'Anyam is a social enterprise based in East Flores, Indonesia, established in 2014 with the mission of empowering women and enhancing livelihoods in rural areas through the production and distribution of wicker crafts. The organization collaborates with over 1,000 local weavers, providing training in quality and design to improve their skills. By connecting these artisans to both domestic and international markets, Du'Anyam offers a variety of high-quality products, including office souvenirs, hotel amenities, and handmade home décor. The enterprise has successfully partnered with more than 200 hotels and companies, supplying over 150,000 crafts that carry significant social marketing value. Du'Anyam's commitment to cultural promotion and economic empowerment has also earned recognition, as it was selected as the sole craft-based official merchandiser for the ASIAN Games 2018.
Gojek
Series D in 2016
Gojek is an app that providing a variety of services from payments, food delivery, transportation, and logistics. The app is used for food ordering, commuting, digital payments, shopping, hyper-local delivery, getting a massage, and other services. It aims to create a positive socio-economic impact on customers, driver-partners, business, and MSMEs. Gojek is backed by investors including Google, Facebook, PayPal, Sequoia Capital, and Tencent Holdings. The company was founded in 2009 in Jakarta, Jakarta Raya, Indonesia by Kevin Aluwi, Nadiem Makarim, and Michaelangelo Moran.
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